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| CNOOC Unit to expand gas-fired power plant in S China |
| News Archive - Coal & Electric Power -Oct news | |
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(ChinaCoalResource, Oct 30, 2006) CNOOC Gas & Power Ltd., a unit of China National Offshore Oil Corp., has received government approval to expand a gas-fired power plant in the southern province of Guangdong, said the country's top economic planning agency Friday. The expansion of the Hengmen power plant in Zhongshan city will involve two 350-megawatt gas-fueled generators requiring a total investment of CNY2.64 billion ($334.5 million), said the National Development and Reform Commission. CNOOC Gas & Power will finance 52.7% of the investment, while the other two shareholders - Zhongshan Guanzhong Investment Co. and Hong Kong Shandian Co. - will finance 22.3% and 25% of it, respectively. The three shareholders are contracted to jointly operate the power plant for 32 years, said the NDRC. It didn't state the source of the natural gas for the power generators or the original output capacity of the power plant. CNOOC operates a natural gas pipeline from Zhuhai port in Guangdong to Zhongshan city. The pipeline has been operating since February, transporting gas from CNOOC's offshore fields to Zhongshan, the company said on its Web site. source:ChinaCoalResource |
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