【摘要】：電力企業(yè)融資方式的發(fā)展演化表明,國內(nèi)銀行貸款、債券融資、股票融資、項目融資等各種融資方式都有其固有的優(yōu)點,但也存在一些缺陷和不可避免的風(fēng)險。項目融資作為資本密集型的電力企業(yè)一種行之有效的融資方式,相對于傳統(tǒng)的融資方式更加適應(yīng)國際政治、經(jīng)濟、法律環(huán)境和社會因素的不斷變化。因此,對電力企業(yè)項目融資風(fēng)險的研究是十分必要的。 本文通過對華潤浙江蒼南發(fā)電廠項目融資的風(fēng)險進行識別,進而建立華潤浙江蒼南發(fā)電廠項目融資風(fēng)險綜合評價指標(biāo)體系,運用多層次模糊綜合評價模型對華潤浙江蒼南發(fā)電廠項目融資風(fēng)險進行具體綜合評價,最后針對相應(yīng)風(fēng)險提出了風(fēng)險防范措施和建議。 研究結(jié)果認(rèn)為,華潤浙江蒼南發(fā)電廠項目融資的風(fēng)險,隨類型不同其風(fēng)險程度也是不同的,甚至差距甚大。通過對融資風(fēng)險的綜合評價,華潤浙江蒼南發(fā)電廠項目融資風(fēng)險可以被歸納為嚴(yán)重風(fēng)險、較嚴(yán)重風(fēng)險、一般風(fēng)險、輕微風(fēng)險等四級風(fēng)險。其中地區(qū)政府主管部門不利的行政行為、上網(wǎng)電價風(fēng)險、突發(fā)性自然災(zāi)難風(fēng)險等嚴(yán)重風(fēng)險為Ⅰ級風(fēng)險；國內(nèi)宏觀政策對火電行業(yè)的影響、通貨膨脹風(fēng)險、爆炸、化學(xué)污染引起的風(fēng)險、成本超支風(fēng)險等較嚴(yán)重風(fēng)險為Ⅱ級風(fēng)險；環(huán)保風(fēng)險、經(jīng)營和維護風(fēng)險、招標(biāo)風(fēng)險、項目業(yè)主風(fēng)險、延期完工風(fēng)險等一般風(fēng)險為Ⅲ級風(fēng)險；無法完工風(fēng)險等輕微風(fēng)險為Ⅳ級風(fēng)險。 通過對華潤浙江蒼南發(fā)電廠項目融資風(fēng)險綜合評價分析,不僅清楚地了解項目的風(fēng)險層次,還可以相應(yīng)提出風(fēng)險防范措施和建議,對項目進行有策略、有重點的風(fēng)險管理,既把握了全局,又能關(guān)注重點,統(tǒng)籌人力物力,提高效率。
[Abstract]:The development and evolution of financing methods of electric power enterprises show that domestic bank loans, bond financing, stock financing, project financing and other financing methods have their inherent advantages, but there are also some defects and inevitable risks. Project financing, as an effective financing method for capital-intensive power enterprises, is more suitable for the continuous change of international political, economic, legal environment and social factors than the traditional financing method. Therefore, it is very necessary to study the project financing risk of electric power enterprises. This paper identifies the risk of project financing in Cangnan Power Plant of China Resources Zhejiang Province, and then establishes the comprehensive evaluation index system of project financing risk of Cangnan Power Plant in Zhejiang Province of China Resources. The multi-level fuzzy comprehensive evaluation model is used to evaluate the project financing risk of Cangnan Power Plant in Zhejiang Province. Finally, the risk prevention measures and suggestions are put forward. The results show that the risk of project financing in Cangnan Power Plant of China Resources Zhejiang Province is different with different types, and even the difference is very large. Through the comprehensive evaluation of the financing risk, the project financing risk of Cangnan Power Plant in China Resources Zhejiang Province can be classified into four levels of risk, such as serious risk, more serious risk, general risk, mild risk and so on. Among them, the serious risks such as the adverse administrative behavior, the risk of electricity price and the risk of sudden natural disaster are grade I risk, and the serious risks such as the influence of domestic macro policy on thermal power industry, inflation risk, explosion, risk caused by chemical pollution, cost overexpenditure risk and so on are grade II risks, and the serious risks such as the influence of domestic macro policy on thermal power industry, inflation risk, explosion, chemical pollution risk, cost overexpenditure risk and so on. The general risks, such as environmental protection risk, operation and maintenance risk, bidding risk, project owner risk, delay completion risk and so on, are grade III risks, while minor risks such as uncompleted risks are grade IV risks. Through the comprehensive evaluation and analysis of the project financing risk of Cangnan Power Plant in China Resources Zhejiang Province, we can not only clearly understand the risk level of the project, but also put forward the corresponding risk prevention measures and suggestions, carry out strategic and key risk management of the project, not only grasp the overall situation, but also pay attention to the key points, coordinate the manpower and material resources, and improve the efficiency.
【學(xué)位授予單位】：華北電力大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F275;F426.61

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 俞云,琚向紅;我國企業(yè)項目融資風(fēng)險管理現(xiàn)存的問題及其對策[J];商業(yè)研究;2005年12期

2 林志宏;董學(xué)晨;喬宏;;基于粗糙集和熵模型的電力企業(yè)融資風(fēng)險評價[J];科技和產(chǎn)業(yè);2008年10期

3 柏松;馬紅;;關(guān)于電力項目融資風(fēng)險與融資方式的研究[J];電力勘測設(shè)計;2008年03期

4 高祺勛;權(quán)聰娜;李博;馬麗;;灰色模糊CIM模型的電力項目融資風(fēng)險評判構(gòu)架[J];工業(yè)工程;2010年04期

5 王亞霆;李文興;;電力行業(yè)投融資風(fēng)險分析與評估[J];管理現(xiàn)代化;2008年03期

6 馬曉國;張福生;常春圃;;風(fēng)電CDM項目融資管理研究[J];中國管理信息化;2011年18期

7 劉崇明;王曉穎;;火力發(fā)電項目融資風(fēng)險管理對策研究[J];華北電力大學(xué)學(xué)報(社會科學(xué)版);2009年03期

8 李偉明;張艷麗;;電力投資的風(fēng)險分析及解決方案[J];黑龍江科技信息;2008年35期

9 秀英;;我國電力企業(yè)投融資發(fā)展問題探析[J];經(jīng)濟論壇;2008年22期

10 許敏,楊琦;項目融資的風(fēng)險性研究[J];金融與經(jīng)濟;2005年01期

相關(guān)碩士學(xué)位論文 前6條

1 王準(zhǔn);水電建設(shè)項目融資與信貸管理研究[D];天津大學(xué);2003年

2 管云松;風(fēng)險投資項目的擇優(yōu)模型研究[D];大連理工大學(xué);2005年

3 尹麗英;水電投資項目風(fēng)險評價及指標(biāo)體系研究[D];西安科技大學(xué);2005年

4 楊s，

本文編號：2507249