title: ÐÑÐµÐ½ÐºÐ° Ð¸Ð½Ð²ÐµÑÑÐ¸ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ Ð¿ÑÐ¸Ð²Ð»ÐµÐºÐ°ÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸ Ð²Ð»Ð¾Ð¶ÐµÐ½Ð¸Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð² Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð°ÑÐ¸Ñ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾ÐºÐ° Ð¢-100 Ð² ÑÐ°Ð¼ÐºÐ°Ñ Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ñ ÐÐÐ-2
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð±Ð°ÐºÐ°Ð»Ð°Ð²ÑÐ°
titleType: Subtitle
title: Evaluation of investment attractiveness of capital investment in the modernization of the heating unit T-100 under the CDC-2 program
Creators: name: Ð¨ÑÐ½ÑÐµÐ², ÐÐ¼Ð¸ÑÑÐ¸Ð¹
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2020
Subjects: Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð°ÑÐ¸Ñ
Ð¸Ð½Ð²ÐµÑÑÐ¸ÑÐ¸Ð¾Ð½Ð½ÑÐ¹ Ð¿ÑÐ¾ÐµÐºÑ
ÑÑÑÐ±Ð¸Ð½Ð°
ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾Ðº
ÑÐµÐ¿Ð»Ð¾ÑÐ»ÐµÐºÑÑÐ¾ÑÐµÐ½ÑÑÐ°Ð»Ñ
ÑÐµÐ¿Ð»Ð¾ÑÐ½Ð°Ð±Ð¶ÐµÐ½Ð¸Ðµ
ÑÐ½ÐµÑÐ³ÐµÑÐ¸ÐºÐ°
ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÑ Ð¿ÑÐ¾ÐµÐºÑÐ°
ÑÐµÐ³Ð»Ð°Ð¼ÐµÐ½Ñ ÐÐÐÐÐ¾Ð´ (ÐÐÐ â 2)
ÐºÐ°Ð¿Ð¸ÑÐ°Ð»ÑÐ½ÑÐµ Ð²Ð»Ð¾Ð¶ÐµÐ½Ð¸Ñ (CAPEX)
Ð²ÑÑÐ°Ð±Ð¾ÑÐºÐ°
Ð°Ð½Ð°Ð»Ð¸Ð·
modernization
investment project
turbine
power unit
coogeneration plant
heat supply
energetics
effectiveness of the project
commod rules (CDC â 2)
capital expenditures
generation
analysis

description: Ð¢ÐµÐ¼Ð° Ð²ÑÐ¿ÑÑÐºÐ½Ð¾Ð¹ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ: Â«ÐÑÐµÐ½ÐºÐ° Ð¸Ð½Ð²ÐµÑÑÐ¸ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ Ð¿ÑÐ¸Ð²Ð»ÐµÐºÐ°ÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸ Ð²Ð»Ð¾Ð¶ÐµÐ½Ð¸Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð² Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð°ÑÐ¸Ñ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾ÐºÐ° Ð¢-100 Ð² ÑÐ°Ð¼ÐºÐ°Ñ Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ñ ÐÐÐ-2Â». 
ÐÐ°Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¿Ð¾ÑÐ²ÑÑÐµÐ½Ð° Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð½ÐµÐ¾Ð±ÑÐ¾Ð´Ð¸Ð¼Ð¾ÑÑÐ¸ Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð°ÑÐ¸Ð¸ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾ÐºÐ° Ð¢ â 100 Ð¸ Ð¾ÑÐµÐ½ÐºÐµ ÐµÐ³Ð¾ ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸. ÐÐ»Ñ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð¸Ñ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð±ÑÐ»Ð¸ Ð¿Ð¾ÑÑÐ°Ð²Ð»ÐµÐ½Ñ Ð·Ð°Ð´Ð°ÑÐ¸: 
1. ÐÐ·ÑÑÐµÐ½Ð¸Ðµ ÑÐµÐºÑÑÐµÐ³Ð¾ ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¾Ð³Ð¾ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ñ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½ÑÑ Ð¼Ð¾ÑÐ½Ð¾ÑÑÐµÐ¹ Ð Ð¤. 
2. ÐÑÐµÐ½ÐºÐ° ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐ¾Ð² Ð²Ð²Ð¾Ð´Ð° Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð¸ÑÐ¾Ð²Ð°Ð½Ð½Ð¾Ð³Ð¾ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾ÐºÐ° Ð¢ - 100. 
3. ÐÑÐµÐ½ÐºÐ° ÑÑÐ²ÑÑÐ²Ð¸ÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸ Ð²Ð»Ð¾Ð¶ÐµÐ½Ð¸Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ðº Ð²Ð½ÐµÑÐ½Ð¸Ð¼ ÑÐ°ÐºÑÐ¾ÑÐ°Ð¼. 
