Financing risk assessmentof combined heat and power PPP project based on ANP-gray fuzzy judgment
In order to reduce the financing risk and ensure the smooth implementation of the project,the financing risks evaluation framework of the Combined Heat and Power PPP project constructe based on the WSR methodology firstly,and the financing risk factors are systematically classified from three dimensions of Wuli-Shili-Renli(WSR),and the evaluation index system is established.Then,the Analytic Network Process(ANP)method is used to consider the relationship between factors,and the Gray Fuzzy method is combined to construct a financing risk evaluation model for Combined Heat and Power PPP projects.Finally,taking a coal-fired cogeneration PPP project as an example,The result displayed that the financing risk level of the project is tend to significant risk,among which the risk of insufficient financing capacity,the risk of capital operation capacity and the risk of free exit mechanism are the main financing risk factors,and corresponding preventive measures are proposed according to the proportion of financing risk in the three dimensions of WSR,so as to provide reference for the financing risk management of cogeneration PPP projects.
combined heat and powerfinancing risksANP-grey fuzzy judgment