Huaneng gets approval for 600 MW coal fired units

China‘s largest independent power producer has had an $800m plan for two new 600 MW coal fired units approved by the government’s regulator.

Huaneng Power International issued a statement to the Hong Kong Stock Exchange last night stating that the National Development and Reform Commission has given consent for the units at Shanxi Zuoquan power plant in the north of the country.

This week Huaneng Power revealed its third quarter net profit had fallen 79 per cent to Yuan231.7m ($36.4m) from Yuan1.12bn ($176m) a year earlier, a drop it blamed on increased costs of coal.

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