Economy of Regions · 2014 · 15 citations · 0 references
ManagementFinanceFinancial ManagementCapital BudgetingEnergy EconomicsProject FinanceCapital Budgeting For ProjectsEnergy Project FinanceFinancing StrategiesOptimization In EconomicsPower Sector EconomicsProject FinancingEnergy Infrastructure FundingFunding Structure DesignInvestment AttractivenessLong-term Financial SustainabilityOptimal Capital BudgetOptimal InvestmentOptimization Of Financing StructuresPower Generation
The development of modern Russian energy collides with the need for major investments in the modernization and renewal of generation and transmission capacity. In terms of attracting sufficient financial resources and find ways to increase, energy sector profitability and investment attractiveness of particular importance is the problem of investment financing optimizing aimed at minimizing the cost of financing while maintaining financial stability of the power companies and the goals and objectives of Russian energy system long-term development. The article discusses the problem of investment projects financing in power generation from the point of view of the need to achieve optimal investment budget. Presents the author's approach to the investment financing optimization of power generation company that will achieve the minimum cost of resources involved, taking into account the impact of the funding structure for the power generating company financial sustainability. The developed model is applied to the problem of investment budget optimizing, for example, regional power generating company. The results can improve the efficiency of investment in energy, sustainable and competitive development of regional energy systems.