MODERN TYPES OF FINANCING LARGE INVESTMENT PROJECTS (NUCLEAR POWER PLANT CONSTRUCTION)
https://doi.org/10.17747/2078-8886-2010-2-52-59
Abstract
Large investment projects require raising high volumes of financial resources on the long term. There is a task now set to raise private capital into the power field more actively and to develop state-private partnership. The article analyses modern types of financing: ВОО (Build - Own - Operate) and ВООТ (Build - Own - Operate - Transfer) that allow to accumulate required financial resources, reduce investment risks and combine interests of different parts participating in a project.
About the Authors
А. M. Kryukov
MEPI; Atomstroyexport
Russian Federation
Graduated from Moscow Engineering and Physics Institute. In nuclear power field since 1975. Doctor of Engineering Science, MEPI professor. IAEA expert in nuclear energy safety issues. For a number of years, worked in the European United Research Center (the Netherlands). Head of Department in Atomstroyexport, ZAO, deals with the issues of world power market analysis.
Russian Federation
Graduated from Moscow Engineering and Physics Institute. In nuclear power field since 1975. Doctor of Engineering Science, MEPI professor. IAEA expert in nuclear energy safety issues. For a number of years, worked in the European United Research Center (the Netherlands). Head of Department in Atomstroyexport, ZAO, deals with the issues of world power market analysis.
L. T. Yanko
Atomstroyexport
Russian Federation
Graduated from the Faculty of Physics of Kiev University. In nuclear power field since 1988. Worked for IAEA, in the Russian embassy in Vienna. IAEA expert in nuclear energy development issues. Now, Head of Marketing and Business Development Department in Atomstroyexport, ZAO. Deals with issues of promoting Russian high technologies on the world market.
Russian Federation
Graduated from the Faculty of Physics of Kiev University. In nuclear power field since 1988. Worked for IAEA, in the Russian embassy in Vienna. IAEA expert in nuclear energy development issues. Now, Head of Marketing and Business Development Department in Atomstroyexport, ZAO. Deals with issues of promoting Russian high technologies on the world market.
V. V. Kuhto
Atomstroyexport
Russian Federation
Graduated from Moscow Engineering and Physics Institute. In nuclear power field since 1993. Participated actively in constructing Tianwan nuclear power plant in China according to Russian design. Head of the Commercial Department in Atomstroyexport, ZAO. Deals with issues corresponding to preparing and signing agreements on constructing Russian nuclear power plants abroad.
Russian Federation
Graduated from Moscow Engineering and Physics Institute. In nuclear power field since 1993. Participated actively in constructing Tianwan nuclear power plant in China according to Russian design. Head of the Commercial Department in Atomstroyexport, ZAO. Deals with issues corresponding to preparing and signing agreements on constructing Russian nuclear power plants abroad.
References
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2. http://finance.yahoo.com, July, 2009.
3. http://www.enec.gov.ae/news, December 27, 2009.
4. Nucleanics Week, Volume 51, Number 1, January 7, 2010/
5. Merna T. and Owen G. Understanding the Private Finance Initiative, Asia Law and Practice, Hong Kong, 1998
Review
For citations:
Kryukov А.M., Yanko L.T., Kuhto V.V. MODERN TYPES OF FINANCING LARGE INVESTMENT PROJECTS (NUCLEAR POWER PLANT CONSTRUCTION). Strategic decisions and risk management. 2010;(2):52-59. (In Russ.) https://doi.org/10.17747/2078-8886-2010-2-52-59
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