Last checked at 16 Nov 2010 13:36
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Datang International Power Generation Co., Ltd. (a sino-foreign joint stock limited company incorporated in the People's Republic of China) (Stock Code: 991) OVERSEAS REGULATORY ANNOUNCEMENT ANNOUNCEMENT ON PROGRESS IN MAJOR INVESTMENT Special Notice:
The board of directors (the "Board") and all directors (the "Directors") of the Company warrant that there are no false representations and misleading statements contained in, or material omissions from this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the contents of this announcement.
This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The Board hereby announces that the Sichuan Daduhe Changheba Hydropower Station Project (the "Changheba Hydropower Station"), which is controlled, organized, constructed and operated by Datang International Power Generation Co., Ltd. (the "Company"), has recently been approved by the National Development and Reform Commission.
The Changheba Hydropower Station is designed to be equipped with four 650MW radial-axial flow hydroturbine units with a total capacity of 2,600MW. The construction of the Changheba Hydropower Station promotes a rational exploration and utilisation of water resources in the trunk river of Daduhe, thereby enhancing the power supply of the Sichuan Power Grid so as to meet the increasing power demand. It also promotes the West-to-East transmission of electricity and the economic and social development of ethnic regions. The completion of the Changheba Hydropower Station will also increase the Company's installed hydropower capacity, further optimising the Company's power source mix and enhancing the core competitiveness of the Company.
The total investment of the Changheba Hydropower Station, is to be contributed proportionally by the Company and other shareholders in cash, amounts to RMB21.905 billion, of which the capital of the project amounts to RMB4.381 billion, accounting for 20% of the total investment. The construction funds other than the capital of the project are to be sourced from bank loans.
By Order of the Board Zhou Gang Secretary to the Board
Beijing, the PRC, 16 November 2010
As at the date of this announcement, the directors of the Company are: Liu Shunda, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia, Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Li Yanmeng*, Zhao Zunlian*, Li Hengyuan*, Zhao Jie*, Jiang Guohua*
* Independent non-executive directors
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