OREANDA-NEWS. June 21, 2011. Huaneng Power International, Inc., a power producer, has received approval for the Huaneng Jinling Combined Cycle Cogeneration Project from Jiangsu Provincial Development and Reform Commission.

In this project the Company owns 51%. The Project will build two 200 MW class (E grade) combined cycle gas turbine cogeneration units and corresponding support facilities, and the investment amount is estimated to be approximately RMB1.563 billion, the company said.

Of the total investment 25% will be project capital to be funded by the Company, Petro China Kunlun Gas Utilization Co., Ltd., Jiangsu Guoxin Asset Management Group Company Limited and Nanjing Municipal Investment Company according to the ratios of 51%, 21%, 21% and 7%, respectively. The remaining investment will be funded by bank loans, the company added.