The Innovation Research For Financing Grid Engineering By Financial Lease Model

With the faster development of power supply construction in recent years in China, the grid construction has lagged far behind of power supply .In order to speed up grid construction; the shortage problem of grid construction capital must be resolved as soon as possible. Therefore, reforming the present financing modes in grid construction and promoting a various capital into grid construction have been not only the subject of theoretical research, but also the real demand in state grid enterprise.This article researches on the theory and application of financing lease in grid construction, which proposes a strong practical significance to innovate grid construction financing mode, the purpose of the article is to provide theoretical analysis framework and method direction for propelling financial lease into other infrastructure facilities industries, promotes the application of financial lease in infrastructure facilities construction and expands the market segments of financial lease through analyzing and researching on financial lease in grid construction.The article mainly researches on the theory and application of financial lease in grid construction in micro-level angle, and gives a theory analysis framework and application method and model of developing in grid construction based on the benefit of lessee. Its main achievements are as follows:At the beginning, author first talks about the feasibility of applying financial leasing to Grid Engineering construction. After proposing some kinds of financial leasing, this article sets forth the operation process of direct leasing in details.On behalf of the lessee, the article establishes a system of evaluating financial lease project's feasibility and evaluating costs of different modes, which can present evidence of the lessor's decision-making on the choice to buy or to lease.At last, article discusses if the financial lease can maximize the value of the state grid company from the aspects of debt to Assets Ratio and financial standing.