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Nanhai Power Plant I Co. Ltd.

Sector: Power Generation (CCGT) • Location: China

Source: World Bank Group

Project
Active

The power plant has a capacity of 400-MW (2x200-MW) and is connected to the Guangdong Provincial grid. It will primarily supply energy to the Nanhai Municipality. Unit 1 has been operational since 1996 and Unit 2 was expected tol go on-line in late 1997. The plant is owned and operated by a joint venture company, "Nanhai Power Plant I Co. Ltd.", formed on September 12, 1994 between Cheung Kong Ho

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

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Description

Description

The power plant has a capacity of 400-MW (2x200-MW) and is connected to the Guangdong Provincial grid. It will primarily supply energy to the Nanhai Municipality. Unit 1 has been operational since 1996 and Unit 2 was expected tol go on-line in late 1997. The plant is owned and operated by a joint venture company, "Nanhai Power Plant I Co. Ltd.", formed on September 12, 1994 between Cheung Kong Holdings Ltd. (30%) and Nanhai Plant A (70%), a wholly owned subsidiary of the Nanhai municipal government. The joint venture contract will expire in 2012. Financing for the first phase of $130 million closed in two tranches ($40 million and $90 million) in 1995. The joint venture has a registered capital of HK$757 million (roughly US$98 million) and total project cost is estimated at US$228 million. An O&M contract has been signed with Nanhai Plant A, which will expire upon the termination of the joint venture. In August 2001, Cheung Kong disposed of its stake in the plant for HKD$221m. None None

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Source reliability

High

Data quality score

100%

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