Research On Investment And Management Risk Of Regional Thermal Power Project In Xinjiang

In China, the risk management is a very weak field in the business management. The main reasons which cause the serious risk accidences are weak risk awareness and risk management. Right now, any economic behavior of company may involve risk problems. Therefore, the risk management is as a main method of company internal control. As the consensus of business circles, to avoid risk is more important than to obtain supernormal returns. The risk and uncertainty control of company environment has become the major problem of management.This paper uses the "Company G" as the research sample, and bases on the perspective of risk control to anaylze the main risks of investment and operation of the thermal power industry in our country. And then, according to the characteristics of Xinjiang area and combining the development planning of "Company G" in Xinjiang to highlight the existing risks in the investment management process and put forward the revelant solutions. Specifically, this paper adopts the method of literature research, data analysis and comparative research method, and includes the following steps:at first, based on the concept of risk and the relevant theoretical background and development in the world, to analyze the importance of risk management for the enterprise; and then, combining with the regional resources, economic, market, policy and other characteristics of Xinjiang, and three main factors of influencing the thermal power industry investment management:using hours, fuel supply and feed-in tariff, to analyze the risks and the degree of the effects. This paper considers that the thermal power project of "Company G" in Xinjiang mainly faces the following risks: the first one is the market risk of lower using hours which caused by the excessively rapid growth of installed; the second one is the cost risk of higher fuel prices which caused by only relying on motor transport due that the distance transportation and railway capacity is insufficient; the third one is the policy risk of lower thermal power biding price which caused by Xinjing using low electricity prices to attracte investment energy-intensive;the last one is the hiring risk of talent supply which because of the thermal power project in remote areas and bad living conditions.At the end, based on the above listing risks, this paper puts forward relying on UHV delivery, coal electricity integration development pattern and local recruitment, to avoid or reduce the risk of adverse effects, and to realize enterprise investment management risk in the control.