China’s Datang International Power Generation Co. Ltd. says it will form a joint venture with Chinese partner Ganzi Prefecture Gantou Hydropower Development Co. Ltd. to build and operate two hydropower projects in Sichuan Province totaling 3,400 MW.
Datang, the second-largest listed power producer in Hong Kong, said June 14 it would invest 3.6 billion renminbi (US$448.8 million) in the 2,600-MW Sichuan Daduhe Changheba and 800-MW Sichuan Daduhe Huangjinping hydropower projects, to be built in Kangding County. The two hydro projects are to involve total investment of 22.5 billion renminbi (US$2.8 billion).
Datang is to hold 80 percent of the joint venture, Sichuan Datang International Ganzi Hydropower Development Co. Ltd., which would have a registered capital of 4.5 billion renminbi (US$561 million). Datang said it would fund its investment from internal resources.
The Changheba project would have four 650-MW generating units, while Huangjinping would have four 200-MW units.