Research On Financial Feasibility Of Waste Incineration Power Generation Bot Project

Incineration power generation as a way of municipal solid waste treatment has developed rapidly in recent years in China. Incineration power generation can not only effectively solve environmental problems caused by urban living refuse, and can bring substantial economic benefits. Because of a late start of China’s research and development of related technologies and application, coupled with insufficient financial resources of local government, BOT model has become the trend of the project construction. On account of significance of waste incineration power generation BOT project, such as economizing energy, improving environment, the financial feasibility evaluation completely and thoroughly is very necessary. At the same time, in the waste incineration power generation BOT project financial feasibility evaluation of both in the interests of all stakeholder needs, so that all the stakeholders are realize financial feasible, and his own benefit maximization, thus pushing waste incineration power generation BOT project success operation.The paper is based on the analysis of the interests’demand of main stakeholders of waste incineration power generation BOT project, combining the characteristic of waste incineration power generation BOT project, attempt to balance their interests of the host government, the shareholder, project company, the constructor and the operator, set up a financial evaluation indexes system to satisfy with all stakeholders, providing a solution for waste incineration power generation BOT project financial feasibility evaluation.This paper is divided into five parts. The first part analyzes the important role of waste incineration power generation BOT in environmental protection construction in China, on the basis it puts forward the importance of the financial feasibility evaluation of waste incineration power generation BOT project, and analyzes the research status of domestic and overseas and the deficiency of present research, finally states the study plan, study content and innovations. The second part concludes the related theories of BOT projects and financial evaluation of BOT projects,. The third part analyzes the right, responsibility and interests’demand of the five main stakeholders in detail. The forth part establishes a set of financial feasibility evaluation index system from the different angle of the main stakeholder, for the main stakeholders is providing financial decision-making basis for participation project. The fifth part, the paper makes the instance analysis to the Lang fang waste incineration power generation BOT project of according to financial feasibility evaluation index system.