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COSCO sign strategic agreement with China Huaneng Group

COSCO sign strategic agreement with China Huaneng Group

   The COSCO Group Thursday signed a strategic cooperative agreement with the power company China Huaneng Group.

   In the past COSCO has shipped raw materials, including coal, for the China Huaneng Group.

   According to COSCO, the China Huaneng Group installed a total capacity for power generation amounting to 31.66 billion watts, representing 8.2 percent of China’s total in 2003.