Reuters reported that Huaneng Power International, China largest power producer has obtained a regulatory approval for its CNY 2 billion coal pier project in China Jiangsu province.

Huaneng Power International said the project will significantly enhance Huaneng ability to ensure coal supply and reduce its fuel costs and operational risk. The Suzhou Port Taicang Terminal Zone Huaneng Coal Pier Construction project in which the company owns 66% and Nanjing Port Management Authority 34% had been approved by China National Development and Reform Commission.

The company will build 12 berths ranging from 1,000 dead weight tonnes to 100,000 DWT each and the project will have total annual throughput capacity of 27 million tonnes.

Total investment for the project will be CNY 2 billion of which 30% will be funded by Huaneng Power and its partner the Nanjing port authority with the remaining by bank loans. The project will also serve as a public terminal for the transshipment, storage and distribution of coal across the waterway network of Yangtze River Delta and the areas along Yangtze River.

Coal-burning power plants in China produce about 80% of national power output.

(Sourced from Reuters)