Research On The Choice Of Financing Mode Of Electric Power Project

Electricity industry is not only a basic industry, but also leading industry in the national economy developmet, which occupies a very important position. In recent years, with the deeper and stronger pace of reform and opening up, the China’s power industry are facing a very severe challenge. One is that the balance between supply and demand is gradually to be weakened with the rapid economic development, the gap between supply and demand is higher increasing; the other one is that the domestic rich energy reserves have not been fully utilized and developed. Despite investment in energy infrastructure had been increased, still cannot meet the needs of sustainable development, the power industry sector must be installed generation capacity of120-150GW annually so as to ensure that the annual growth rate of8%GDP requirement. Increasing the scale of investment in power projects to increase, it is expected their need for capital is very striking; just traditional financing model hasn’t been far from meeting the financing needs of large-scale power project construction funds. This paper is carried out research on the power project financing mode in this context. Due to the characteristics of each mode of financing different projects, in particular the use of the advantages and disadvantages of each are not identical, therefore targeted at specific power projects to choose the most suitable project financing model, construction and development of the power industry has become an urgent need to solve our problems.In this paper, based on a lot of literature researches and the basic theory of project financing from the starting of the power project financing mode selection process of internal and external factors collate, and five mainstream Introduction to project financing modes are selected to provide alternative solutions for financing model below. Then XX hydropower project financing mode is selected, for example, specific mode selection process analysis, comparing the degree of complexity from operations and financing costs, project property ownership relations, risk exposure tolerance, the future financing capacity of the four perspectives of the five main modes comparative analysis of qualitative factors and then refined by means of specific indicators for the comprehensive evaluation method for scoring expert, so choose the most suitable financing model of the project that ABS financing model. Finally, specific project financing mode selection process was summary in order to provide a choice of power project financing model for some of the ways for the government, Power Company’s project financing provided useful reference for promoting the development of China’s power industry has a very strong practical significance and application value.