Huaneng Group, one of the mainland's five national independent power producers (IPP), plans to build a 6,000 megawatt power plant in Guangdong, according to industry sources. The gigantic project, slightly smaller than the 6,283 MW attributable capacity of Hong Kong's largest electricity supplier CLP Power, is part of Huaneng's ambition to double its installed capacity from 30,000 MW to 60,000 MW by 2010 and 120,000 MW by 2020, the sources said. The project will be constructed in phases in Zhanjiang and cost 30 billion yuan. The plant will be built by Huaneng Group, contrary to a Commercial Daily report yesterday that said it would be a project of its Hong Kong-listed flagship, Huaneng Power International. 'This is a project of our parent company, and we are not involved at all,' a spokeswoman for the H share said. UBS analyst Alice Hui Suk-fong said she expected more power cuts in the second half in Guangdong, Shanghai and Zhejiang. She said Guangdong's electricity output soared an annualised 24.7 per cent in the first four months of the year.
