Morrison & Foerster represented China Resources Power Holdings, one of the largest power plant operators in the PRC, in the 2.5 billion Yuan sale of a 10 per cent stake in China Huaneng International Power Development. China Resources Power Holdings Company Ltd is listed on The Stock Exchange of Hong Kong (Stock Code: 0836; 2003) and engages in development, integration, and operation of CR Holdings' electric power businesses. The Group's principal activities are in investment, development, operation and management of large coal-fired power plants. China Resources Power Holdings is expected to use the gains from the sale in acquisition of its parent's 80 percent owned 1,200 MW Fuyang plant in Henan province, which is scheduled for completion in the first half of next year.

Hong Kong partner Ven Tan and associates Yurong Ye and Raymond Oh assisted China Resources Power Holdings with this sale.