Huaneng Power International, Inc. announced that the Huaneng Yunnan Chuxiong Natural Gas Cogeneration New Construction Project in China has been approved by the government of the Yunnan Province.
The project will build two 300 MW combined cycle gas turbine cogeneration units. The total investment amount of the project is estimated to be about $421.5m, of which 20 per cent will be project capital to be funded by the company. The remaining investment is to be funded by bank loans.
Huaneng Power controls 59,078 MW of generation capacity and equity-based generation capacity of 54,167 MW. The power plants of the company are located in 19 provinces, municipalities and autonomous regions in China. The company also has a wholly-owned power company in Singapore.
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