Shanghai-listed Huadian Energy agreed to buy a 42.75% stake in parent China Huadian Corp's power plant in Harbin for RMB 652.36 million. Officials said the additional power asset will increase the company's generating capacity by 35%, from 2 million kW to 2.7 million kW. Part of the acquisition cash ï¿½ RMB 452.36 million ï¿½ will be funded internally, the balance by bank loans, they said.
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