Huaneng International Joint Stock Company is a Beijing-incorporated power supply company, formerly known as Huaneng International Power Development. It consists of five thermal power plants in Dalian, Fuzhou, Nantong, Shangan and Shantou, with total capacity of 2.9 million megawatts.
The company is a Sino-foreign joint venture, 60 per cent owned by China Huaneng group. China Resources Holdings and China Development Investment (Hong Kong) hold a respective 10 per cent and 15 per cent.
Shandong Huaneng Electricity Joint Stock Company is also a Beijing-incorporated supply company with seven separate power companies. It consists of the power plants in Dezhou, Weihai and Jining with total capacity of one million megawatt. The company is amember of the Huaneng group.
Shandong International Power Development Company is a power supply company incorporated in Jinan, Shandong province. It originally consisted of four power and energy companies and was reorganised and merged with three companies.
The power plant operator intends to spend US$2.5 billion to boost its annual capacity to six million megawatts in 1999 from the existing three million megawatts.
The proceeds raised from the flotation will be used to feed the expansion program.
China Harbin Power Plant Equipment Group, based in the northeastern province of Heilongjiang, was established in 1984 and now claims a 40 per cent market share in China.