Research Of Risk Controls And Evaluation On The Small And Medium-sized Power Projects

Since the end of the last century, China has paid attention to market reform. Especially after 1990, the process of marketisation in various industries of the nation developed rapidly. The several major industries are also subjected to a serious test. The power industry as a major pillar of the national economy, takes on the great responsibility of the economic development of the nation. In the situation that many small and medium-sized power projects have been started, how to make sure that the investment of power projects go smoothly, how to avoid the power shortage of enterprises and residents, how to strengthen the risk control of investment, and finally getting the great profit of investment is a very important issue for the economic reform of nation and the development of power enterprises.The paper, considering small and medium-sized power construction projects in the Inner Mongolia, has research on the project size, investment risk, risk identification, risk assessment and risk control. First of all, the projects of small and medium-sized power construction are investigated and sorted out; Secondly, the paper analyzes the shortcomings of their risk management and proposes improved approaches. Finally, it lists several risk factors and makes quantitative evaluation on the investment in the construction projects of small and medium sized power. The paper introduces the Analytical Hierarchy Process (AHP), describes the principles and steps of AHP, makes comprehensive evaluation on the risk of investment in power projects, solves the qualitative problems through the quantitative analysis, and helps objectively reflect on the real situation of the risk management of power investment projects.This paper aims at all kinds of hazard factors of the theory of risk management, formulates the policies of risk control, establishes the system of risk control and proposes the methods of avoiding risk through each key node resulting in the possibility of risk, based on the analysis of project risks. The policies of risk management are proposed by the paper, not only improve the successful completion of construction projects of small and medium sized power, but also establishes an effective risk management system to minimize the risk of project management.