Research On Application Of Financial Leasing In UHV Project

Development and construction of UHV project is a major strategic goal of the national Power Grid Corp,but also an important part of the development of new energy power.But because the UHV power company is located in the frontier provinces of China,due to geographical,economic,historical and other reasons,several provinces of UHV transmission power company is the national network system within a few years of losses of the company,its own investment ability,high rate of company assets and liabilities,relying on the bank itself and the traditional loans to bear the huge demand for investment project of uhv.How to solve the contradiction between the strong investment demand and the lack of investment capacity,is the biggest difficulty facing the company.Because of the particularity of the UHV project,financing Power Grid Corp limited,import financing,financial,investment,trade and asset management in a financing lease,in line with the policy under the premise,effectively solve the problem of shortage of funds for power grid enterprises.This paper makes a research on the application of financial leasing in the UHV project,taking M electric power company as an example,this paper analyzes its financial capacity,asset liability ratio,investment demand and investment ability.It can be concluded that the traditional bank lending model has been unable to apply to the current financial situation of the company,the use of financial leasing can effectively alleviate the company's investment pressure and financial pressure.This paper analyses the feasibility of financing lease application of UHV project,and discusses the specific constraints of financing lease is applied to UHV in project construction.The amount of investment for leasing the traditional operating mode is difficult to meet the UHV project,the actual situation of construction period and the recovery period is longer,the operation mode for UHV project financing lease,by leasing companies as the leading joint UHV project equipment suppliers,construction contractor jointly funded the construction and sharing of rent "three party sharing" mode of operation of the design;with M company related data as the background,analysis the influence of the traditional rent repayment mode on corporate finance,since the UHV project benefits a ladder of growth,and reached a relatively stable state in a certain period of time,if the traditional rent payment mode,will be in the project operation prior to the company's financial pressure,is not suitable for the actual situation of the company,to meet the company's smooth transition and adaptation The development of the target,this paper designed "custom three stage" rent repayment mode,return it to the company project financial status,current and future growth as the premise,tailored to specific rent repayment mode,namely the first stage and second stage deferred payment deferred interest repayment,third stages according to the matching repayment of rent rent repayment mode.Financial leasing "the three party sharing" mode of operation "state and custom three stage" rent repayment mode,can effectively solve the company to meet the demand of UHV construction financing difficulties,and to ease the initial operation of UHV project financial pressure,the hope can provide a new way to solve the financing problem of UHV in the process of development.