, China

Huaneng Power buys four power plants for $2.24b

Its total operational installed capacity will jump by 15,937 MW.

Huaneng Power International, subsidiary of the largest power firm in China (China Huaneng Group), inked a deal to acquire four power plants from the parent company for $2.24b (15.11 b yuan).

Once the transactions are completed, Huaneng Power International's total operational installed capacity will rise by 15,937 MW. Its equity-based operational installed capacity will jump by 13,389 MW and its capacity under construction by 3,666 MW.

Company statement says that the acquisition deal includes an 8-% equity interest in Huaneng Shandong Power Generation, the entire equity interest in Huaneng Jilin Power Generation and Huaneng Heilongjian Power Generation, and a 90% equity interest in Huaneng Henan Zhongyuan Gas Turbine Power.

Over 80% of the plants will be coal-fired, while the rest are hydro, solar, wind, and biomass plants.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!