# Shandong Energy Group acquires 51% stake in Liaocheng Xiangguang Power for CHP project

Shandong Energy Group's power sales company acquired 51% equity of Liaocheng Xiangguang Power Company from Shandong Xiangguang Group on March 20, 2020. The project is a 2x660 MW combined heat and power plant in Yanggu County, Liaocheng, with total investment over 6 billion yuan.

- Type: Acquisition
- Announced: 2020-03-20
- Where: Yanggu County, Liaocheng, Shandong, China
- Value: $850.0M (6.00B CNY)
- Jobs: 500
- Status: announced
- Capacity: 2x660 MW
- Products: electricity, heat
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Harbin Electric](https://endata.com/companies/3291.md) (partner)
- [Shandong Energy Group](https://endata.com/companies/46076.md) (acquirer)
- [Shandong Xiangguang Group](https://endata.com/companies/46077.md) (target)

## Sources

- [jjdb.sdenews.com](http://jjdb.sdenews.com/jjdb/jjdb/content/20200323/Articel08003MT.htm), 2020-03-23: "山东能源集团将主导建设聊城阳谷2×66万千瓦热电联产项目。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.