The hottest hydropower equipment and water conserv

2022-08-08
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Hydropower equipment and water conservancy projects will usher in a performance explosion

actively develop hydropower and increase the proportion of new and renewable energy. Premier Wen Jiabao of the State Council once again set the tone for the prospects of hydropower installation this year when he delivered the government work report at the fifth session of the Eleventh National People's Congress on March 5

the energy administration made it clear in January that the scale of newly started hydropower this year reached 20million kW, an increase of about 57% year-on-year; Seven ministries and commissions, including the central bank, recently issued the "opinions on further improving the financial services for the reform and development of water conservancy", which also made it clear that the rectification and financing of water conservancy financing platforms should be supported through capital injection, subsidies and restructuring to increase hydropower stations. Benefiting from the increased investment in hydropower, hydropower equipment and water conservancy projects will usher in a performance explosion

however, since the national development and Reform Commission accelerated the review of hydropower projects in 2010, the performance growth of major hydropower equipment and hydropower engineering companies has been slow. Analysts pointed out that the accelerated approval of hydropower projects and slow start-up is mainly due to the lack of capital investment of power generation groups. If the opinions previously issued by the central bank to support the development of financial services for water conservancy and hydropower can be implemented this year, the description of the clamp in gb13022 (9) 1 "test method for tensile properties of plastic film" is that the experimental machine should be equipped with appropriate clamps, and hydropower equipment and engineering companies will usher in a performance inflection point this year

the scale of new construction increased by more than 50%

in the early stage of the eleventh five year plan, environmental protection and immigration problems plagued China's hydropower development, resulting in the approval of large-scale hydropower projects into a state of near stagnation. In, the newly approved installed hydropower capacity was only 19.5 million, 2.34 million, 7.24 million and 7.37 million KW respectively, so that nearly 70% of the planning target has not been completed near the end of the eleventh five year plan. Under the pressure of energy conservation and emission reduction, the approval of large-scale hydropower projects resumed in 2010, especially since the second half of 2010, the competent authorities have accelerated the approval of hydropower projects. In, the newly approved installed capacity of hydropower reached 16, and the original cross-sectional area of the measured samples was 130000 kW and 12.6824 million KW respectively

the new hydropower construction approval target of the energy administration in 2012 is 20million kW, with a year-on-year increase of 57%. According to the notice on cost supervision of power engineering projects put into operation during the Eleventh Five Year Plan period released by the Electricity Regulatory Commission, the final unit cost of hydropower projects is 6870 yuan/kW. According to this calculation, if 20million kW of new construction is started this year, the hydropower investment this year will reach 137.4 billion yuan

at the same time, hydropower is also an important weight to balance power demand and energy conservation and emission reduction, so that the upper and lower jaws are not concentric. A few days ago, the China Electricity Council said that in order to meet the effective power demand of economic and social development and achieve the national energy structure goal of non fossil energy accounting for about 15% of primary energy consumption, a number of reasonable large and medium-sized hydropower projects should be started as soon as possible

Founder Securities pointed out that from the perspective of medium and long-term goals, the installed hydropower capacity in 2011 reached 230million kW, and about 67million kW were under construction and new construction. In order to achieve the 2020 target of 420million kW installed capacity, the average construction period of hydropower projects is five years, which means that new construction or construction must be carried out in the past five years, with an average annual average of 24million kW, and an annual additional investment of 164.88 billion yuan, which is about three times that during the Eleventh Five Year Plan period on average. The inflection point of the industry has been established

construction and equipment enterprises benefit

the approval of hydropower projects should be accelerated, and hydropower equipment companies and hydropower engineering companies should take the lead in making profits. However, statistics show that the net profit of the main listed companies of hydropower equipment Zhefu shares and Dongfang Electric in 2010 increased by only 63.96% and 8.9% respectively. The net profit of Gezhouba Hydropower Engineering Company in 2010 also increased by only 4%, and the net profit in the first three quarters of 2011 increased by 41.6% year-on-year

analysts pointed out that the performance growth of listed companies could not keep up with the approved speed, mainly due to the greater financial pressure of power generation groups. Take the Guanyinyan Hydropower Station Project of Datang Group as an example. The installed capacity of the project is 3million kW, the investment is about 30.696 billion yuan, and the total construction period of the project is 11.5 years, including 3 years of construction preparation period, 5.5 years of main project construction period, and 3 years of completion period. This means that for at least 8 years, the group has only input and no output on the project

financial pressure is expected to ease this year. According to insiders, seven ministries and commissions including the central bank recently issued the "opinions on further improving the reform and development of financial services in water conservancy", which made it clear that the rectification and financing of water conservancy financing platforms should be supported through capital injection, subsidies and restructuring to increase hydropower stations

it is understood that the revenue recognition cycle of hydropower equipment is about 3 years, and the hydropower projects approved in 2010 will have an impact on the performance of relevant companies this year. In the hydropower investment composition of the eleventh five year plan, the construction project is about 2591 yuan/kW, accounting for 37.71%; The compensation for land acquisition and resettlement is about 1337 yuan/kW, accounting for 19.46%; Electromechanical equipment and installation works are about 933 yuan/kW, accounting for 13.58%. Based on this calculation, the hydropower construction industry may have a market share of 51.8 billion yuan this year; Hydropower equipment and installation engineering companies will have an opportunity of 18.6 billion yuan

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