China Power International Development

China Power International Development announced a RMB27.7 billion ($3.8 billion) group asset restructuring to acquire SPIC Yuanda Environmental Protection, transferring its interests in Wu Ling Power Corporation and SPIC Guangxi Changzhou Hydropower Development to Yuanda Environmental, settled via share issuances and cash. China Power will hold a 55.13% equity interest in Yuanda Environmental upon completion.

China Power's indirect subsidiary Yaomeng Power Plant signed an EPC contract with Shanghai SEPIII for design, procurement, construction, and installation services for the Yaomeng upgrade project, valued at 39.08 million yuan.

China Power announced it will form a limited partnership with Dongyin Tianjin, Orient Asset Management and SPIC Capital Management, contributing RMB268 million for a 35% stake. The partnership will acquire 40% of Zhongdian Shentou (a coal-fired power plant subsidiary) for RMB206 million, plus a debt transfer of RMB560 million.

Siemens has received an order for two SGT-800 gas turbines from a subsidiary of China Power International Development Ltd for a combined heat and power plant in Chengdu, China. The plant is scheduled to start operation at the end of 2018.