China Huaneng Group Signs Strategic Cooperation Agreement with Ningxia Autonomous Region

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Researched by Industrial Info Resources (Sugar Land, Texas). The signing ceremony for the Framework Agreement for Strategic Cooperation in the Energy Sector between China Huaneng Group and the People’s Government of Ningxia Autonomous Region was held in Ningchuan, the capital city of Ningxia on July 26, 2007. Qi Tongsheng, party secretary and director of the Standing Committee of the People’s Congress of Ningxia Autonomous Region, and Li Xiaopeng, president of China Huaneng Group (Beijing, China), attended the ceremony.

According to the agreement, both parties will accelerate the construction of the Ningdong Taiyangshan Energy and New Material Base, and will strengthen their strategic cooperation in the energy sector based on the principles of mutual benefit and common development. The Taiyangshan Energy and New Material Base, including an integrated coal and power project, will be jointly invested by China Huaneng Group and Ningxia Power Generation Group Company, Limited (NPGGC) (Ningchuan, China). The Government of Ningxia Autonomous Region will provide full support for the collaborative projects between China Huaneng Group and NPGGC.

The signing of the framework agreement is an important action of both parties in carrying out the state’s west development strategy, promoting the conversion from the advantage in coal resources into the advantage in economy, accelerating the construction of power source in Ningdong area for “transmitting power from the west to the east,” and has very important meaning for the economic development in poverty areas such as Yanchi, Tongxin and Hongsibao, as well as the leapfrog development in the entire region.

China Huaneng Corporation, headquartered in Beijing, is an important state-owned enterprise approved by the State Council, a state-authorized investment entity and a trial enterprise of state-holding corporations, and the largest power producer in China.

NPGGC is a large-scale enterprise group under the control of the People’s Government of Ningxia Autonomous Region, mainly engaged in the development, construction and operation of thermal power generation, wind power generation, coal, wind power equipment, coal chemical industry, new material and automation instruments.

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