Financing Capital-running of a Large Hydropower Project——10 years’ financing strategy practices in the Three Gorges Project

摘要

By summing up ten years’ decision making and practices in the Three Gorges Project(TGP)financing, this paper makes a thorough going analysis of the characteristics of financing and capital running in this large hydropower project. Meanwhile,the proposals are also presented in this paper for how to optimize the financing structure, lower the financing cost and set up a carrier for durative financing and capital running of this large hydropower project.