BEIJING (AFX-ASIA) – Huaneng Power Group, China’s largest independent power producer, said it had won a bid to buy a 50% stake in OzGen of Australia, a wholly-owned subsidiary of US-based InterGen, for US$227 million. Local media had previously reported Huaneng was buying a 54% stake in the company for US$290 million. Huaneng said in…
CHINA: Huaneng to pay US$227 million for 50% of Australian power firm
Posted on December 23, 2003 by EnergyAsia