China Huadian New Energy Development Co Ltd will try to add another 0.822 GW of wind power production capacity this year, which would add up to a total production of 1 GW, according to a company statement published on its website today.
Huadian Power International Corp, a unit of China's fourth-biggest power generator, said its board approved the purchase of a 100-percent stake in Hebei Huarui Energy Co from 12 Chinese individuals for 729 million yuan (US$107 million).
China Huadian Engineering Co has signed a US$130 million engineering, procurement and construction contract with PT Tanjung Kasam Power to build a power plant on Indonesia's Batam island, Bisnis Indonesia reported.
Huadian Power International Corp Ltd reported a net loss of 507.64 million yuan ($74.19 million) in the first half, compared with net profit of 565.42 million a year earlier, as soaring coal costs overwhelmed a big increase in power output.
China Huadian Corp, one of the country's five leading power companies, yesterday said it would invest 485.64 million yuan to develop a wind power project in the Inner Mongolia autonomous region.