A $1.36 Billion Coal Mine & Power Plant to be Constructed in Northwest China’s Gansu Province

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Researched by Industrial Info Resources (Sugar Land, Texas). A major coal complex, with an investment of $1.36 billion is to be built in Northwest China’s Gansu Province. The construction contract was signed early in July between the municipal government of Qingyang City of Northwest China’s Gansu Province and Xi’an Tianjun Energy Investment and Administration, Limited (Xi’an Municipality, Shaanxi Province, Northwest China).

This project is developed by Xi’an Tianjun Investment and Administration, Limited and Energy and Transportation Holding Company of China Huaneng Group (Beijing) cooperatively. And the preliminary investment of this project stands at $ 500 million.

The whole project includes the construction of a coal mine with capacity of 10.6 million tons per year and a coal-fired power plant with an annual power generation capacity of 1.2 million kilowatts.

This project is located in the Shajingzi Coalfield in western Huanxian County of Qingyang City, Gansu Province. The Shajinzi Coalfield is the only complete coalfield in Gansu Province that is undeveloped and covers an area of 386.56 square kilometers.

According to a survey by Chinese Ministry of Land and Resources this March, Shajingzi Coalfield covers 119 square kilometers, with 1,648 million tons of coal resources. At present, Shajingzi Coalfield has fifteen exploratory holes with a total drilling length of 6,800 meters. Eleven exploratory holes among the fifteen total have finished drilling.

This contract between the municipal government of Qingyang City of Northwest China’s Gansu Province and Xi’an Tianjun Energy Investment and Administration, Limited was signed on July 9, 2007, upon the conclusion of the Fourteenth China Lanzhou Investment and Trade Fair held in Lanzhou, the capital city of Gansu Province. This four-day investment and trade fair revealed 42 projects contracted with an overall contract value of $2.31 billion.

Early last year, Xi’an Tianjun Investment and Administration, Limited also won a bid for a three-year survey and exploration rights in the Shajingzi Coalfield at a price of $3.83 million in a public auction.

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