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Wang Binghua: power out of order to do not make money, earn shouting project can

author:XiangGuo Group time:2017-05-05

The first financial reporter from the national electricity investment in the June 27 held in Zhuhai, Guangdong, the international development work conference was informed that the state power investment first chairman Wang Binghua talked about the company "going out" to remind: in the negotiation project Project signing stage, the bottom line is the insurance benefits, risk control, a moment can not talk about, you can talk slowly, but do not make money, earn shouting project can not do.

The two major characteristics of the power industry are: First, the amount of investment, large-scale thermal power, nuclear power projects at times billions; Second, the project cycle is long, the power project cycle generally takes several decades.

June 15, China Power International Cooperation Association of enterprises and international production capacity cooperation seminar held in Beijing. National Development and Reform Commission Deputy Secretary-General Cheng Jianlin said in his speech, since last year, as the State Council to determine the international production capacity of key industries, power international production capacity has achieved remarkable results, a number of major projects made positive progress.

But he also pointed out that China's power companies "going out" to carry out international production capacity of the pace of cooperation still need to accelerate, the potential still need to release, the level and ability still need to improve, the order still need to regulate.

With the support of the Chinese government, in 2015, China's power industry will continue to optimize and upgrade, and the pace of nuclear power, thermal power, wind power, hydropower and photovoltaic power generation will continue to accelerate and face new challenges and opportunities.

To thermal power, for example, the State Power Investment, Huaneng Group, Datang, Guodian five power generation groups in 2015 to continue to enter overseas. Data show that in June 2015, China's thermal power export delivery value of 303686.00 thousand yuan, an increase of 150.90%; from January to June 2015 China's thermal power export delivery value of 1771916.00 thousand yuan, an increase of 651.24%. To 600,000 kilowatts unit as the main force of thermal power export models, all over India, Indonesia, Turkey and other emerging countries took the Chinese thermal power equipment technology "going out" pace.

China has now become a veritable power equipment manufacturing power. In 2014, the power equipment manufacturing industry to achieve the total industrial output value of more than 5 trillion, the main business income of 5.33 trillion yuan, profits of 311.2 billion yuan, total imports and exports 164.9 billion US dollars.

With the implementation of the "one by one" plan, China will promote the infrastructure construction of neighboring countries through cooperative investment. Energy cooperation will be based on energy projects, engineering construction, equipment manufacturing and other fields, the power equipment may be the whole set of equipment or even the total Contract, the operation of the project in the form of exports, the future power equipment overseas market space is vast.

National electric investment in Osaka, Japan, Hong Kong, the photovoltaic project

January 5, 2015, the State Council Premier Li Keqiang visited the Guangdong Provincial Electric Power Design Institute mentioned to digest the domestic excess capacity, to achieve the goal of power equipment to go out. And thermal power is China's current domestic production capacity is relatively surplus industry, and international coal prices stable, "going out" will greatly promote the relevant infrastructure construction, driven by domestic thermal power equipment exports, bringing strong growth point.

After years of development, power equipment manufacturing industry has formed a relatively complete industrial chain, processing and manufacturing capacity, the price advantage is obvious. China has made a major breakthrough in the field of large-scale power generation units, power generation, power transmission equipment, the technical level and the international level is almost the same, some products have reached or exceeded the international leading level.
China Electric enterprises in the "going out" another major advantage is the money. "Whether it is the power industry, the mining industry, in general, the ability to build large projects are state-owned enterprises. State-owned enterprises themselves have a lot of competitive advantage, it can enjoy the government's financial support, in particular, some policy banks will give some Relatively low government discount loans, which for the state-owned enterprises to provide a strong guarantee of funds. "Chinese Academy of Social Sciences Institute of West Asia and Africa researcher He Wenping said in an interview last year.

Chinese enterprises "going out" and international success of the many examples, but also a lot of examples of failure. In recent years, experience has proved that, as individual enterprises of the internationalization of the line too long, anxious, deviated from the strategic planning of enterprises, beyond the actual capacity of enterprises, from the enterprise risk control, and ultimately plunged into their own quagmire.

Wang Binghua at the meeting for example, the past learned that Chinese enterprises in overseas investment, do not understand the local political, economic, legal and other basic rules, do not understand the national culture, customs, social customs and other basic forms, blindly enter, Going out "an important reason for failure.

Wang Binghua in view, to succeed "going out", we must integrate into the target country's society and the market to adapt to the local "rules of the game", respect for local folk culture, enterprises in overseas to "do as the Romans."

In addition, Wang Binghua also believes that enterprises are also facing technical risks, management risks, financial risks, cultural integration risks and other internal risks, these risks focus on the whole process of project implementation. "A Finnish EPR nuclear project will be delayed, you can transnational nuclear energy company Areva down, had to sell assets to save themselves."

The first financial reporter in the national electric investment at the above meeting learned that, as one of China's five major power generation group, the national power investment in the international development of the overall tone is "insist on steady progress, sustainable development, a mature, The theme of the work will be the implementation of the Group "thirteen five" international development plan, do a good job of the implementation of foreign projects.

National electric investment in Turkey's Atlas project

July 15, 2015, the national electric vote officially held in Beijing announced the establishment of the opening. The national electricity was reorganized by China Electric Power Investment Corporation and the national nuclear power technology company. State investment in total assets of 722.3 billion yuan, the total number of employees nearly 14 million people, is the only one at the same time have hydropower, thermal power, nuclear power, new energy assets of the integrated energy enterprise groups. After the integration of the national electric investment outside the scope of business covering Japan, Australia, Malta, Turkey, Brazil, South Africa, Myanmar and other 35 countries and regions, involving power project investment, technical cooperation, project contract construction. State Electric has its seven listed companies, including two Hong Kong red chips and five mainland A shares of the company.
Reporters learned at the meeting, over the past year, the state investment in foreign investment mergers and acquisitions have made important progress, the Pacific hydropower company and Tragg wind power company completed the acquisition, CAP1400 independent nuclear power technology "going out" deep forward, overseas power engineering contract continues to expand, overseas The company and 13 overseas offices have been established and deployed in place. "Overall, the Group's international development has achieved a good start."