Chinese Group Joins US Clean Coal Power Plant Project
Posted on: Thursday, 27 October 2005, 18:01 CDT
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 27 October: China Huaneng Group signed a membership agreement with the US FutureGen Industrial Alliance Inc here Thursday [27 October], announcing the participation of the first Chinese company in the hi-end "FutureGen" project.
The US "FutureGen" project, initiated by US president George W. Bush in 2003, aims to design, build, and operate the first-ever zero- emission coal-fired commercial power plant in 10 years with an investment of 950m US dollars.
The power plant will be installed with a capacity of 275,000 kiloW while elevating the power generation efficiency above 60 per cent. As claimed, the power plant will produce hydrogen as well, and is capable of separating and sealing up one million tons of carbon dioxide annually.
The project, organized with cooperation between the government and enterprises, will receive more than 600m dollars from the US government, while Alliance Inc. will offer 250m dollars, with 20m from each member company and the other 80m to be financed by other governments.
Up to the present, seven internationally well-known energy enterprises including AEP (American Electric Power) have joined the "FutureGen". Huaneng Group is the eighth and only enterprise from China.
China's recently published proposals for the 11th "Five-Year Plan" stressed the strategic focus on coal in building the energy resource industry in the future.
The investment from Huaneng in "FutureGen" accounts for 2 per cent of the company's total investment. However, Huaneng is in a position to share the technology and achievements of "FutureGen" as a shareholder, sources with Huaneng said.
Huaneng Group is a state-owned enterprise involved in the development, investment, construction, and operation of electric power projects and the exploration of elementary electricity- related energy resources such as coal. It accounts for nine per cent of the national total installed capacity, and 11 per cent of the country's total electricity generation as the largest independent electric power generator.
Source: BBC Monitoring Asia Pacific
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