# National Energy Group Gansu Electric Power to acquire two GD Power plants for CNY 460M

National Energy Group Gansu Electric Power Co., Ltd. has agreed to acquire GD Power Jiuquan Thermal Power Co., Ltd. and GD Power Jiuquan Power Generation Co., Ltd. from GD Power Development Co., Ltd. and Beijing GD Power Co., Ltd. for approximately CNY 460 million.

- Type: Acquisition
- Announced: 2020-11-17
- Where: Jiuquan, China, China
- Value: $70.0M (460.0M CNY)
- Status: announced
- Products: thermal power, power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GD Power Development Co.](https://endata.com/companies/30474.md) (target)
- [National Energy Group Gansu Electric Power Co., Ltd.](https://endata.com/companies/51286.md) (acquirer)
- [Beijing GD Power Co., Ltd.](https://endata.com/companies/51287.md) (target)
- [GD Power Jiuquan Thermal Power Co., Ltd.](https://endata.com/companies/51288.md) (target)
- [GD Power Jiuquan Power Generation Co., Ltd.](https://endata.com/companies/51289.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/GD-POWER-DEVELOPMENT-CO-L-6496584/news/National-Energy-Group-Gansu-Electric-Power-Co-Ltd-agreed-to-acquire-GD-Power-Jiuquan-Thermal-Powe-33612511/), 2020-11-17: "National Energy Group Gansu Electric Power Co., Ltd. agreed to acquire GD Power Jiuquan Thermal Power Co., Ltd. and GD Power Jiuquan Power Generation Co., Ltd."

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