Nanjing port signed an agreement with Huaneng Power at the end of July to increase its stake in their joint venture, Nanjing Port Tianchen. Huaneng is one of China’s super large state-owned companies and its largest power company. It has seven power plants in Jiangsu province alone.

The joint venture is located in Longtan deepwater terminal in Nanjing with a 480-metre-long quay. The additional investment will increase handling capacity by 10m tons, meeting Huaneng’s need to tranship coal from the sea route to the Yangtze River and making Nanjing a major coal-handling port in the process.