Abstract

Energy infrastructure construction is a top priority and focus for the Belt and Road Initiative (BRI), and this drives dramatical demand for significant energy consumption growth and investment funds in BRI countries. In response, the concept of a regional power grid of an industrial park (RPGIP) has emerged as a new energy infrastructure, where the industrial power supply, load, and grid are integrated to form a balanced and independent regional power grid. Moreover, dramatically increased market competition on the retail side of the electricity market challenges developing countries striving to achieve sustainable development of power retailers. This paper proposes that power retailers transform into energy saving companies (ESCOs) to participate in the electricity management of an RPGIP. By using a financing scheme realized by asset securitization, power retailers can smoothly participate in the construction and operation of a power system of BRI that contributes to accelerating energy infrastructure construction, the electricity management of the RPGIP, and sustainable development of power retailers in BRI countries. Furthermore, this study provides a game analysis for achieving maximum benefits of power retailers and industrial consumers in the implementation of the financing scheme.

Highlights

  • Effective energy utilization is a key to driving economic development as the power industry rapidly develops

  • According to the financing scheme, the power retailer can transform into an energy service company (ESCO), which effectively enhances the utilization efficiency of electric power and energy resources, and promotes sustainable development of the power retailer and the regional power grid of an industrial park (RPGIP) in Belt and Road Initiative (BRI) countries

  • It primarily aims at achieving sustainable development of power retailers, accelerating the construction of an RPGIP, and promoting marketization of the electric power industry in BRI countries

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Summary

Introduction

Effective energy utilization is a key to driving economic development as the power industry rapidly develops. The private sector has been encouraged by the government to participate in the power industry to help unbundle generation, transmission, and distribution services, which is desirable from a governmental perspective in terms of deregulated electricity markets, renewable energy sources integration, and promotion of power utilization efficiency [9,10]. The construction of RPGIP in BRI countries can be accelerated, and the power retailer established by either the private or public sector can participate in electricity management of the RPGIP. According to the financing scheme, the power retailer can transform into an energy service company (ESCO), which effectively enhances the utilization efficiency of electric power and energy resources, and promotes sustainable development of the power retailer and the RPGIP in BRI countries.

Current Status of Marketization in China’s Power Industry
Asset Aecuritization in Developing Countries
Financial Analysis of the Financing Scheme Implementation
Belt conveyor frequency conversion energy efficiency system technology
Steam turbine steam seal modification
E D RD Tc RE RF RM ω
Game Analysis for the Achievement of Maximum Benefits
Findings
Conclusions
Full Text
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