Datang power generation billions of dollars to coal gas

In order to seize the opportunity of clean energy development, Datang Electric Power (601991) plans to invest in Inner Mongolia Hexigten Qi and Liaoning fuxin coal gas each 4 billion party/year project, two project total investment reaches 50.28 billion yuan, Datang power generation to take out 10.565 billion yuan true gold silver. May 24, Datang Power Plant wholly-owned subsidiary of Datang Energy Chemical Co., Ltd. and Beijing Gas Group Co., Ltd., China Datang Group and Tianjin Jin-energy investment company signed an agreement, respectively, 51%, 34%, 10% and 5% of the proportion of funds to form a "Datang Inner Mongolia Kashk Coal Gas Co., ltd", To build and operate the Inner Mongolia Hexigten Qi production of natural gas 4 billion side/year project, of which datang power generation Energy chemical company invested 3.9321 billion yuan.　　The total investment of the project is 25.71 billion yuan. Hexigten Qi Coal gasification project is located in Chifeng Hexigten Qi, Inner Mongolia, the project is a new type of coal conversion project which uses the coal as raw material in the Shengli Coalfield East No. second of Inner Mongolia, which is built by Datang power generation, and the products produced after production are 4 billion side/year and other by-products of synthetic natural gas. The main products of natural gas used long-distance transmission pipeline, pipeline from the project site (Hexigten Qi station) to the last station in Beijing Miyun, gas pipeline 359 kilometers long, the project was completed after the main supply target is Beijing and the pipeline along the city.　　The first phase of the project is scheduled to be completed and put into operation in 2012. Another project is the same as coal natural gas, the same use of Inner Mongolia Shengli coalfield East No. Second coal as raw materials, the construction of synthetic natural gas 4 billion side/year and other by-products. The project by Datang Energy Chemical Company and Datang Group May 24 signed the Agreement to form the formation of Fuxin coal Gas company operation, of which datang power generation energy chemical company proposed to invest 6.633 billion yuan, accounting for 90% Equity, the total investment of 24.57 billion yuan.　　Fuxin coal gas project produced by long-distance gas pipeline supply Shenyang, Tieling, Fushun, Benxi and Fuxin and other cities, the length of the pipeline 334 kilometers. Datang Power said that the company developed a "electricity-oriented, multiple synergy" development strategy, coal gas project can enable companies to develop clean energy production.