Two new Chinese power projects have been announced and investors are being sought for a third which, all combined will account for 3050 MW of additional electricity production.
The largest of the three will be the plant to be built in Feixian County, Shandong Province. The plant will cost an estimated 9.5bn yuan ($1.1bn). It will be equipped with four 600 MW large-capacity, high-efficiency, high-regulatory and water-efficient coal-fired generating units. The power plant will not only meet the demand for the immediate area but will also serve other parts of the province.
Zhengzhou, capital city of central China’s Henan Province, plans to construct a naturalgas-fired station. The station is designed to install two 300 MW gas and steam combination circulating units.
Static investment in the project is estimated to be 2.665bn yuan ($322m), and dynamic investment, 2.764bn yuan. Of the static investment, 25 per cent will be registered capital, half of which will be provided by the Henan Provincial Power Company in RMB yuan and half by Exxon Energy Co., Ltd of the United States in US dollar.
It is reported that the two parties have signed a letter of intent on launching a joint venture. The rest of the investment will come from bank loans. The Henan provincial branches of the Bank of China and the China Construction Bank have shown the intention of providing the loans.
The management committee of the Hefei Economic and Technical Development Zone in Hefei, capital city of East China’s Anhui Province, is seeking a co-operation partner for a thermal power project. Estimated to cost $30m, the project will have two 25 MW condensing turbine units and three 130 tons/hour boilers. The form of co-operation may be a contractual joint venture.