Research On Financing Strategy For Technical Renovation Project Of Coal-Fired Generator Set Of Jingyuan Second Power Company

In recent years,the national environmental protection requirements for the thermal power generation industry have become higher and higher.The Development and Reform Commission,the Ministry of Environmental Protection and the Energy Bureau have successively issued a series of notices,such as the Action Plan of Upgrading and Transformation for Energy Saving and Discharge reduction of Coal Power industry(2014-2020),and so on.Strict requirements are put forward for the emission of air pollutants from thermal power generation enterprises in provinces and cities.The Gansu Provincial Environmental Protection Department actively implemented relevant policies,requiring that the average coal consumption of active coal-fired generators in Gansu Province will be less than 310 grams of standard coal per kwatt-hour after environmental protection transformation by 2020.And carries on the environmental protection special reward the coal-fired power generation enterprise that can guarantee the quality according to the time to complete the ultra-low emission technical transformation.The actual power supply coal consumption of Jingyuan Second Power Company is 330 grams of standard coal per kilowatt-hour at present,can not meet environmental requirements for the time being.In order to respond the relevant national environmental protection policies positively,Jingyuan Second Power Company is planning to significantly reduce the emissions of atmospheric pollutants from the coal-fired generators through the implementation of the ultra-low emission technical transformation project for coal-fired generators.Improve the efficiency of flue gas purification,improve air quality,reduce air pollution,promote the social image of the company and seek long-term sustainable development.Coal-fired generator sets need a large amount of capital to carry out the ultra-lowemission technical transformation project at the same time,whether the funds can be paid in time or not is related to the smooth completion of the project on time and quality assurance.And then affect the environmental electricity price subsidies and the striving for the environmental protection special government incentives.Therefore,in order to avoid the capital chain breaking in the technical transformation project of coal-fired generating sets,it is necessary to carry on the strategic analysis and choice to the fund-raising problem of the coal-fired generating units.Combining with the current production and management situation of Jingyuan Second Power Company,considering the financing difficulties of its coal-fired generator set technical transformation project,this paper combs the relevant literature and makes a research on the relevant theoretical knowledge.The focus is to study the sources of funds and cost evaluation methods,sort out the financing options that the company can adopt in the current internal and external situation,then analyze and compare the financing schemes under each financing strategy respectively.Also,this paper evaluate the optimal financing scheme under each financing strategy.Then analyse the internal and external environment of the company and obtain the optimal financing strategy.Eventually,the optimal financing scheme can be selected and make the relevant safeguard measures.