XX电力项目融资模式选择研究

发布时间：2018-03-23 23:31

本文选题：电力项目　切入点：项目融资　出处：《西南石油大学》2014年硕士论文

【摘要】：电力是国民经济发展的一项基础产业,也是国民经济发展的先行产业,占据着极其重要的地位。近年来,随着改革开放步伐的不断加强与深入,我国的电力行业却面临着极为严峻的考验。其一是,电力供给与电力需求之间的供需平衡被破坏,供需缺口逐渐加大；其二是,国内丰富的能源储备没有得到充分的利用和开发。尽管已经加大了能源等基础设施建设的投资力度,但还是满足不了持续发展的需要,仅电力工业一个部门每年就必须新增120-150GW装机容量以保证8%的年增长率要求。电力项目投资规模的日益加大,可以预见其对资金的需求是十分惊人的,传统的融资模式已经远远不能满足大规模电力项目建设资金的融资需求。本文就是在这样的背景下,展开了对电力项目融资模式的研究。由于项目融资各个模式特点各异,在具体运用中的优劣势也各不相同,因此针对于具体的电力项目来选择最适合的项目融资模式,已经成为我国电力行业建设发展急需解决的问题。本文在大量文献调研的基础上,从项目融资的基本理论出发,对电力项目融资模式选择过程中的内外部因素进行归纳整理,并对五种主流的项目融资模式进行了简介,为下文的融资模式选择提供可选择的方案。然后以XX水电站项目融资模式选择为例,进行具体的模式选择过程分析,从运作的繁简程度及融资成本比较、项目产权关系、风险承担能力、后续融资能力四个视角对五种主流模式进行定性的比较分析,再将影响因素细化为具体指标借助于专家综合评分法进行打分,从而选择出最适合该项目的融资模式即ABS融资模式。最后,对具体项目融资模式选择过程进行了小结,以期为电力项目融资模式的选择提供一些方法,为政府、电力企业进行电力建设项目融资提供了借鉴和参考,对于推动中国电力事业的发展具有很强的现实意义和应用价值。
[Abstract]:Electric power is a basic industry in the development of national economy as well as a leading industry in the development of national economy and occupies an extremely important position. In recent years, with the continuous strengthening and deepening of the pace of reform and opening up, However, the power industry in China is facing a severe test. One is that the balance of supply and demand between electricity supply and demand has been destroyed, and the gap between supply and demand is gradually widening. The abundant domestic energy reserves have not been fully utilized and exploited. Although the investment in infrastructure construction, such as energy, has been increased, it still cannot meet the needs of sustainable development. The power industry alone has to add the installed capacity of 120-150GW every year to ensure an annual growth rate of 8%. With the increasing scale of investment in power projects, it can be expected that the demand for funds will be staggering. The traditional financing mode has been far from meeting the financing needs of large-scale electric power project construction funds. This paper has carried out the research on the power project financing model under this background. Because of the different characteristics of each project financing model, the traditional financing mode has not been able to meet the financing needs of large-scale electric power project construction funds. The advantages and disadvantages in the specific application are different, so to select the most suitable project financing mode for specific electric power projects has become an urgent problem in the construction and development of the electric power industry in China. On the basis of a lot of literature research, this paper sums up the internal and external factors in the process of selecting the financing mode of electric power project, and introduces the five main project financing modes, starting from the basic theory of project financing. Then take XX hydropower station project financing mode selection as an example, carry on the concrete mode selection process analysis, from the operation complexity degree and the financing cost comparison, the project property right relations, Four angles of view of risk-bearing ability and financing ability are analyzed qualitatively and qualitatively, and then the influencing factors are classified into specific indicators with the help of the expert comprehensive scoring method. Finally, the selection process of the specific project financing mode is summarized, in order to provide some methods for the choice of power project financing mode, for the government. The electric power enterprise has provided the reference and the reference for the electric power construction project financing, which has the very strong realistic significance and the application value to promote the development of the Chinese electric power enterprise.
【学位授予单位】：西南石油大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F426.61;F426.91;F283

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