Hainan to Invest $8.2 Billion for Energy and Infrastructure Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to the preliminary arrangement, southern China's island province Hainan will invest $8.2 billion for 36 key energy and infrastructure projects in 2009. Of this, $2.5 billion will be spent in 2009, according to a recent statement of the Development and Reform Commission of Hainan province.

These 36 projects mainly consist of energy projects such as the 1,300-megawatt Changjiang Nuclear Power Project, which is to be built and funded by China National Nuclear Corporation (Beijing) with a total investment of $2.47 billion, China Huaneng Corporation's (Beijing) 1,400-megawatt Dongfang Power Plant with a total investment of $478 million for Phase I and $353 million for Phase II, and the $323 million Hainan Grid Cross-Sea Interconnection Project. Additionally, 51 urban sewage and garbage processing plants around the province will be constructed with a total investment of $572 million, as well as the associated local support facilities for Wenchang Rocket Drome with a total investment of $138 million.

According to the three-year fixed assets investment plan for the period from 2009 to 2011proposed by the Development and Reform Commission of Hainan Province earlier this year, 101 key projects exist that require a total investment of nearly $11 billion. The investment schedules for 2009, 2010 and 2011 will be $2.54 billion, $3.66 billion and $4.76 billion, respectively. Excluding construction acceleration for a batch of projects currently under construction such as the Urban and Township Grid Renovation Project, the Chaotanpi Wind Power Project in Wenchang County, the Eman Wind Power Project in Danzhou, and the Hainan Island Natural Gas Ring Pipeline Project, a batch of new infrastructure projects, including Sinopec's petroleum reserve base and the Machun Base of Western Oilfield to be invested by China National Offshore Oil Corporation (Beijing) will be built during this time.

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