| Thermal power project plays a great part in China power project. Processing on the financial feasibility analysis in the prior period of thermal power construction, not only has significant meaning in making right investment decision, and guaranteeing the economic benefit of thermal power project, but also has important strategy significance for guaranteeing power supplied and maintaining a sound momentum of sustained, rapid and healthy development of economy.Focusing on the present condition and limitation of the finance evaluation index system of construction projects, through calculating the benefit and expense, analyzing and improving the index of profitability and liquidity, this paper designs a finance evaluation index system for the prior period thermal power construction project. Meanwhile, this paper brings risk factors into the finance evaluation index system, adjusting the cash flow by means of annual risk-adjusted discount rate which can overcome the flew of exaggerating forward risk. Providing better decision services to investors, this paper also constructs a hierarchical analysis decision model. At the end of this paper, in the case study, the index results calculated respectively by improved finance evaluation index system and traditional finance evaluation index system are applied in the hierarchical analysis decision model. The result shows that the improved and finance evaluation index system can evaluate the financial feasibility of the thermal power construction project and demonstrate good operability of hierarchical analysis decision model.Processing on the financial feasibility analysis in the prior period of thermal power construction can reduce haphazard investment and decision failure. The finance evaluation index system and the hierarchical analysis decision model created by this paper can be used for reference by evaluating financial situation in the prior period of thermal power construction project. |
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