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Shenhua Group to invest RMB 24 bln in coal-fired power complex

Jul. 31, 2012 (China Knowledge) - Shenhua Group, the parent company of China Shenhua Energy Co Ltd<601088><1088>, said that it last week kicked off the construction of an RMB 24-billion coal-fired power complex in Wanzhou District of Chongqing Municipality.

The company said in a statement that the project is invested by Shenhua Shendong Power Co, a subsidiary of China Shenhua Energy.

The complex will include six 1-gagawatt power generators, a 10-million-ton coal reserve base and a coal wharf.

The company will invest about RMB 8 billion in the first phase of the project, the first 1-gagawatt thermal power project in Southwest China.

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