(Yicai Global) April 28 -- Ganneng’s shares gained by the daily limit after the Chinese electricity producer said it will invest CNY12.8 billion (USD1.9 billion) in a comprehensive clean energy project in a small county in eastern China.

Jiangxi province-based Ganneng [SHE: 000899] soared 10 percent to close at CNY5.08 (80 US cents) today. The stock is still down 15 percent this year.

The project includes a clean coal-fired plant with an output capacity of 2,000 megawatts of electricity, as well as a solar park ranging from 500 MW to 600 MW in Shanggao county, Jiangxi, Ganneng said in a statement late yesterday.

The project also includes plans to provide comprehensive energy services and construct rooftop solar power generation facilities in the county’s rural areas. The plan is to finish the project by 2025.

Located in the northwest of Jiangxi, Shanggao is a small county with an area of 1,350 square kilometers and a population of 380,000, Ganneng said.

The company did not specify the nature of the new coal-fired plant. The Chinese government has stated that it will only approve new coal-fired projects to ensure grid safety or help new energy power plants smooth their output.

China’s green movement in electric power has brought huge business opportunities to regional electricity suppliers such as Ganneng. Another regional power supplier, Henan province-based Yuneng Holdings, said earlier this month that it intends to invest CNY3.8 billion (USD575.9 million) in rooftop solar power projects in central Henan.

Editor: Emmi Laine, Xiao Yi