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Liaoning Nuclear Power Co Ltd was arrange in March 2009 to construct the Xudabao nuclear power plant on Hulu Island in Liaoning province with CNNC as majority owner, and 20% fairness from China Datang and 10% from SDI CPI owns 65%, CNNC 5%, China Guodian Corporation (5%), Shandong International Trust & Investment Corporation (10%), Yantai Electric Power Development Co (10%), CHNG Energy & Transportation Industrial Co. The Shandong Nuclear Power Company Ltd is a subsidiary of CPI and was established at Yantai in July 2004 to undertake the event, construction, operation and management of the Shandong Haiyang nuclear power project, constructing AP1000 reactors. Huaneng Power International took over the 49% stake in 2010 and is leading the second section of the plant. 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