Research On The Adaptability Of PPP Model In The Financing Innovation Of China’s Nuclear Power “Going Global”

In the global advocacy of low-carbon and environmental protection development,the nuclear power,as a clean,economical,and reliable option,has quickly become one of the power industries with significant development trends and broad market prospect.The Chinese nuclear companies are actively developing the overseas nuclear power market with the support of the national “going global” policy for the nuclear technology of self-reliance.Faced with the continuous changes in the world economic situation and increasingly mature practice in the engineering market,the simple EPC contracting with export financing model for nuclear power projects can no longer meet the needs of importing countries,which means,more and more countries are asking for better financing conditions while choosing contractors.Therefore,it has become an inevitable trend for accelerating the “going global” pace of nuclear power technology that the financing models should be further innovated and diversified.Compared with the EPC financing model,the PPP model can effectively relieve the financial burden and reduce financial risks of importing countries,as a result,it has been adopted in many fields of infrastructure construction,but hasn’t been popularized in the nuclear power industry.This article firstly makes an outline about the positive results in the course of China’s nuclear power “going global”,summarizes the opportunities and challenges faced by the national industry,and draws the view that the exportation of nuclear power plant requires financing innovation.Secondly,it studies and compares the traditional EPC+F,PPP and its derivative model-BOT-financing models,and then analyzes and summarizes the implementation experience of international nuclear projects that have adopted PPP or its derivative models.Finally,through the tools of PESTEL analysis,IFE analysis,SWOT analysis that is combined with the key factors of Financial Affordability Assessment and Value for Money Assessment,and taking the nuclear power project in Argentina as an example,which is under the development of Chinese nuclear company,the macro and micro environment that the project faces is studied and the adaptability study is made through Regression Analysis and Analytic Hierarchy Process.This article,through the above analysis,considers that the PPP financing model is an innovative alternative along with China’s nuclear power “going global” activities.Furthermore,it puts forward recommendations to the relevant participants of nuclear power export,such like for nuclear power companies,governmental departments,banks and financial institutions etc.,in order to optimize as much as possible the macro and micro conditions for the PPP model implementation in the process of promoting China’s nuclear power "going global".