Power Project Investment Risk Management

Power industry is one of national basic industries, which is closely linked with national economy and the people's livelihood. Since the founding of the new People's Republic of China, the government is directly in charge of the investment and the management of power industry. Due to the policy barrier to the national power investment, locality, individual and foreign capital cannot go into power investment market. With socialist market-economy's all-round establishment, Our national economy has a high-speed development and people living standard has improved daily, the demand for power has greatly increased. This required setting up power supply places and power network with more broad scale, more standard management, more high-tech technology and more beneficial results. In order to fit in with the needs of the new situation, the reform to national power investment system is inevitable. 'Divide plant and network, multiple competition' is emerged.Precisely because of multi-investment sides, it seems very necessary to systematically analyze the risks of power-project investment, which can avoid blind investment, reduce the risks of power investment and improve the investment benefits. This is not only a need to promote national economy's healthily development, but also a need to guarantee investment-side's benefits. In view of above-mentioned reasons, the author analyzes and discusses the risks of power-project investment.This thesis begins from the risks of general project investment, combined with character of power-project investment, to pursue the source and the objective law of the risks of power-project investment, to analyze the possible risks in the course of the power construction. In addition, the author also analyzes the emerged risks from power technology, power market, project management and national policy. On risk analysis, the author introduces 'profit and loss balance analysis', 'sensitive analysis' and other analytical methods. Combined with concrete cases, the author makes a deep discussion on risks of power-project investment and the risks control, and puts forward a series of protective measures from the view of enterprise and society. On the basis of risk analysis, from the of view of power-project investment side, the author expounds and proves the risks of power-project investment in the course of the previous development period, construction period and operation period, and put forward risks management method in each period.