Huaneng plans to invest more than 530 billion yuan in Taiyuan to build a low-carbon industrial park

Huaneng Group plans to invest more than RMB 53 billion to build a low carbon recycling economy industrial park in Taiyuan. At the end of August, Zhang Bingsheng, deputy secretary of the Taiyuan Municipal Party Committee, and the mayor led a delegation to Beijing to meet with Cao Peixi, general manager of China Huaneng Group Corporation, and both parties reached preliminary intentions on the aforementioned industrial park project.
It is reported that if the project is finalized, Huaneng will invest 53.2 billion yuan, wholly-owned acquisition of Taiyuan Dongshan Coal Mine Group and the construction of four new 350,000-megawatt generating units. In addition, the industrial park also includes a coal-bed gas power generation project, a coal chemical project, and two low carbon circular economy research institutes.
At present, the senior level of the Huaneng Group has basically reached a consensus and plans to invest more than RMB 100 billion in Shanxi during the “12th and 13th” periods. Taiyuan hopes to further promote the development of clean coal power generation technology in Taiyuan and optimize the efficient use of coal through cooperation with Huaneng Group.

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