12.09.08EFH EcoPartnership with China Huadian Corporation
DALLAS, TX -
Energy Future Holdings, represented by Non-Executive Chairman Don Evans, signed an EcoPartnership agreement with China Huadian Corporation on December 4, 2008.
The United States and China have agreed to a ten-year cooperation framework under which they have agreed to collaborate in the areas of energy and the environment. Although supported by many agencies in both countries, the Department of Treasury is the lead agency for the U.S., and the National Development and Reform Commission (NDRC) is the lead agency for China. A Joint Working Group has been established with specific areas of focus, including EcoPartnerships, as one of these areas.
The goal of the EcoPartnership is to facilitate a cooperative relationship for sharing best practices between U.S. and Chinese companies, to develop policy innovations, to foster new technologies, and to demonstrate economically and environmentally sustainable business models. The hope is that through these collaborative projects, companies can find solutions to the energy and environmental challenges facing both China and the United States.
Energy Future Holdings Objective
EFH's purpose in advancing such a relationship would be to further its position as an environmental and industry leader, and the scope of the commitment would be solely to share best and desirable practices.
China Huadian Corporation
China Huadian Corporation (CHD), with its headquarter office located in Beijing, was duly established under the laws of People's Republic of China on December 29, 2002. CHD's main businesses include the development, investment, construction, operation, and management of power generation projects and other power-related activities. By October, 2008, CHD possessed a total capacity of 64,807 MW, 56,048.5 MW of which is thermal power, with 8,502 MW hydropower and 256.5 MW wind power. CHD's power plants are distributed in 25 provinces and regions throughout China.
Energy Future Holdings
Energy Future Holdings Corp. (EFH), formerly TXU Corp., is a Dallas, Texas-based, privately held energy company with a portfolio of competitive and regulated energy subsidiaries. Luminant, TXU Energy, and Oncor, EFH's primary subsidiaries, serve the growing Texas electricity market, which is among the world's largest and the nation's most successful competitive markets. Luminant is a competitive power generation business, including mining, wholesale marketing and trading, construction, and development. It owns over 18,300 megawatts of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity, and is the largest purchaser of wind-generated electricity in Texas and fifth largest in the U.S. TXU Energy is a market-leading competitive retailer that provides electricity and related services to more than two million electricity customers. Oncor is a regulated electric distribution and transmission business that delivers reliable electricity to consumers. The company operates the largest distribution and transmission system in Texas, providing power to more than three million electric delivery points over more than 115,000 miles of transmission and distribution lines.
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