Communal heat-and-power engineering: capital fund upgrading using leasing
The article provides an overview of the current state of capital funds of communal heat-and-power engineering, as well as basic principles of energy-efficient upgrading in this area. Indicated that communal heat-and-power engineering upgrading has a significant energy saving potential but it is to have a considerable state support since it is a matter of state energy and national security and at the same time it requires long-term investments and is a low profitability area. Analyzed are funding sources of such upgrading, identified that major funding source in these cases are public utility company’s own funds. Examined are place of leasing in debt financing and its advantages. Stated, that leasing is an effective financial instrument for intensified and timely conducted upgrading of durables in communal heat-and-power engineering. Suggested that major advantages of leasing here are: utility company begins to utilize a piece of equipment before buying it out, which is important with general shortage of circulating assets; and commodity form of crediting, that makes it more of a goal-oriented crediting. Analyzed are preconditions of utilizing of this financial instrument in communal heat-and-power engineering.