China Hunaneng Group is partnering China's largest coal trader, China Coal Group, to share
costs and jointly invest in coal production and power plant construction. Huaneng, parent
of the country's top independent power producer, Huaneng Power International, hopes the
move will improve its efficiency as competitive tariff bidding is gradually introduced in
China. For its part, China Coal wants to make its remote coal resources more viable
economically.
The two sides have already signed a co-operative agreement to build a
large power plant in the Pingsuo coal-mining region of Shauxi province.
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