China Power & EEE:CHINA POWER in Phase Two Plans for NEW Plants with EEE:
China Power Sets Up New Subsidiary in Northeastern China
BEIJING --February 7, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The unveiling ceremony for CPI Northeast New Energy Development Company Limited (Shenyang, China), a new subsidiary of China Power Investment Corporation (Beijing) established for the investment, development and operation of new energy projects in northeastern China, was held in mid-January in Shenyang, the capital city of northeastern China's Liaoning Province. Wang Fengxue, General Manager of China Power's Northeast Branch, and Huang Kai, Director of the Hunnan New District Administration Commission, attended.
The establishment of the subsidiary is a milestone in the development of the company's new energy businesses in the region, as well as an important measure in carrying out the nation's policy on energy conservation and emissions reduction, Wang Fengxue said. The Hunnan New District Administration Commission said it hopes the company uses the district as a starting point for its development, Huang Kai said.
China Power is one of the top five nationwide power producers in China. The new subsidiary will be responsible for the investment, development and operation of new energy projects in northeastern China. CPI Northeast Branch, as an office of CPI in the northeast, manages 23 China Power subsidiaries with a total control installed capacity of 3,900 MW in the region and is currently the largest power and heat supplier in Liaoning. In 2007, the accumulated power output of the CPI Northeast Branch reached 21.66 billion kilowatt-hours, an increase of 12.66% year over year, and the heat supply reached 23.42 million gigajoules, an increase of 22.19% year over year.
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