Feasibility Study On The First-stage Project Of A Power Plant

The feasibility study of the project,which was planned to invest and construct,was an important way to avoid risk decision-making errors due to the features of electric power project such as the longer investment and construction cycle,the larger investment,the longer investments return and the impact of local economic and social sustainable development.Principle and method of project feasibility study was applied in this study.The first-stage project of a power plant in Shaanxi Province was taken as a good example in the feasibility study.Five topics were discussed in this paper.Firstly,the project background such as the general situation of the power plant project and construction necessity were introduced.Secondly,the technical feasibility of the project was analyzed from the fuel supply,the site conditions research,and installed scheme analysis.Thirdly,the feasibility analysis of the project environment was completed through the analysis of the present environment,the prediction of the environmental impact,the prevention and control measures of the project construction and measures of evaluation.Fourthly,the economic benefits of project were evaluated by the method of investment estimate and financial analysis.Finally,the potential risks of the project were forecasted from six risk factors,such as the market,the technology,the engineering,the capital,the policy and the external collaboration.It was pointed out that the engineering risk seemed to be the highest among other risks,thus it was recommended that the site destroyed by small coalpit mining could meet the requirement for power plant engineering construction only when some proper treatment measures were adopted.According to the analysis results of technique,environmental economics,finance and investment risk,it was shown that the technical and environmental conditions of the power plant project was completed well,the economic benefit index was reached roughly and the construction of the project was feasible.The project made full use of the local coal resources advantages,and made a positive role of economic development of Shaanxi and Yan’an area.The implementation of the project would generate considerable economic and social benefits.