CHD looks to overseas market

China Huadian Corp (CHD), the nation's leading power producer, embarked on &q..." /> CHD looks to overseas market

China Huadian Corp (CHD), the nation's leading power producer, embarked on &q...">
CHD looks to overseas market

China Huadian Corp (CHD), the nation's leading power producer, embarked on "going aboard" path by launching a hydropower station in Indonesia last month.

"The project is a milestone for our global expansion. It is the first overseas project to be invested, constructed and operated by CHD," said Yun Gongmin, the company's general manager.

Located in Indonesia's North Sumatra, the hydropower plant has a 180 megawatt capacity. It began operations Aug 30, and is the second largest of its kind in Indonesia.

China Huadian Hong Kong Company, the Hong Kong-registered investment unit of CHD, offered $247 million to build the station.

The project took the China Huadian Engineering Corp 41 months to complete the construction.

CHD Power Plant Operation Co (PPOC) set up a branch in Indonesia on Aug 30 to operate and manage the hydropower station.

Jin Yingjun, PPOC general manager, said the branch is the first foreign funded company licensed to operate a power plant in Indonesia.

PPOC will be mainly engaged in operating the Asahan No 1 hydropower station and provide operating technologies to local power plants.

The Asahan No 1 station has two 90-megawatt generating units with a designed capacity of 1.18 gigawatt-hours per year.

Jin said the station is expected to solve the electricity shortage in Indonesia and will help fuel local economic growth.

"Through this project, we have developed a new model for running power stations overseas," said Yun.

"We aim to build up our team through this project and then further press ahead overseas," he continued.

Recently, the National Development and Reform Commission (NDRC) approved a plan of China Huadian Engineering Co to build a coal-fired power plant in Indonesia.

Located on Batam island, the plant will have two generators, each with an annual capacity of 65 megawatts.

CHD signed plant operation deals with Indonesia and Malaysia worth $200 million last year. The company plans to continue overseas investment, and will fund a turbine construction project in Russia.

The corporation is currently seeking to build a thermal plant in Vietnam and they are conducting the negotiation with the relevant foreign parties.

Following the establishment of a Singapore subsidiary, China Huadian Hong Kong Company will set up branches in Indonesia, Cambodia, Malaysia, Cyprus and Cayman. "We made breakthroughs after identifying the huge market potential aboard," said Yun.

Fu Weixiong, general manager of China Huadian Hong Kong Company, said the company aims to increase its total power generating capacity to 5 million kilowatts by 2013, and explore coal mine development.

The company partners with the China Africa Cooperation fund and the ASEAN fund to develop its projects.

"Multiple fundraising channels provide solid support for CHD's global expansion," said Fu.

Source:China Daily
<span style="font-size: 14pt"><span style="font-weight: bold">CHD looks to overseas market</span></span><br /> <br /> China Huadian Corp (CHD), the nation's leading power producer, embarked on &quot;going aboard&quot; path by launching a hydropower station in Indonesia last month.<br /> <br /> &quot;The project is a milestone for our global expansion. It is the first overseas project to be invested, constructed and operated by CHD,&quot; said Yun Gongmin, the company's general manager.<br /> <br /> Located in Indonesia's North Sumatra, the hydropower plant has a 180 megawatt capacity. It began operations Aug 30, and is the second largest of its kind in Indonesia.<br /> <br /> China Huadian Hong Kong Company, the Hong Kong-registered investment unit of CHD, offered $247 million to build the station.<br /> <br /> The project took the China Huadian Engineering Corp 41 months to complete the construction.<br /> <br /> CHD Power Plant Operation Co (PPOC) set up a branch in Indonesia on Aug 30 to operate and manage the hydropower station.<br /> <br /> Jin Yingjun, PPOC general manager, said the branch is the first foreign funded company licensed to operate a power plant in Indonesia.<br /> <br /> PPOC will be mainly engaged in operating the Asahan No 1 hydropower station and provide operating technologies to local power plants.<br /> <br /> The Asahan No 1 station has two 90-megawatt generating units with a designed capacity of 1.18 gigawatt-hours per year.<br /> <br /> Jin said the station is expected to solve the electricity shortage in Indonesia and will help fuel local economic growth.<br /> <br /> &quot;Through this project, we have developed a new model for running power stations overseas,&quot; said Yun.<br /> <br /> &quot;We aim to build up our team through this project and then further press ahead overseas,&quot; he continued.<br /> <br /> <span style="font-weight: bold">Recently, the National Development and Reform Commission (NDRC) approved a plan of China Huadian Engineering Co to build a coal-fired power plant in Indonesia.<br /> <br /> Located on Batam island, the plant will have two generators, each with an annual capacity of 65 megawatts.<br /> </span><br /> CHD signed plant operation deals with Indonesia and Malaysia worth $200 million last year. The company plans to continue overseas investment, and will fund a turbine construction project in Russia.<br /> <br /> The corporation is currently seeking to build a thermal plant in Vietnam and they are conducting the negotiation with the relevant foreign parties.<br /> <br /> Following the establishment of a Singapore subsidiary, China Huadian Hong Kong Company will set up branches in Indonesia, Cambodia, Malaysia, Cyprus and Cayman. &quot;We made breakthroughs after identifying the huge market potential aboard,&quot; said Yun.<br /> <br /> Fu Weixiong, general manager of China Huadian Hong Kong Company, said the company aims to increase its total power generating capacity to 5 million kilowatts by 2013, and explore coal mine development.<br /> <br /> The company partners with the China Africa Cooperation fund and the ASEAN fund to develop its projects.<br /> <br /> &quot;Multiple fundraising channels provide solid support for CHD's global expansion,&quot; said Fu.<br /> <br /> Source:China Daily<br />
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