The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development

The article provides the analysis of current finance mechanisms of developing power systems in the context of acute necessity to start a new investment cycle. It draws a conclusion that state policy in the field of power engineering cannot foster the development of such mechanisms of its financing a...

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Autor principal: V. I. Loktionov
Formato: article
Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2021
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Acceso en línea:https://doaj.org/article/9794875983714071acd5211c23ee16b3
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spelling oai:doaj.org-article:9794875983714071acd5211c23ee16b32021-11-15T05:20:51ZThe New Investment Cycle: Current Finance Mechanisms of Power Engineering Development2413-28292587-925110.21686/2413-2829-2021-5-64-77https://doaj.org/article/9794875983714071acd5211c23ee16b32021-10-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/1164https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article provides the analysis of current finance mechanisms of developing power systems in the context of acute necessity to start a new investment cycle. It draws a conclusion that state policy in the field of power engineering cannot foster the development of such mechanisms of its financing as state subsidies on purchase and installation of equipment, contracts on buying electricity and power-service contracts. The analysis of extra opportunities of raising investment showed expediency of developing green mechanisms of financing power engineering in Russia and motivating power companies to conduct IPO. The authors put forward recommendations aimed at attaining the acute objective to develop and implement key initiatives promoting the start of a new investment cycle in order to raise funds for modernizing the existing power projects and opening new ones in accordance with higher ecological requirements. For example, to stimulate the growth of Russian companies' IPO and realize the investment potential of the Russian stock market the Central Bank of the Russian Federation and the Ministry of Economic Development study the possibility to introduce new tax preferences for investors and companies entering the market, which could ensure institutional support for investors and issuers.V. I. LoktionovPlekhanov Russian University of Economicsarticleinvestmentsustainable power engineeringgreen financeipoEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 5, Pp 64-77 (2021)
institution DOAJ
collection DOAJ
language RU
topic investment
sustainable power engineering
green finance
ipo
Economics as a science
HB71-74
spellingShingle investment
sustainable power engineering
green finance
ipo
Economics as a science
HB71-74
V. I. Loktionov
The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development
description The article provides the analysis of current finance mechanisms of developing power systems in the context of acute necessity to start a new investment cycle. It draws a conclusion that state policy in the field of power engineering cannot foster the development of such mechanisms of its financing as state subsidies on purchase and installation of equipment, contracts on buying electricity and power-service contracts. The analysis of extra opportunities of raising investment showed expediency of developing green mechanisms of financing power engineering in Russia and motivating power companies to conduct IPO. The authors put forward recommendations aimed at attaining the acute objective to develop and implement key initiatives promoting the start of a new investment cycle in order to raise funds for modernizing the existing power projects and opening new ones in accordance with higher ecological requirements. For example, to stimulate the growth of Russian companies' IPO and realize the investment potential of the Russian stock market the Central Bank of the Russian Federation and the Ministry of Economic Development study the possibility to introduce new tax preferences for investors and companies entering the market, which could ensure institutional support for investors and issuers.
format article
author V. I. Loktionov
author_facet V. I. Loktionov
author_sort V. I. Loktionov
title The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development
title_short The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development
title_full The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development
title_fullStr The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development
title_full_unstemmed The New Investment Cycle: Current Finance Mechanisms of Power Engineering Development
title_sort new investment cycle: current finance mechanisms of power engineering development
publisher Plekhanov Russian University of Economics
publishDate 2021
url https://doaj.org/article/9794875983714071acd5211c23ee16b3
work_keys_str_mv AT viloktionov thenewinvestmentcyclecurrentfinancemechanismsofpowerengineeringdevelopment
AT viloktionov newinvestmentcyclecurrentfinancemechanismsofpowerengineeringdevelopment
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