Abstract
Energy is the focal point of “the belt and Road” investment cooperation. Because of the uncertainty factors, the safety risk of investment and construction is high, so the management and control of project is very difficult. Taking the 50M wind farm project in a South Asian country as an example, this paper constructs a safety risk assessment index system including 14 basic factors through the identification of the safety factors of “the belt and road” power investment project, and analyzes it by using the AHPfuzzy comprehensive evaluation method. The results show that the final safety risk evaluation score of a power investment project in a South Asian country belongs to the “medium risk” range. Geopolitical risk, national sovereignty risk, local legal risk and local natural environment risk are the main indicators, whose risk grade is relatively high. Finally, the paper puts forward the effective risk countermeasures and suggestions.
Highlights
Energy is the focal point of "the belt and Road" investment cooperation
The safety risks of power companies investing in power projects in the country along “the Belt and Road” mainly come from four aspects: political risk, economic risk, operational risk and natural risk, and established as the first-level index U of the risk rating index system, the four aspects are established as four subsets of U1,U2, U3, U4,and U ={ U1, U2, U3, U4 }
This result is consistent with the results of the actual investment construction risk situation of “Country-risk Rating of Overseas Investment from China”([5]) published by CASS.The conclusions of this paper support the idea that “the Belt and Road” is full of opportunities and full of risks([6]). we can do the relevant risk prevention from the following aspects: Our government should establish regular consultations and regular meeting mechanisms for regular consultations and top-level visits with countries along the route to promote China’s international relations
Summary
“The Belt and Road” construction is a major initiative put forward by China , which is to build a new all-round opening pattern and deep integration into the world economic system. Investment in the construction of power facilities can optimize the allocation of power resources along “the Belt and Road”, explore the potential of the market, promote investment and consumption, improve the efficiency of power resource development, effectively reduce the cost of power supply, create demand and employment, and achieve a win-win situation among participating countries([1]). Countries along “the Belt and Road” have high regional risks and the overall market environment is not very good([2]). The complicated political environment, imperfect laws and regulations, and large cultural differences make the construction of power engineering project along “the Belt and Road” facing great risks([3]). This paper selects the AHP-fuzzy comprehensive evaluation model to study the safety risks of the power investment project along “the Belt and Road”
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