Huadian Group Enters Hainan New Energy Field

On March 1st, at the signing ceremony of the cooperation memorandum between the People's Government of Hainan Province and the State-owned Assets Supervision and Administration Commission of the State Council and the symposium on deepening cooperation between the Hainan Provincial People's Government and the Central Government of China, Huadian New Energy Development Co., Ltd. and the People’s Government of Chengmai County, Hainan Province signed the “Hainan” The Agreement on Investment in the Oldest Distributed Energy Project of Huadian Electric Power Co., Ltd. marked the substantial breakthrough made by Huadian Group in Hainan New Energy Power Market.

Director of the State-owned Assets Supervision and Administration Commission of the State Council Wang Yong, party secretary of the Hainan Provincial Party Committee, Provincial People’s Congress Standing Committee Luo Baoming, deputy secretary of the Provincial Party Committee and Governor Jiang Dingzhi attended the ceremony and delivered speeches. The general manager of the Huadian Group, the cloud citizen and other central business leaders were invited to attend the ceremony.

Wang Yong and Luo Baoming spoke highly of the achievements of past cooperation between the two sides and expressed their willingness to continue deepening cooperation during the 12th Five-Year Plan period. Wang Yong and Jiang Dingzhi signed the "Memorandum of Cooperation between the People's Government of Hainan Province and the State-owned Assets Supervision and Administration Commission of the State Council." It is reported that Hainan Province has signed 51 cooperation projects with 18 central enterprises and 24 subordinate companies of central enterprises with a total investment of 228.8 billion yuan.

According to the agreement, Huadian New Energy will invest in the development of a gas-fired distributed energy project in the Old City Industrial Development Zone in Chengmai County, Hainan Province with a planned capacity of 156,000 kilowatts.

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