Shenhua to Build Asia’s Biggest Coal-Fired Power Station in Southern China - Bloomberg

Shenhua Group Corp. plans to build Asia’s biggest coal-fired power plant in China’s southern province of Guangxi to help reduce electricity shortages in the region, the official Xinhua News Agency reported. The parent of Hong Kong-listed China Shenhua Energy Co. (1088) signed an agreement with the local government to build an 8- gigawatt plant at the port city of Beihai, Xinhua said in the report today, without citing anyone. Construction will take about five years, it said. China, the world’s biggest polluter, relies on coal to generate about 80 percent of its electricity. The plan to build the thermal station in Guangxi comes after the province suffered power shortages in recent years because drought reduced supply from hydroelectric plants. The coastal province has deep ports that will allow ships to deliver coal to the plant, Xinhua reported, citing Shenhua Chairman Zhang Xiwu. Guangxi will need to build docks to receive coal delivered from Shenhua’s mines in Indonesia and Australia, Xinhua said, citing Zhang