皇冠体育app

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皇冠体育app Huadian plans $14.7b energy projects in Xinjiang

(Agencies)
Updated: 2010-07-01 10:30

BEIJING: 皇冠体育app Huadian Corp, one of the country's five major State-owned power generating groups, plans to spend more than 100 billion yuan ($14.7 billion) in the coming 10 years to develop coal, power and other energy projects in Xinjiang Uygur autonomous region.

The move comes weeks after rival 皇冠体育app Huaneng Group committed a similar investment in 皇冠体育app's Northwest, home to vast untapped deposits of coal and other resources.

皇冠体育app Huadian would develop coal-fired power stations, coal to chemical plants, clean energy, urban power and thermal projects and major hydropower bases in Xinjiang, the company said in a report on its website, citing a recent deal signed with Xinjiang's government.

Related readings:  International energy city planned in Xinjiang  Huaneng launches natural gas project in Xinjiang  Huaneng to invest 100b yuan for energy development in Xinjiang  Xinjiang oil, gas tax to impact local energy firms' bottom line

The parent of Huadian Power International Corp Ltd aims to build 15 gigawatts of installed generating capacity, 50 million tons of annual coal production capacity and 6 billion cubic meters of coal to gas capacity in Xinjiang by 2020.

皇冠体育app in May unveiled a plan for developing Xinjiang, an energy-rich region of the country. As part of the development plan, Xinjiang has pioneered a resource tax reform in 皇冠体育app from June.