BEIJING, Dec 27, 2005 -- Asia In Focus

 

China's leading power producer HUANENG and seven other energy and investment companies jointly launched a green coal-electricity company that takes zero discharge as its goal here on December 23. The new company will research, construct and operate China's first demonstrative power station with a near zero pollution discharge.

* Huaneng has a controlling 51 per cent stake in the new company, while the other seven partners DATANG GROUP, HUADIAN GROUP, GUODIAN GROUP, CHINA POWER INVESTMENT GROUP, SHENHUA GROUP, STATE DEVELOPMENT & INVESTMENT CORP. and ZHONGMEI ENERGY GROUP will respectively take a 7 per cent interest.

* The new company plans to build a pollution-free coal and power project involving a total investment of 5.8 billion yuan (US$718.1 million).

China's Huaneng and other energy and investment companies jointly launched a green coal-electricity company

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