Study on Construction Management of Overseas Thermal Power EPC Project
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Abstract
As domestic demand for electricity becoming increasingly saturated and the issuing of "the Belt and the Road Initiative" by the government, a bunch of enterprises in the field of electric power strived to respond to the political policy by actively seeking opportunities of investment and construction in foreign electric power market. Even with great prosperity and strong demand, as more domestic power enterprises going outside, oversea power market is becoming more competitive. Moreover, most projects were signed in EPC Mode, which posts higher requirements for project contractual capacity and results in higher performance risk. In the project schedule of a thermal power project, construction period takes about 70% over the entire project duration, and the construction costs account for about 30%~40% of the project investment. Therefore, risk during construction is undoubtedly the greatest risk of the entire project. That's the reason why power engineering enterprises begin to pay more attention as how to improve construction management in thermal power EPC project.
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