Huadian Power Enters Fuel Purchase Agreement with PetroChina

The latest update is out from Huadian Power International ( (HK:1071) ).

Huadian Power International has entered into a Fuel Purchase Framework Agreement with PetroChina, effective from May 30, 2025, to December 31, 2027. This agreement follows the company’s acquisition of an 80% equity interest in Jiangsu Huadian, making it a subsidiary. PetroChina, holding a 20% stake in Jiangsu Huadian, is a connected person under Hong Kong Listing Rules. The agreement allows Huadian to purchase fuel products, including natural gas, from PetroChina at market-based prices, ensuring terms are no less favorable than those offered to independent third parties. This strategic move is expected to enhance Huadian’s operational efficiency and strengthen its market position in the energy sector.

More about Huadian Power International

Huadian Power International Corporation Limited is a Sino-foreign investment joint stock company based in the People’s Republic of China. It operates in the energy sector, focusing on power generation and related services. The company is involved in acquiring and managing power generation assets and has a market focus on expanding its energy production capabilities.

Average Trading Volume: 10,677,591

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$61.99B

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