Huaneng to infuse $15B in Xinjang projects

China Huaneng plans to spend around US$15 billion in coal, natural gas and power generation in Xinjiang.

According to the Xinhua News Agency, the Huaneng Group has signed an agreement with the Xinjiang government to construct energy bases in the Junggar Basin, the Turpan Basin and Hami.

China recently unveiled a plan for developing Xinjiang, an energy-rich region bordering central Asia. Northern Xinjiang is already home to massive Chinese oil and gas projects, and new roads and rail make coal deposits accessible for transport to booming eastern China.