Study On The Investment Risks Of The Expansion Project Of The Third Phase Of Shimen Power Plant Of Shanxi Coal And Chemical Industry Group Co.,Ltd

The electric power industry is not only the basic industry for the development of national economy,it is also a public utility that is closely related to social development and people’s lives.Electric power investment projects have long construction period,long operation period,and long payback period,they also need huge investment and have large influence on the society.At present,our country is in the key period of economic transformation and upgrading,the national economy comes into the new normal,the development of the electric power faces the historical task of transformation and upgrading,and research on electric power investment risks has great importance on declining the investment risks,reducing the influence of the risks and optimizing the electric power structure.This paper takes the expansion project of Shimen power plant,Phase Ⅲ as the object,which is contructed mainly by the Shanxi Coal and Che mical Corporation.By using the general theory,value-chain analysis and sensitivity analysis of risk management,it studies the investment risks of thermal power project and their responses and measures.This paper first introduces the background and sign ificance of the study,domestic and foreign research and their contents and ideas;Then this paper briefly introduces the basic situation of Shanxi Coal and Chemical Corporation,and using value-chain analysis and five forces model,analyses detailly the competitive ability of its electric power plate,clears its own advantages and disadvantages,and And the existing problems and the reasons of the current organizational structure,human resources management and project financing and other aspects of Shimen power plant were described.This paper focuses on identifing the investment risk factors of the project,it confirms the risks in terms of policy,market,financing,and technology,and by the method of sensitivity analysis,the risk of the project was evaluated,and the preliminary determination of the project is feasible in economic and social benefits.On the basis of project investment risk identification and evaluation,combining the risk prevention theory of project investment,this paper puts forward the risk prevention measures and countermeasures of Shimen power plant,Phase Ⅲ,and from four aspects of policy,market,finance and technology,the investment risk response measures and efforts of the expansion project are described in detail.Through the research of this paper,expect to provide a reference for the risk management of the project,and in view of this project is in the early stage of research and decision-making,this paper will have a certain practical reference value.At the same time,it can provide experience and reference for similar projects to a certain extent,and during this key phrase of the electric transformation and upgrading,hopefully it can provide some reference value for controlling and lowering the investment risk of thermal power projects in China.