China Huaneng Group Signs Agreement for $2 Billion Integrated Coal-fired Power, Chemical Project

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Researched by Industrial Info Resources (Sugar Land, Texas)--China Huaneng Hulunbeier Energy Development Company Limited (Inner Mongolia) recently signed a cooperative agreement with the government of Zhenlai County of Baicheng City to build a $2 billion integrated coal-fired power and chemical project in Zhenlai County in northeastern China's Jilin Province, according to the Baicheng government's website. The company has already begun pre-stage preparation for the project.

A team from Huaneng Hulunbeier Energy is stationed at Zhenlai and has authorized North East Electric Power Design Institute to carry out pre-stage investigation.

Huaneng Hulunbeier is a fully owned subsidiary of China Huaneng Group (Beijing), a leading power producer in China. Huaneng Hulunbeier employs 27,000 people and oversees 7,800 megawatts (MW), managing the large Yiminhe and Zalainuoer coal mines, each with an annual production capacity of more than 10 million metric tons. The business scope of Huaneng Hulunbeier includes coal-fired power, heat supply, coal chemical, railway, coal-mining and hotel service. Huaneng Hulunbeier will invest $667 million to build two 600-MW coal-fired power plants with annual coal consumption of 5 million metric tons in Phase I of the proposed project in Zhenlai. The company will also invest $933 million to build two 1000-MW coal-fired power plants with annual coal consumption of 9 million metric tons, and finally $400 million to build a 600,000-ton-per-annum coal-chemical enterprise in Phase II.

Upon completion, the project will be able to convert 16 million metric tons of coal every year and serve as the main base for the coal conversion in Zhenlai.

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