China’s Huaneng Power International has been given the go ahead by the Jiangsu Provincial Development and Reform Commission to construct the Huaneng Jinling combined cycle cogeneration project.
The US$241 million project in which Huaneng Power holds a 51% interest will be located in Jinling, China.
Huaneng Power 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, as well as and bank loans.
The project includes construction of two 200 MW combined cycle gas turbine cogeneration units and related supporting facilities.
Huaneng Power has controlled generation capacity of 54,402MW and equity-based generation capacity of 50,935MW.
The company's power plants are located in 18 provinces, municipalities and autonomous regions of China. It also owns a power company in Singapore.
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