According to the agreement signed between Huaneng Group and Shaanxi Investment Corporation, Huaneng Group will accept 60% equity of Qinling Company and 60% equity of Hua Qin Company held by the latter. At the same time, Huaneng Group received 952 million yuan of creditor's rights of Qinling Company held by Shaanxi Investment and/kloc-0.09 million yuan of creditor's rights of Hua Qin Company held by Qin Long Company at a price of 700 million yuan.
After the acquisition is completed, Huaneng will wholly own 60% of the shares of Qinling Company (with an installed capacity of 4× 200,000 kilowatts) and Hua Qin Company (with an installed capacity of 2×125,000 kilowatts), thus holding Qinling Hua Qin Power Plant with an installed capacity of10.05 million kilowatts. Previously, Huaneng had acquired a 40% stake in Qinling Company in the "9.2 million kilowatts power generation assets realization project" of the national power system reform. This equity transfer is a continuation of the "920 Project" and the achievements of power system reform.
Qinling Hua Qin Company is the first thermal power plant with an installed capacity of one million kilowatts in northwest China. Since its establishment more than 30 years ago, the cumulative power generation has exceeded 65.438+0.3 billion kWh, accounting for about 654.38+0.3% of the annual power generation in Shaanxi Province, which has played an important role in promoting local economic development.
The so-called equity transfer is actually a kind of capital acquisition, but the price of the transaction is not convenient for both parties to disclose. An insider estimates that Huaneng Group has invested more than 2 billion yuan to acquire the equity and creditor's rights of Qinling Hua Qin Company.
Equity transfer means that Shaanxi Investment Group Company transfers all 60% equity of Shaanxi Qinling Power Generation Company to China Huaneng Group Company. China Huaneng Group Company will hold 0/00% equity of Qinling Power Generation Company and become the sole shareholder of Qinling Power Generation Company after receiving the shares. At the same time, Shaanxi Investment Group Company transferred all 60% equity of Hua Qin Power Generation Company held by its subordinate Qin Long Electric Power Co., Ltd., and the original shareholder Datang Shaanxi Power Generation Company gave up the preemptive right. China Huaneng Group will hold 60% of the shares of Hua Qin Power Generation Company and become the largest shareholder of Hua Qin Power Generation Company.
It is worth noting that the 40% equity of Qinling Company held by Huaneng Group before the acquisition was obtained by bidding for the "9.2 million kilowatts power generation assets realization project" of the national power system reform last year. In order to facilitate Huaneng Group's overall management of the power plant, Shaanxi invested and sold its 60% equity, which also raised funds for the company to adjust its investment portfolio in the next step.
After the equity transfer of Qinling Power Plant, Huaneng Group will further improve its power supply capacity and economic and social benefits through safe production, strengthened management, and implementation of "suppressing small by large", and make more and better contributions to the economic and social development of Shaanxi Province through practical actions.
After the acquisition, Huaneng Group's installed power generation capacity in Shaanxi will be increased from the previous 600,000 kilowatts to 6,543,8+0,550 kilowatts, which is a significant prerequisite for its ranking in the local industry. The first power plant invested by Huaneng Group in Shaanxi Province is Tongchuan Power Plant, which started in March 2006 with a total investment of about 5 billion yuan and a planned capacity of 2.4 million kilowatts. Two domestic 600,000 kW air-cooled generator sets will be built in the first phase of the project. 165438+1On October 8th, the first 600,000 kW unit of Tongchuan Power Plant was just put into operation.
Huaneng Group, which belongs to SASAC the State Council, is the largest power generation company in China. By 2006, the total assets of the group had reached 286 1 100 million yuan. At present, Huaneng Group has 87 power plants in 23 provinces, municipalities and autonomous regions, with an installed capacity of 66.87 million kilowatts, accounting for about 10% of the total installed capacity in China.
Huaneng Group's power plants are mainly concentrated in the eastern region. With the reversal of the supply and demand situation in the eastern power market and the increasingly fierce competition among power generation groups, Huaneng Group is shifting part of its focus to the central and western regions.