WIT Press


Development Of Risk Management For Power Generating Companies In Developing Countries

Price

Free (open access)

Paper DOI

10.2495/SDP150721

Volume

193

Pages

12

Page Range

859 - 870

Published

2015

Size

506 kb

Author(s)

A. Domnikov, G. Chebotareva, M. Khodorovsky

Abstract

One of the facets in the development process of power generating companies is to achieve a high level of investment potential. Taking into account the unstable development of the world economy and world-wide transformations in the global power sector, one of the lines aimed at the solution of the problem set is to improve the corporate management system for the sectorial, including investment-related, risk. This article presents a comparative analysis of alternative proprietary approaches to the assessment of risks specific for power generating companies in developing countries, which are characterised by elevated level of inflation, dearness of credit, and volatility of primary commodity markets. During the performed study, specific requirements were developed relating to the up-to-date sectorial risk management system for power generating companies in developing countries under the conditions characterised by multi-criteria nature and uncertainty of factors in business conduct.

Keywords

electric power industry, developing countries, power generating company, business competitiveness, investor attractiveness, sectorial risks, risk expert assessment, statistical distribution