Shenhua Group Signs Strategic Cooperation Agreement with Fujian
Recently, Shenhua Group and Fujian Provincial People's Government signed a strategic cooperation framework agreement in Fuzhou. During the “Twelfth Five-Year Plan†period, Shenhua Group will increase the protection of coal power in Fujian Province and invest 30 billion yuan in Fujian to build coal storage bases, electricity, ports, and other related industrial projects, and will not invest in the Fujian Coal Transportation Channel. Less than 3 billion yuan. Fujian Province will actively support Shenhua Group and Fujian Enterprises to jointly develop berths Nos 1-3 in Luoyuan Bay in accordance with the principle of deepwater deep use to support Shenhua Group in the feasibility study of new construction projects or asset restructuring projects in Meizhou Bay.
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