ÐÐ±ÑÐµÐºÑÐ¾Ð¼ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ²Ð»ÑÐµÑÑÑ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½ÑÐ¹ ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾Ðº Ð¢ â 100. Ð ÑÐ¾Ð´Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð±ÑÐ» Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸ ÐµÐ³Ð¾ Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð°ÑÐ¸Ð¸ Ð·Ð° ÑÑÐµÑ Ð²Ð»Ð¾Ð¶ÐµÐ½Ð¸Ñ ÑÑÐµÐ´ÑÑÐ²Ð° Ð² ÑÐ°Ð¼ÐºÐ°Ñ Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ñ ÐÐÐÐÐ¾Ð´, ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐ°Ð½Ð° ÑÐ°ÑÑÐµÑÐ½Ð°Ñ Ð¼Ð¾Ð´ÐµÐ»Ñ Ð½Ð° Ð¾ÑÐ½Ð¾Ð²Ðµ Ð¼ÐµÑÐ¾Ð´Ð° Ð§ÐÐ Ñ ÑÑÐµÑÐ¾Ð¼ CAPEX max Ð¸ CAPEX min.
ÐÐ¾ ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐ°Ð½Ð½Ð¾Ð¹ ÑÐ°ÑÑÐµÑÐ½Ð¾Ð¹ Ð¼Ð¾Ð´ÐµÐ»Ð¸ ÑÐ´ÐµÐ»Ð°Ð½ Ð¿ÑÐ¾Ð³Ð½Ð¾Ð· Ð²ÑÑÑÑÐºÐ¸ Ð¸ Ð·Ð°ÑÑÐ°Ñ Ð½Ð° Ð¼Ð¾Ð´ÐµÑÐ½Ð¸Ð·Ð°ÑÐ¸Ñ ÑÐµÐ¿Ð»Ð¾ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ ÑÐ½ÐµÑÐ³Ð¾Ð±Ð»Ð¾ÐºÐ° Ð¢ - 100. Ð Ð°ÑÑÑÐ¸ÑÐ°Ð½Ð° ÑÐ¸ÑÑÐ°Ñ Ð¿ÑÐ¸Ð²ÐµÐ´ÐµÐ½Ð½Ð°Ñ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ Ð¿ÑÐ¾ÐµÐºÑÐ°, Ð¸Ð½Ð´ÐµÐºÑ Ð´Ð¾ÑÐ¾Ð´Ð½Ð¾ÑÑÐ¸, Ð²Ð½ÑÑÑÐµÐ½Ð½ÑÑ Ð½Ð¾ÑÐ¼Ð° Ð´Ð¾ÑÐ¾Ð´Ð½Ð¾ÑÑÐ¸ Ð¸ Ð¿ÑÐ¾ÑÑÐ°Ñ Ð½Ð¾ÑÐ¼Ð° ÑÐµÐ½ÑÐ°Ð±ÐµÐ»ÑÐ½Ð¾ÑÑÐ¸. ÐÑÐ»Ð° ÑÐ°ÑÑÑÐ¸ÑÐ°Ð½Ð° ÑÑÐ²ÑÑÐ²Ð¸ÑÐµÐ»ÑÐ½Ð¾ÑÑÑ Ð§ÐÐ Ðº ÑÑÐ°Ð²ÐºÐµ Ð´Ð¸ÑÐºÐ¾Ð½ÑÐ¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ Ð¸ ÑÑÐ¾ÐºÑ ÑÐºÑÐ¿Ð»ÑÐ°ÑÐ°ÑÐ¸Ð¸. ÐÑÐ»Ð° ÑÐµÐºÐ¾Ð¼ÐµÐ½Ð´Ð¾Ð²Ð°Ð½Ð° Ð´Ð°Ð»ÑÐ½ÐµÐ¹ÑÐ°Ñ ÑÐµÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ Ð¿ÑÐ¾ÐµÐºÑÐ°.
description: The topic of the graduate qualification work: "Evaluation of investment attractiveness of capital investment in the modernization of the heating unit T-100 under the CDC-2 program". 
This paper is devoted to the study of the necessity to modernize the heating unit T-100 and its efficiency assessment. In order to conduct research tasks were set:
1. Studying of the current technical condition of the heating capacities of the Russian Federation.
2. Assessment the results of commissioning of the modernized heating unit T - 100.
3. Evaluation of sensitivity of capital investment to external factors.
The object of this research is a heating unit T â 100. During the research was carried out an analysis of the effectiveness of its modernization by investing under the COMMod program, was developed a calculation model based on the NPV considering CAPEX max and CAPEX min.
The forecast of revenues and costs for the modernization of the heating unit T â 100 was made based on the developed calculation mode. The net present value, profitability index, internal rate of return and simple rate of return of the modernization project were calculated. The sensitivity of the NPV to the discount rate and operating life was calculated. Further realization of the project was recommended.