Research On Financial Evaluation Of Yinhe Thermal Power Plant Project

In recent years, the demand for electricity is growing throughout the country with the rapid economic advance, most area continued to run with a high power load, electricity consumption, Power generation and electricity sales increased significantly and showed a overall rising trend. Correspondingly, investment in power construction projects has a rapid development. However, with the current conditions that the market is increasingly competitive, if power projects to be built can proceed smoothly, if the investment risk can be effectively avoided and eliminate wrong investment decision, if the project can get expected economic benefits, and each of these is a major concern of investors. In order to analyze the possibility and feasibility of power construction projects, applicability and advancement of its technology, also with economic rationality and efficiency, investors need to make a comprehensive analysis and evaluation about project's market research, technology solutions, energy saving, environmental protection, occupational safety, financial benefits and so on. Financial assessment is an important item of project assessment, and financial evaluation methods are the core of project financial assessment, to a large extent,the potential economic benefits of the completed project can be reflected by the calculated assessment. Taking Yinhe thermal power plant project as an example, this paper makes an overall introduction of the research tendency about project financial evaluation and expounds the basic content and procedures of project financial assessment based on the assessment of the project's other aspects (namely assume that in addition to the financial evaluation, the other aspects of evaluation are feasible). This paper also systematically expounds the development process of financial evaluation method from different historical stages, and summarizes the advantages, disadvantages and applicability of different financial assessment methods. This paper also points out the main questions that exist in current electric power project financial evaluation methods, and puts forward improvement measures and suggestions of the financial evaluation methods. The discussion and research of power electric project financial evaluation methods will help investment to get accurate, comprehensive and reliable financial evaluation report, and make objective and impartial financial assessment about the project to be built. Also, the discussion and research has profound practical significance to improve the scientificalness of electric power project feasibility evaluation.