Huaneng Power has been given a go signal by the Jiangsu Provincial Development and Reform Commission to construct the Huaneng Jinling combined cycle cogeneration project.
The $240.79 million project in which Huaneng Power holds a 51% interest will be located in Jinling, China.
Huaneng Power International will fund about 25% of the project cost and the remaining expenditures will be funded through loans from PetroChina Kunlun Gas Utilization, Jiangsu Guoxin Asset Management Group and Nanjing Investment Company.
The project includes construction of two 200MW combined cycle gas turbine cogeneration units and related supporting facilities.
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