China Power International Development, in partnership with China Coal Energy, will set up a joint venture in China with a total investment of $778m.
State-owned China Power International will hold an 80% stake and China Coal will hold 20% interest in China Power Shentou Power Generating.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under the terms of the agreement, the JV will build and operate coal-fired power units in the country.
The JV will acquire two coal-fired power generation units with a capacity of 600MW from China Power’s Shentou 1 Power plant in Shanxi province and China Coal Energy will ensure sufficient supply of coal.
In addition, the two companies will cooperate in future coal-electricity projects.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
