The Financial And Economic Evaluation Of Hohhot's Pumped Storage Project

With China's rapid economic development and the continuous improvement of people's living standards, the demand for electricity significantly is increased, the difference between peak and valley is gradually expanded, so construction of pumped storage power station which can ensure our electricity market reform, power peaking, safe and stable operation and reliable power supply will become the preferred solution. Therefore, the financial evaluation and dynamic efficiency evaluation of pumped storage power station project has a certain research significance and value.In this paper, it does economic evaluation and financial evaluation of pumped storage power plant with Hohhot Pumped Storage Project selected for the background. First of all, the background and significance of the topic is introduced, and it systematically analyses the development and evaluation research of pumped storage power station at home and abroad; secondly, The Hohhot Pumped Storage Project is analyzed from two aspects: pumped storage power station's own advantages and social benefits, the necessity of Hohhot Pumped Storage Project Necessity; again, it describes the overview of Hohhot Pumped Storage Project from the project's geographical conditions, construction scale and overall plan; then, with the project Basic data and financial statements, it does a benefit evaluation of the Hohhot Pumped Storage Power Station from a financial point of view, the main financial indicators include: debt liquidity, sensitivity analysis, internal rate of return, etc.; finally, using the two major aspects: static efficiency and dynamic efficiency which form the economic benefits of pumped storage power station as a starting point, it builds a pumped storage power station appropriate to the cost of the evaluation system according to static, dynamic, and pumped storage power station of their own characteristics, and has the comprehensive evaluation of economic benefits by entropy method and comprehensive evaluation method, at last the conclusion is that the economic benefits of pumped storage power station is better. This research results has a certain reference on the same line of Pumped Storage Project evaluation.