It is reported that Inner Mongolia Mengdian Huaneng Thermal Power Corporation posted a 10.65%YoY decrease in net profit to CNY 513 million in the first half of 2011 with earnings per share of CNY 0.259.

North United Power Cooperation, the parent company of Mengdian Huaneng Thermal Power said it will inject related assets into the listed company over the next five years in order to eliminate horizontal competition.

North United Power currently has installed power capacity of eight GW and coal reserves of 13.4 billion tons.

(Sourced from Shanghai Securities News)