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Study on Public-Private Partnerships Financing Structure in Hydropower Project

The hydropower, as the renewable energy, the development strategy of which is the important part of China’s whole energy development strategy in the 12th Five-Year Plan. The insufficient capital injection of government is the main restriction factor of the hydropower development. The paper introduces the Public-Private-Partnerships (PPP) theories and practices, combining with the situations of China’s tight financing policies, sufficient private capital stock and so on, analyses the main problems on China’s hydropower financing and then builds the PPP structure to solve the problems, expounds the advantages, supports and safeguard measures of PPP structure. The paper puts forward the ideas that considering the hydropower project is quasi commonweal infrastructure, it is necessary for the governments to give rational compensation or Taxes and dues preferential policies to the SPC in order to guarantee stable cash flow and reasonable return on investment.