BEIJING, Jan 15 (Reuters) - * China’s state planner on Tuesday said it had approved a hydropower project in Sichuan and Tibet with total investment of 30.97 billion yuan ($4.59 billion) * The Lawa project on the upper reaches of the Jinsha river will have total installed capacity of 2,000 megawatts * Huadian Group Co Ltd will have a 48 percent stake in the project, with minority stakes held by provincial firms, added the statement published on the website of the National Development and Reform Commission $1 = 6.7432 Chinese yuan renminbi Reporting by Dominique Patton
China's state planner has announced that the country will invest $4.6bn in a hydropower project spanning the regions of Sichuan and Tibet. The Lawa project, which will be based on the upper reaches of the Jinsha River, will be capable of generating 2,000 MW in capacity upon completion, and will be led by Huadian Group, which will take a 48% stake in the plan, with various provincial companies making up the remaining interest in the scheme.