Beijing, June 15, 2011 — Huaneng Power International, Inc. announced that Huaneng Jinling Combined Cycle Cogeneration Project has recently been approved by Jiangsu Provincial Development and Reform Commission.
The project will build two 200 MW class (E grade) combined cyclenatural gas turbine cogeneration units and corresponding support facilities, and the investment amount is estimated to be about $241 million, of which 25 percent will be project capital to be funded by the company, Petro China Kunlun Gas Utilization Co., Ltd., Jiangsu Guoxin Asset Management Group Co. and Nanjing Municipal Investment Co. according to the ratios of 51 percent, 21 percent, 21 percent and 7 percent, respectively. The remaining investment will be funded by bank loans.
Huaneng Power is one of China's largest listed power producers with controlled generation capacity of 54,402 MW and equity-based generation capacity of 50,935 MW. The power plants of the company are located in 18 provinces, municipalities and autonomous regions in China. The company also owns a power company in Singapore.