Project Financial Post-Evaluation For Shaanxi Y Company Cogeneration

Cogeneration project is which make use of coal, coal gangue, natural gas as fuel then combusted into steam with high temperature and high pressure by boiler, and power will be generated, steam of low temperature and low pressure grading extracted in and after the process of power generation will be used for heat supply (compare to pre-power generation). Cogeneration shows the superiority of energy saving, environment quality and living condition improving in power industry development increasingly. Shanxi province A demonstration zone as key supported by national agricultural government, is to solve the problem of increasing residential power and heating demand, this project invested by Shanxi T group will play an important role of speeding up the completion of gas and heating service, relief the local power and heating demand, improve urban environment in A demonstration zone. With the development of economy and prices rises, the project has been endured financial losses after put into production since fuel price and electricity cost rises, electricity prices has not reached its design point and the power and heating income has not been withdrawn in time, besides, our country in2007and issued a policy of "Suggestions about speeding up to shut down small scale thermal power plant", make this project has become a rare failed one in thermoelectric power plant construction. In order to summarize the root cause of the failure, we carried out a financial post-evaluation for this whole project. Cogeneration project financial evaluation is a cogeneration power project post evaluation work important content, it is with cogeneration projects completed and put into production based on actual data, analysis of the financial evaluation indicators, for the power enterprise production and management provided economic and financial decision making basis, and for similar project decision making and to offer a reference for construction.The thermoelectric project finance post-evaluation is the general theory for project post evaluation, which based on the actual data, to calculate each indexes of financial evaluation system to provide reference for economic and financial decision making, and provide suggestions for decision making and construction of similar project.This article adopt the general theory and method as the basis, taking Shanxi thermoelectric power plant as the research object, combined with the foundation, combined with cogeneration project characteristics to analysis the contents, methods and significance of the project, from the aspect of construction conditions, heat load planning etc,. to introduce the project situation and feasibility, and calculate evaluation index according to actual situation after put into operation, analysis the root cause of failure through the project financial evaluation. Finally, we summarized the project construction experience, pointed out the existing problems, and put forward suggestions of improvement for decision-making of future similar projects with strong practical value.