Research Of The Application Of Project Finance In Electric Power Construction

In recent years , as an important international finance method , project finance has obtained great success in infrastructure construction especially in power industry , accelerated the development of China's power industry greatly . This thesis , based on the subject of project finance's application in power industry, systemically discusses and analyses this new method from two aspects of theory and practice.In the theory part, it discusses the general concept of project finance including its definition , characteristics , participants and several common forms,then explores the risk and management of project finance combined with the characteristics of power industry.In the application part , firstly ,it summarizes and reviews the history of the application of project finance in power industry ,then discourses on the necessity of project finance 's utility in power industry .on this basis , through actual case of tangshan Sithe project , studies the framework , contracts and risk distribution and management of project finance in China's power industry, discusses the problem of high electrovalence of the power plant established using foreign investment and proposes solving measures.Finally, the paper puts forward some suggestions and measures to widen the application of project finance from the view of both the economic policy of government and power enterprises , and especially elaborates the prospective of applying of TOT and ABS project in China's power industry.