Huaneng Power natural gas cogeneration project wins approval

Source: Huaneng Power International, Inc. 

Huaneng Power International, Inc. (HPI) (NYSE: HNP)  announced that Huaneng Yunnan Chuxiong natural gas cogeneration New Construction Project was recently approved by the Development and Reform Commission of the Yunnan Province. 

The Project will build 2 x 300 MW class combined-cycle gas-turbine cogeneration units. The total investment amount of the Project is estimated to be approximately RMB2.656 billion (US$422 million), of which 20 percent will be project capital to be funded by the Company. The remaining investment is to be funded by bank loans.

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