For the period of the Tenth Five-Year Plan, the Company has initially the following assets development plans:
- To tie in with the State's strategy concerning the"West-to-East Gas Pipeline Project" and to align with the State's policies in reforming the power production structure, enhancing peak load adjustability of the grids, improving the environment and people's living standards and ensuring a sustainable economy, the Company plans to build two advanced combined cycle gas turbine power plants in Shanghai and Jinling, respectively, with capacity of 1,200MW each.
- The Company plans to develop large-scale coal-fired power plants adjacent to coal mines and road hubs. Upon completing the two 660MW units of the Dezhou Power Plant Phase III, the Company plans to expand the Shangan Power Plant Phase III to build two domestically made coal-fired 600MW units. The Company strives to obtain the approval of the government authorities concerned for the expansion plan and to commence construction work within two years.
- In line with the State Development Planning Commission’s policy of “closing down small and inefficient thermal units?, in order to maintain and expand its market share in Shandong province, the company decided to invest in the expansion project of Huaneng Jining Power Plant for the construction of two 135 MW units, which will adopt Circulating Fluidized Bed (CFB) technology, making it an environmental friendly project.
- Following the same acquisition model as the Shanghai Power Plant, the Nanjing Power Plant and Shandong Huaneng, the Company will continue to acquire power plant assets from HIPDC and the Huaneng Group, if and when the conditions are advantageous, in accordance with the Company's "right of first refusal". Meanwhile, as the State gradually implements its power system reforms, the Company will capitalize on the situations and seek other acquisition opportunities as well as other avenues of securing high-quality power generation assets.
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