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The Feasibility Research Of Overseas Power Investment: The Valuation Analysis Of Some Coal-fired Power Generation Project

Posted on:2016-09-22Degree:MasterType:Thesis
Country:ChinaCandidate:C ZhangFull Text:PDF
GTID:2349330503494449Subject:Business management
Abstract/Summary:PDF Full Text Request
Along with the presentation of “One Belt and One Road” national strategy and the further deepening of “going abroad strategy”, more and more enterprises begin to introduce the internationalization strategy, focusing on the overseas market. The overseas markets of our national enterprises are more and more diversified and high-end, and many enterprises begin to invest in the overseas market. Electricity has always been an important overseas market of our national enterprises, which ranges from the export of complete sets of equipment to the general contracting of the projects, and further to the foreign investment of the power plants' operation. The risks of such movements that the enterprises face are also growing. China's stateowned enterprises that engaged in overseas power investment and operation are facing huge risks due to their poor comprehensive ability of investment and lack of experience running an overseas power plant. In this article, through the analysis of the overseas electricity power investment's feasibility study evaluation, we demonstrate the existing problems of the feasibility of investing in the overseas electricity power, and further analyzes the causes of the existing problems and their improvement methods through some study of actual examples, which provides reference and ideas for the feasibility study of the “going abroad” overseas electricity power investment.The thesis first describes the recent overseas electricity power investment situation of the “going abroad” enterprises and their problems, which brings the basis of overseas investment decisions—the feasibility study report. Then the thesis raises the common problems concerning the economic evaluation of the enterprises' project investment feasibility report, which is many people subjectively distort the selection of main factors of valuation, resulting in the serious deviation of the project's economic evaluation, and finally leading to the project evaluation out of the category of scientific. This thesis especially selects the actual cases to demonstrate and analyze the deviation of project evaluation and the existing problems. Moreover, this thesis compare the changes of project evaluation and demonstrate the existing serious problem in the project evaluation through the selection of different valuation factors in actual cases and amendment and also through the scenario analysis and sensitivity analysis. At the same time, the thesis also provides the method of screening the main factors when conducting the economic evaluations in overseas electricity power investment project, which provides some advice for our national enterprises in the overseas economic evaluation of the power project investment.This thesis provides some requirements and suggestions for the objectivity and authenticity of the study of overseas electricity power investment's feasibility through the analysis of the appraisement of the overseas electricity power investment project, wishing to promote the sound development of the “going abroad” enterprise's overseas power investment.
Keywords/Search Tags:overseas power investment, feasibility study, economic evaluation, project risk
PDF Full Text Request
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