Huaneng Power Investing in Co-Generation Power Projects to Promote Clean Energy Development in China - Deal Analysis

Huaneng Power Investing in Co-Generation Power Projects to Promote Clean Energy Development in China - Deal Analysis
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Summary

Huaneng Power International, Inc. (HPI), a power generation company, agreed to invest approximately CNY1,388m ($227.74m) in the construction and development of Liaoning Huaneng Yingkou Xianrendao co-generation power project (Xianrendao power plant) in Jiangsu Province, China. The funding of this co-generation project is in line with the Chinese government’s policy on clean energy development, which promotes the building and expansion of high-efficiency, low-emission power generation technology. According to a document released in October 2011, the Chinese government expressed a strong desire to promote the widespread deployment of gas-fired Combined Cooling, Heating and Power (CCHP).

Scope

  • The information related to Huaneng Power International, Inc. announcing an investment of $227.74m for the construction and development of Xianrendao power plant in Jiangsu Province, China
  • Key drivers of the deal
  • Rationale of the deal
  • A brief on Huaneng Power International, Inc.

Reasons to Buy

  • Understand the reasons for the investment
  • Understand the response from the markets
  • Understand the impact of the deal on Chinese power market

Date Published

January, 2014

Format / Pages

PDF / 10