Huaneng Plans $31 Billion to Double Generation
China’s biggest electricity producer, state-owned Huaneng Group, will spend up to $31.25 billion by 2010 to more than double its generation capacity. Most will go to coal power stations, but new hydro and wind plants will also be built.
The investment will add a combined capacity of 50 GW, China View reports. The conglomerates capacity was 43.2 GW at the end of last year. Huaneng Group is aiming for a total installed capacity of more than 80 GW, with a sales revenue of $17.5 billion by 2010.
The company aims to use hydro and wind sources to produce 10-15 per cent of its energy by 2010. Most of that will come from water. Huaneng plans to build as many as eight hydro-power stations along the Lancang River in Southwest China’s Yunnan Province.
Energy Manager News
- Energy-as-a-Service: Charting a Path Through Complexity
- Demand Energy, EnerSys Complete Storage Project
- Lunera Intros Pathway and Entryway LED
- FPL to Buy and Phase Out Coal-Powered Plant, Saving Customers $129M
- Environmental, Health and Safety Software Moves Forward
- Johnson Controls: Interest, Investment in Energy Efficiency Up
- First-Ever Statewide Endorsement of Retail Supplier, by Delaware, Goes to Direct Energy
- Oberlin, Ohio, Ratepayers to Receive $2.2M in Rebates for Sale of RECs