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Heilongjiang Electric Power

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Source: World Bank Group

Project
Active

The company serves as the electricity utility for Heilongjiang province. The company sold both "A" and "B" shares in the Shanghai Stock Exchange in 1996 (47.09% of its total equity). It sold 60 million "A" shares (8.56%), raising a total of US$ 7 million in divestiture revenues. It sold 100 million B shares, representing a 38.53% stake raising $67.04 million. The placement was arranged by Shenyin

Status
Prospective
Sector
Power Generation (CCGT), Power Transmission, Government
Location
Heilongjiang, China
Updated
22 Jul 2026
Source
World Bank Group

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The project “Heilongjiang Electric Power” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Heilongjiang, China. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status

Active

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The company serves as the electricity utility for Heilongjiang province. The company sold both "A" and "B" shares in the Shanghai Stock Exchange in 1996 (47.09% of its total equity). It sold 60 million "A" shares (8.56%), raising a total of US$ 7 million in divestiture revenues. It sold 100 million B shares, representing a 38.53% stake raising $67.04 million. The placement was arranged by Shenyin & Wabguo Securities and ING Barings. Shares were issued at US$0.838 each, a 7.9% discount to the day's close of US$0.91. In Dec. 1998, China Prosperity Holdings Ltd. of Hong Kong acquired a stake in the project from an independent third party. None None

Original sector

Energy

Budget

Location

Country

China

State

Heilongjiang

Source

Source reliability

High

Source

World Bank Group

URL

More Details

Record type

Project

Sector

Power Generation (CCGT), Power Transmission, Government

Article published date

2023-02-20

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