Shandong Huaneng receives construction approval for Weihai Phase II project.NEW YORK--(BUSINESS WIRE)--Dec. 14, 1995--Shandong Huaneng Power Development Co. Ltd. (NYSE NYSE See: New York Stock Exchange : SH) announced today 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
Weihei Phase II consists of two new 300 MW generators. Construction will begin on these generators this month and the first of the generators, unit 3, is expected to be completed by the fourth quarter of 1997. Unit 4 is expected to be completed by the fourth quarter of 1998. Yu Xinyang, chairman of Shandong Huaneng, said: "We are pleased to have obtained formal approval from the government on the construction of the Weihai Phase II project. This plant is an important part of our company's continuing development. With the completion of the project, the installed power generating capacity of the Weihai plant will be 850 MW, of which the company's proportionate pro·por·tion·ate adj. Being in due proportion; proportional. tr.v. pro·por·tion·at·ed, pro·por·tion·at·ing, pro·por·tion·ates To make proportionate. interests will be 510 MW." While the Weihai area is experiencing rapid industrial and economic growth, the Weihai Plant is currently the only large-scale power generating plant in Weihai City. Generator unit 1 of the Weihai Plant was completed in 1993, and together with generator unit 2, the plant has a current total power capacity of 125 MW. Shandong Huaneng holds a 60% interest in the Weihai Plant, the remaining 40% interest is owned by the Weihai International Trust and Investment Corp. 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 installed power generating capacity of the plants in which the company holds interests is 1,750 MW, of which the company's proportionate ownership interest is 1,575 MW. Shandong Huaneng became the first Chinese electric power generating enterprise to be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. when it completed its initial public offering in August 1994. CONTACT: Shandong Huaneng Power Development Co. Ltd. Gao Bing, 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/Ernest Wong, 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/Beth Flom, 212/697-9191 |
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