Research On Yingkou Medium Plate Substation Project Financing Risks

The development of financing methods show that bank loans, bondfinancing, stock financing, project financing have their respective advantages anddisadvantages. Project financing as a new financing method, is better than othertraditional financing ways, which is adapt to changing political, economic, andsocial environment at home and abroad nowadays, so the project financing ismore suitable for capital-intensive project financing of the power industry.This paper identifies the risk of Yingkou medium plate of transformersubstation construction project financing, establishes the project financing riskevaluation index system, uses multi-level FAHP model to establish the projectfinancing risk evaluation, and gives the corresponding risk prevention measures.Through the analysis of Yingkou medium plate transformer substationconstruction project financing risk can be divided into the most serious risk I, seriousrisk II, and general risk III. In each item risk, the risk of local governmentadministrative behavior, iron and steel industry regulatory laws and regulationschanges, the risk of sudden natural disaster risk, and bidding risk are the most seriousrisk I; all kinds of risks by human factors, risk of cannot be completed, and risk ofexamination and approval are serious risk II; delayed completion risk, technicaldesign risk, cost overruns risk, and environmental risk are general risk III.Finally this paper puts forward the corresponding measures to prevent risks inview of the different risk level, and make the project investor achieve the target andimprove efficiency.