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Shenhua to pour 200b yuan into Shaanxi

By Tong Hao (chinadaily.com.cn)
Updated: 2009-03-10 11:29

Shenhua Group, China's largest coal miner, plans to invest 200 billion yuan ($29.24 billion) during the next 10 years to develop energy resources and the chemical industry in Shaanxi province, according to a government website.

Shenhua Group will mainly focus on coal, coal chemistry, power supply, railways and logistics in the north of Shaanxi. In 2009, projects such as coal gas will start construction with a total investment of 15 billion yuan, the State-owned Assets Supervision and Administration Commission (SASAC) said on its website on Tuesday.

Shenhua Group is one of the 141 State-owned enterprises under direct supervision of the SASAC.