The project proposes to transform and construct a 70,000 dead weight tonnage (DWT) coal unloading berth each, construct a 50,000 DWT coal loading berth and a 3,000 DWT multi-purpose berth, with a planned throughput capacity of 22.7 million tons per annum.
The project will cost about RMB2.44bn ($387.44m), 30% of which is capital contribution to be funded by Huaneng Power International, China Power Investment Corp and Shantou Port Group Corp in proportion of 60%, 20% and 20%, respectively, with the remaining to be funded by bank loans.
Huaneng Power International holds a 60% equity interest in the coal transit base project, while China Power Investment Corp and Shantou Port Group Corp each own a 20% interest in the project.
