It is reported that the CNY 2 billion Suzhou Huaneng Coal Port Program was approved by China National Development and Reform Commission.

Huaneng Power International which holds 66 percent share in the program said the program will lower fuel costs and operating risk for the company, particularly its coal storage and transportation bases along China eastern coast. Stored coal will supply electricity stations in eastern China and possibly reach other stations along the coast.

According to the filing, the program entails one 100,000 tonnes unloading berth, one 50,000 tonnes unloading berth, four 5000 tonnes coal loading berths and six 1000 tonnes coal loading berths.

According to Huaneng, 30% of total investment came from Huaneng Power International and Nanjin Port Management Department. Bank loans funded the rest of the project.

(Sourced from 163.com)