本文選題：境外煤礦投資 + 運(yùn)輸成本��； 參考：《華北電力大學(xué)》2013年碩士論文

【摘要】：近幾年,在“計劃電、市場煤”的大背景下,電力企業(yè)遭遇普遍虧損。其中,煤電占比越高的企業(yè),虧損面越大。這促使很多電力企業(yè)積極尋求在上游煤炭資源領(lǐng)域的話語權(quán),電力企業(yè)希望能夠控制更多的上游煤礦,開采煤炭供自己使用。 在國內(nèi)優(yōu)質(zhì)煤礦不斷減少,開采成本大幅攀升的情況下,一些電力企業(yè)在實施電力“走出去”戰(zhàn)略、開展動力煤炭進(jìn)口業(yè)務(wù)的同時,積極尋求在國外投資開發(fā)煤礦項目的機(jī)會,并考慮將煤炭運(yùn)回國內(nèi)發(fā)電。 基于上述電力企業(yè)研究投資境外自給煤礦可行性的考慮,本文首先對煤礦投資項目可行性評價方式進(jìn)行了理論研究,論述了國內(nèi)電力企業(yè)進(jìn)行境外煤礦投資項目可行性評價的特點(diǎn)。其次,本文從煤炭運(yùn)輸路徑、運(yùn)輸方式、運(yùn)輸費(fèi)用等方面全面闡述了境外煤炭運(yùn)輸體系的內(nèi)涵,論述煤炭運(yùn)輸成本核算在煤礦投資經(jīng)濟(jì)性評價體系中的重要地位。隨后,運(yùn)用數(shù)學(xué)方法推導(dǎo)出煤炭項目凈現(xiàn)金流的變化與項目財務(wù)內(nèi)部收益率的函數(shù)關(guān)系,并構(gòu)建煤炭運(yùn)輸成本核算與境外煤礦投資項目經(jīng)濟(jì)評價指標(biāo)相關(guān)性的模型。最后,通過對俄羅斯煤礦投資項目的案例分析,論述進(jìn)口俄羅斯煤炭運(yùn)輸成本核算體系,并驗證煤炭運(yùn)輸成本與項目財務(wù)內(nèi)部收益率之間的指標(biāo)線性負(fù)相關(guān)關(guān)系,提出了合理統(tǒng)籌俄羅斯煤炭運(yùn)輸方案,有效降低煤炭運(yùn)輸成本的具體對策。 毗鄰我國東北地區(qū)的俄羅斯遠(yuǎn)東地區(qū)煤炭儲量巨大,隨著我國電力企業(yè)紛紛踐行“走出去”發(fā)展戰(zhàn)略,以及俄羅斯資源開放程度進(jìn)一步提高,開發(fā)俄羅斯遠(yuǎn)東地區(qū)煤炭資源勢必成為一種趨勢。本文的研究成果將為我國電力企業(yè)評價境外煤礦投資項目的經(jīng)濟(jì)性,研究煤炭運(yùn)回國內(nèi)的運(yùn)輸成本問題提供有益參考,對我國電力企業(yè)實施境外煤礦投資具有十分重要的現(xiàn)實意義。
[Abstract]:In recent years, under the background of "planned electricity, coal market", electric power enterprises suffer general losses.Among them, the higher the ratio of coal to electricity, the larger the loss area.This has prompted many power companies to actively seek a voice in the upstream coal sector, which wants to control more upstream coal mines and exploit them for their own use.With the continuous reduction of high-quality domestic coal mines and the sharp rise in mining costs, some power enterprises are actively seeking opportunities to invest in and develop coal mining projects abroad while implementing the "going out" strategy of electric power and carrying out the import business of power coal.And consider sending coal back to China for power generation.Based on the feasibility of the above mentioned electric power enterprises to study the feasibility of investing in foreign subsistence coal mines, this paper first makes a theoretical study on the feasibility evaluation methods of coal mine investment projects.This paper discusses the characteristics of feasibility evaluation of overseas coal mine investment projects in domestic electric power enterprises.Secondly, this paper expounds the connotation of overseas coal transportation system from the aspects of coal transportation route, transportation mode and transportation cost, and discusses the important position of coal transportation cost accounting in the evaluation system of coal mine investment economy.Then, the relationship between the change of net cash flow of coal projects and the internal financial rate of return of coal projects is deduced by mathematical method, and the model of correlation between coal transportation cost accounting and economic evaluation index of overseas coal mine investment projects is established.Finally, through the case analysis of the Russian coal mine investment project, the paper discusses the cost accounting system of imported Russian coal transportation, and verifies the linear negative correlation between the coal transport cost and the internal financial rate of return of the project.This paper puts forward concrete countermeasures to reduce the cost of coal transportation in Russia as a whole.The Russian far East region, adjacent to Northeast China, has huge coal reserves. With the implementation of the "going out" development strategy by Chinese electric power enterprises one after another, and the further improvement of Russia's opening up of resources,The development of Russian far East coal resources is bound to become a trend.The research results of this paper will provide a useful reference for China's electric power enterprises to evaluate the economy of overseas coal mine investment projects and to study the transportation cost of coal back to China.It is of great practical significance for China's electric power enterprises to carry out overseas coal mine investment.
【學(xué)位授予單位】：華北電力大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F253;F426.21

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