China Corporation to build power providers

On August 20, deputies from the corporation and the government signed a letter of intent. According to the agreement, the government promised to provide a more favorable investment environment and related preferential policies to help the corporation to carry out power projects in Hebei.

On the same day, the China Guodian Corporation North Company concluded another letter of intent with the Hebei Provincial Construction Investment Corporation, aiming to invest in the third phase construction of the Hengshui Power Plant. Wu stressed that the province was still short of power, even though the temperature is not very high and rainfall has been relatively sufficient to date.

The Chinese power newspaper, Zhongguo Dianli Bao, reported that there are four thermopower projects being conducted by the China Guodian Corporation in the province. The four projects, probably including the upgrades of the Luanhe Power Plant, the Longshan Power Plant, the Handan Thermopower Plant and the Hengshang Power Plant, require a combined total investment of about RMB 20 bln (USD 2.42 bln) and will create an overall installed capacity of 4.4 mln kW, the official noted.

Recently, the Guodian Corporation signed a general agreement with Henan Province on a series of power projects. The corporation was given the permission to invest in the Minquan Power Plant situated in the city of Shangqiu, the Wanxi Power Plant located in the city of Nanyang, the Yima Power Plant and Yanchi Power Plant both sited in the Sanmenxia City, the Zhumadian Power Plant in Zhumadian City, and the Jiulishan Power Plant and Xiziling Power Plant in Jiaozuo City, each of which would be increased in capacity by 1.2 mln kW.

Meanwhile, the corporation also planned to purchase stakes in the upgrade projects at the Gucheng Power Plant in the city of Zhumadian (two 600,000 kW generator units) and the Yuyuan Thermo Power Co., Ltd (two 135,000 kW generator units).