Shandong Huaneng Power Development receives approval for Weihai Phase II.NEW YORK--(BUSINESS WIRE)--Sept. 28, 1995--Shandong Huaneng Power Development Co. Ltd. (NYSE NYSE See: New York Stock Exchange : SH) today announced that it has received approval from the Chinese Government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
The company holds a 60% interest in the Weihai Plant, the remaining 40% of which is owned by Weihai International Trust and Investment Corporation. Phase II is planned to consist of two 300 MW generators. Completion of the first generator, Unit 3, is expected by the fourth quarter of 1997, while completion of Unit 4 is expected by the fourth quarter of 1998, subject to the approval by the Government and the availability and timely delivery of turbines and generators. Xu Fangjie, chairman of Shandong Huaneng, said: "We are delighted to obtain the approval from the Government on the construction of the Weihai Plant Phase II project." "The Weihai Plant is the only large-scale power generating plant in the Weihai City. In view of the rapid industrial and economic growth of the city in recent years, it is expected that Weihai will continue to be an increasing source of demand for electric power." The company's share of planned on-grid output of the Weihai Plant for 1995 is approximately 830,000 MWh. Shandong Huaneng Power Development Co. Ltd. currently holds interests in three power plants, which include the Dezhou Plant (100%), Jining Plant (75%) and Weihai Plant (60%) in Shandong province in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The total installed power generating capacity of the plants is 1,750 MW, of which the company's proportionate ownership interest is 1,575 MW. CONTACT: Shandong Huaneng Power Development Co. Ltd. Gao Bing, 86-531-295-3743 or Shandwick Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. Limited, Hong Kong Ellen Kong/Winnie Sze, 852-2845-1008 or Golin/Harris, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Allan Jordan, 212/309-0613 |
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