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What risks are involved in the project financing of Meizhou Bay Power Plant in Fujian?
1, credit risk. The credit risk faced by project financing refers to the risk that project participants cannot fulfill their agreed responsibilities and obligations.

2. Completion risk. Completion risk refers to the risk that the project cannot be completed, postponed or fails to meet the expected operating standards after completion.

3. Production risk. Production risk refers to the technical, resource reserve, energy and raw material supply, production and operation, labor conditions and other risk factors existing in the trial production stage and production and operation stage of the project.

4. Market risk. Market risk refers to whether the product quality and output can be maintained as planned at a certain cost level, as well as the risks brought by market demand and market price fluctuations.

5. Financial risks. The financial risks of the project mainly include interest rate risk and exchange rate risk in project financing.

6. Political risks. The political risk of the project can be divided into two categories: one is the national risk, such as the collapse of the existing political system of the borrowing country, the embargo on the project products, the boycott, the termination of debt repayment, etc. The other is the stability risk of national political and economic policies, such as the change of tax system, the adjustment of tariff and non-tariff trade barriers, and the change of foreign exchange management regulations.

7. Environmental risks. Environmental risk refers to the risk of adding new assets or forcing the project to stop production because of meeting the requirements of environmental laws and regulations.

The second power plant is located in Tallinn Village, dongpu town, North Shore Economic Development Zone of Meizhou Bay, Putian City. On August 2, 2009, the Fujian Provincial Government and the State Development and Investment Corporation signed the Cooperation Agreement on Accelerating the Development of Meizhou Bay (Shimen 'ao) Industrial Park and Promoting the Construction of the Economic Zone on the West Coast of the Taiwan Strait, which explicitly supported SDIC to carry out the Meizhou Bay thermal power project (2× 1000MW ultra-supercritical coal-fired unit). This project relies on the state-owned Meizhou Bay coal base, and no coal yard and coal wharf will be built. Expand 2× 1000MW ultra-supercritical high-efficiency environmental protection coal-fired units in the reserved site of Meizhou Bay Power Plant, and simultaneously build environmental protection facilities such as flue gas desulfurization and denitrification devices.

After the two major nuclear power projects in Fujian are put into production, the installed nuclear power capacity in Fujian will exceed 2 1%. Due to the poor adjustability of nuclear power and lack of operating experience, power grid dispatching and power grid security will face greater challenges. In order to ensure the safe operation of nuclear power, reasonably arrange the proportion of nuclear power and large-scale conventional thermal power projects, which is also the concrete embodiment of implementing the State Council's "Several Opinions on Supporting Fujian Province to Accelerate the Construction of the Economic Zone on the West Side of the Taiwan Strait" and "Promoting the Construction of Supercritical and Ultra-supercritical Thermal Power in a Timely Way and Laying out the Construction of Coal Transfer Bases".