China Huaneng Group, one of the largest electric power groups in China, has announced that it will transfer its Shantou power plant’s coal shipping operations from Shantou Port, a major seaport in Guangdong, to a new port developed by the group itself.
Huaneng Shantou Power Plant is the largest customer of Shantou Port Group’s Mashan Port and the plant’s coal transport volumes account for nearly 70% of the port’s business.
When contacted by Splash, an official at Shantou Port Group said the company is still working on strategy to deal with the situation at Mashan Port, and refused to offer more information.
Local media reports suggest that it is very likely Shantou Port Gorup would close operations at Mashan Port.
According to Huaneng Group, it has developed a new terminal at the nearby Haimen Power Plant, and it will use two 5,000dwt bulk carriers to transport coal between the two plants.
The group said the move was made for both economical and environment protection reasons.