Power Project Finance of PPP Risk Analysis Based on the Gray System Method

The power sector development is crucial to sustain the faster economic growth of the Asian region. PPP project financing becomes a main way of the power project developing. In PPP project financing schemes, effective project risk factors analysis is the key to ensure the project success. Due to lacking generally accepted evaluating standards, the effect of risk factors always becomes the focal point of project success. This paper proposes a framework for evaluating PPP project risk factors and introduces how to use the gray system comprehensive evaluation to evaluate the PPP financing basis of the problem found in the current project risk factors evaluation, and also introduces the operation steps and ways of risk factors evaluation with that method by analyzing some typical cases, finally validate its feasibility.