US operator buys stake in Henan power

AEI, the U.S. energy infrastructure operator, has purchased a 50% stake in Luoyang Sunshine Cogeneration Co. Ltd (Luoyang), in northern Henan Province of China. It is AEI's first power generation business in China, according to Colin Tam, AEI's CEO for Asia.

Luoyang is a regulated 270MW cogeneration power plant, comprising two coal fluidized bed boilers and two 135MW condensing/extraction steam turbine generators. Louyang provides steam and heat to industrial and residential consumers in the Louyang New District.

The remaining 50% stake in Luoyang is held by Luoyang Hailong Power Investment & Consultancy (33%), and Luoyang City Gas General Co (17%).

In February this year, AEI acquired 100% equity of Tongda Energy, a Singapore firm which constructs urban gas pipelines, sells and distributes piped gas, and operates auto-filling stations in China. AEI also acquired a 70% stake in another city gas operator Beijing Macrolink Gas, from the Macrolink Group and its affiliates. Beijing Macrolink sells piped gas in China.