Financial Feasibility Study Of Sichuan M Natural Gas Distributed Energy Project

In March 15,2015,the CPC Central Committee and State Council issued several opinions on further deepening the reform of electric power system(Document No.9 in2015),which clearly put forward to develop the distributed energy system actively,and open the distributed energy market on the user side comprehensively.Natural gas distributed energy system refers to the natural gas comprehensive utilization system built at the user side or in the user’s load center.Based on CCHP technology,its operation cooperates with the power distribution network and natural gas pipeline network,and it provides the energy services such as electricity,steam,hot water and air conditioning cold water to the specific users or the users in a certain region at the same time.The system’s matching mode and capacity is determined by maximizing the resources and environment benefits and optimizing the supply and demand,with the modern energy system characteristics of high efficiency,safety,low carbon,green,centralization,elaboration and intellectualization.Through the financial feasibility study of Sichuan M natural gas distributed energy project,this thesis provides an important basis for the project’s construction stage,and it has important theoretical and engineering guidance significance.This thesis is divided into six chapters.Chapter 1 mainly studies the background,the investment project’s overview,the content framework and the main significance of this thesis;Chapter 2 mainly studies the investment environment of the natural gas distributed energy,and adopts Potter’s five analysis method to analyze the natural gas distributed energy market in Sichuan province;Chapter 3 studies the technical scheme of M natural gas distributed energy project;Chapter 4 makes the financial evaluation of the project;Chapter 5 mainly studies the risk assessment and preventive measures of the project;Chapter 6 makes a conclusion and gives some suggestions for the industry healthy and orderly development from the point of view of sustainable development.In this thesis,based on the energy data analysis of M natural gas distributed energy project,this project is planned to construct 2 sets of 60 MW gas-steam combined cycle distributed energy units with a total installed capacity of 109 MW.After the project puts into operation,the annual direct power supply is 145.2 million kWh,the electricity connected to the grid is 366.7868 million kWh,the steam sales volume is 227.7thousand tons,and the cold sales volume is 1526 thousand GJ.On the condition that the natural gas price is RMB 1.77 Yuan/m3,the sales price of the electricity connected to the Grid is RMB 613 Yuan/MWh,the sales price of the electricity supplied to the customers is RMB 560 Yuan/MWh,the cold water sales price is RMB 73.45 Yuan/GJ and the steam sales price is RMB 220 Yuan/Ton,it could be calculated out that the project internal rate of return of investment is 8.39%,its investment net present value is RMB 25.9509 million(the benchmark yield is 8%),its internal rate of return of capital is 12.5%,and its capital net present value is RMB 64.4084 million(the benchmark yield is 10%).The above data meet the relevant investment standards and it proves that this project owns investment feasibility.In the meanwhile,through the sensitivity analysis of natural gas price,electricity prices,heating(and/or cooling)sales price and the total investment,it could be got the result that this project has a strong ability to resist risks.