| With the development of economic society, the investment scale on electric power projects is getting larger and larger. An astonishing demand for fund is sureness. The traditional corporate funding mode is quite difficult to meet fund demand for constructing electric power projects in large-scale. On the other hand, there is no way for large volume of non-governmental capital entering electric power industry. Therefore, the project funding has aroused general concern of the theoreticians and practical men and quickly spread and used in the world since it has arisen from the 1960's to 1970's.The international project funding modes have greatly influenced Chinese funding modes of electric power projects and provided beneficial experience in using foreign personal capital to carry out constructing Chinese electric power projects in future. Since the characteristics, advantages and disadvantages of project funding modes are much different in use, so choosing a suitable project funding mode according to concrete demands and characteristics of each project has become an urgent problem which should be solved in the development of the Chinese electric power industry.In accordance with imitations of traditional corporate funding, careful analyses of funding modes theory and concrete conditions of Chinese electric power constructions, the paper makes a systematic and comprehensive analysis of each funding mode and provides concrete experienced funding mode and funding program for Chinese electric power industry.The paper consists of five chapters. Chapter I is Guidance, mainly introducing the purpose, importance, inland and outland concerned expositions, contents and studying methods of the thesis; Chapter II briefly introduces basic theory on project funding, project funding modes most in use, including BOT, ABS, PFI, PPP, finance lease and so on. It also analyses the characteristics and differences of various funding modes and makes a comparison between them; Chapter III mainly analyses funding modes adopted in current Chinese electric power projects and discusses the present conditions and prospects of each mode; Chapter IV is Case Analysis. It analyses successes and shortcomings of some being constructed or operating electric power projects in China and sums up their experiences. Chapter V is Conclusion and Suggestion. It points out some attentive problems in carrying on project funding. |
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