Energy Insider: Yangtze Power to Take Over Two Giant Hydropower Units; Nonferrous Metal Production Rises

In today’s Caixin energy news wrap: China tightens Covid-19 controls at airports amid resurgence fears; China's nonferrous metal production expected to rise 5% this year; Shanghai Electric Power joins with Shell China for new-energy push.

Yangtze Power to acquire two giant hydropower stations

China Yangtze Power Co. Ltd. (600900.SH) expects to acquire the Wudongde and Baihetan hydropower stations from China Three Gorges Corp., Yangtze Power’s largest shareholder, over the next five years, Yangtze Power said. The timing will depend on market conditions, the company said. The Wudongde hydropower station was completed and all 12 generators were producing electricity as of June 16. The second phase of the Baihetan station went into operation June 28, and all units are expected to be deployed by July 2022.