Research On Risk Sharing Model Of Overseas Electric Power PPP Project Finance

Since the reform and opening-up,especially since China formally joined the WTO in 2001,China has made great achievements in the economic development.As of 2016,the total GDP in China has surpassed 70 trillion yuan,and has continued to remain second in the world,and its foreign exchange reserve is still up to about three trillion dollars.The rapid development of the economy and the huge volume of foreign exchange reserves have laid a solid foundation for Chinese enterprises to "go global" and make international investments,and create a good environment.From the point of view of overseas investment project sponsors and investment,one of the key points of the success of overseas investment projects is whether overseas investment projects can get financing without recourse or limited recourse.From the perspective of project financing,whether it is willing to provide the key point of non recourse or limited recourse project financing in the project,in addition to financing will retention project risk,other project risk whether to obtain the reasonable allocation and proper placement,to ensure that the project overall risk control,the borrower has the ability to finance debt service on time.To sum up,the investment ability of overseas investors depends on their financing capacity,and the financing ability of overseas investors depends on their reasonable allocation and management capabilities for project risks.This study will be in full consideration and understanding of overseas power investment projects,especially the basic theory and building structure of overseas electric power PPP project of project financing,make full use of Chinese Power Construction Group-Chinese Power Construction Group Overseas Investment Co.Ltd.has specialized in overseas electricity investment project strengths and experience of experts with the advantage of literature of domestic and foreign scholars and professional organizations,the use of expert Delphy survey method for risk identification and assessment.The principle of sharing with the world bank and the domestic experts proposed PPP project risk,establish project risk sharing index system,and use AHP model(AHP)to determine the weight of each factor are accounted for in the index system,finally using TOPSIS method model(TOPSIS)to determine the best and worst risk allocation scheme,negotiation share the risk to assist overseas electricity investment project team to quantitative indicators,and provide scientific basis for overseas investment enterprises to the final decision,to achieve a reasonable distribution and project risk management,project negotiation and reduce financing costs,improve the success rate of the final project.