Huaneng Power to Invest $271 Million in Two Energy Projects
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Huaneng Power International Inc. plans to invest 1.66 billion yuan ($271 million) in a gas-power project and a wind farm in China as the nation seeks to reduce carbon-emissions from fuels such as coal.
The listed unit of China’s biggest electricity producer plans to use bank loans and internal funds to pay for a 1.21 billion yuan gas-fired distributed power plant in the Guangxi Zhuang Autonomous Region with generating capacity of as much as 237 megawatts, the Beijing-based company said in a statement to the Hong Kong stock exchange yesterday.