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.