Huadian Power enters fuel purchase agreement with PetroChina

Huadian Power International Corporation (HKEX:1071) announced that it has entered into a Fuel Purchase Framework Agreement with PetroChina on May 30, 2025, set to remain in force until December 31, 2027. The agreement outlines the terms for Huadian to purchase fuel products, including natural gas, from PetroChina and its subsidiaries. The maximum transaction amount under the agreement is capped at RMB20 billion per year. The agreement is contingent on Huadian completing the acquisition of an 80% equity interest in Jiangsu Huadian and the agreement being duly approved and sealed. The board considers the agreement to be fair, reasonable, and in the interests of the company and its shareholders.