【作者】 王姝怡；

【导师】 李春杰；

【作者基本信息】 华北电力（北京）大学 ， 技术经济及管理学， 2002， 硕士

【摘要】 项目融资作为一种重要的国际金融工具，近年来在一些大型基础设施项目特别是电力项目建设中得到了成功的运用,有力地促进了中国电力行业的发展。本文从理论和实践两方面对项目融资方式在中国电力行业的应用这一课题进行了较为系统的研究和论述。理论部分,首先介绍了项目融资的定义、基本特点和参与者，阐述了项目融资的几种常见形式，并结合电力行业的特点着重分析了项目融资的风险及其管理。 实践部分，首先对项目融资在电力行业的应用进行了回顾,论述了电力行业利用项目融资方式的必要性。并以唐山赛德热电有限公司的实例为背景,研究了中国电力行业中应用项目融资的框架合同、风险分摊及管理，讨论了利用外资项目融资电力项目中存在的电价过高的问题并提出了相应的解决措施。最后，文章从政府宏观政策和电力企业微观角度对电力行业更好的利用项目融资提出了相应的对策和建议。特别对项目融资中的TOT和ABS方式的前景进行了展望。更多还原

【Abstract】 In recent years , as an important international finance method , project finance has obtained great success in infrastructure construction especially in power industry , accelerated the development of China’s power industry greatly . This thesis , based on the subject of project finance’s application in power industry, systemically discusses and analyses this new method from two aspects of theory and practice.In the theory part, it discusses the general concept of project finance including its definition , characteristics , participants and several common forms，then explores the risk and management of project finance combined with the characteristics of power industry.In the application part , firstly ,it summarizes and reviews the history of the application of project finance in power industry ,then discourses on the necessity of project finance ’s utility in power industry .on this basis , through actual case of tangshan Sithe project , studies the framework , contracts and risk distribution and management of project finance in China’s power industry, discusses the problem of high electrovalence of the power plant established using foreign investment and proposes solving measures.Finally, the paper puts forward some suggestions and measures to widen the application of project finance from the view of both the economic policy of government and power enterprises , and especially elaborates the prospective of applying of TOT and ABS project in China’s power industry.更多还原