Optimization of finances into regional energy

Aleksey Domnikov (), Mikhail Khodorovskiy () and Pavel Khomenko ()
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Pavel Khomenko: Ural Federal University named after the first President of Russia B. N. Yeltsin

Economy of region, 2014, vol. 1, issue 2, 248 - 254

Abstract: The development of modern Russian energy collides with the need for major investments in the modernization and renewal of generation and transmission capacity. In terms of attracting sufficient financial resources and find ways to increase, energy sector profitability and investment attractiveness of particular importance is the problem of investment financing optimizing aimed at minimizing the cost of financing while maintaining financial stability of the power companies and the goals and objectives of Russian energy system long-term development. The article discusses the problem of investment projects financing in power generation from the point of view of the need to achieve optimal investment budget. Presents the author’s approach to the investment financing optimization of power generation company that will achieve the minimum cost of resources involved, taking into account the impact of the funding structure for the power generating company financial sustainability. The developed model is applied to the problem of investment budget optimiz ing, for example, regional power generating company. The results can improve the efficiency of investment in energy, sustainable and competitive development of regional energy systems.

Keywords: investments; power generation company; financial sustainability; debt financing; optimization model (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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