16 January 2019

Power player earmarks 12 bln yuan for Shanghai, paper says

State-owned power producer China Datang Corp will invest 12 billion yuan (US$1.96 billion) in Shanghai by 2020 in projects ranging from renewable energy to finance, Shanghai Daily reported Thursday. The funds will go into power generation, clean energy, project design, imports and exports, and material supplies in the city, the report said. The investment is expected to improve the city’s power generation efficiency and its mix of electricity sources.

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