Chinese aluminum producer sells 1.32GW coal power assets for $422m

asia power 2020年4月1日

摘要:It joined other smelters in setting its eyes on hydropower. Aluminum producer China Hongqiao Group i...

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whosecurrentannualaluminumcapacityofaround6.5milliontonnesisallinindustrialheartlandShandong / hastraditionallyreliedoncapturedoron-sitecoal-firedpowerplantsfortheenergy-intensivealuminumsmeltingprocess.ButwithChina’ssprawlingaluminumindustryunderenvironmentalpressure / Itjoinedothersmeltersinsettingitseyesonhydropower.AluminumproducerChinaHongqiaoGroupissellingoffcoal-firedpowergenerationassetsfor$422m(RMB3b)asitpreparestomovealmostone-thirdofitscapacitytohydropower-richYunnanprovince.Thecompanyhas“conditionally”agreedtosellpowerunitswithinstalledcapacityof1.32GWtoShandongGuoxuNewEnergy / SouthwestChina / totakeadvantageofcleanerhydropower.Thefirstphaseofits2milliontonnesperyearprojectinYunnanisduetostartbytheendofthisyear.ReadmorefromReuters 查看更多

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Chinese aluminum producer sells 1.32GW coal power assets for $422m