CLP focuses on Mainland coal projects

CLP will sell its 70% interest in the 600MW Anshun II Power Station for RMB750 million to China Guodian Corporation. The project is located in Guizhou, China.

Andrew Brandler, Chief Executive Officer of China Light and Power, said they divested its stake in the Anshun II project to consolidate its asset ownership in coal-fired projects in the Mainland. He also described Anshun II to have “a complicated and suboptimal ownership and operating structure.”

Upon completion of the sale, CLP will own approximately 4,600 equity MW of generating capacity in the Chinese Mainland, of which about 900MW are from renewable energy projects.

"The company will continue to explore investment opportunities and develop projects in the Mainland which have synergy with existing investments or relationships. We will also continue to pursue clean energy projects in the renewable energy and nuclear power sector to support the Mainland’s national clean energy policy," continued Mr. Brandler.