It is reported that China Guodian Corporation signed an agreement to provide 55% of the investment capital for the Fangjiazhuang power generation project in the Ningxia Autonomous Region.

The other partners will provide 25% and 20% of the investment capital. The installed capacity of the Fangjiazhuang power generation project is 5,200 megawatts.

Two coal fired generation units, each with capacity of 1,000 MWs, will be built in the first phase of the project. The dynamic investment in the first phase of the project is expected to reach about CNY 7.8 billion.

(Sourced from www.yicai.com)