Huaneng Yantai Power Generation Co., Ltd., formerly known as Yantai Power Plant, was wholly owned by Huaneng Group on February 25, 2008, and was renamed Huaneng Yantai Power Generation Co., Ltd. on March 6, 20 10. The company is located in Yantai City, Shandong Province, and is an old power plant with a history of more than 90 years. At present, it operates 700MW thermal power units, manages and operates Shandong Changdao Wind Power Co., Ltd. and Shandong Huaneng Laizhou Wind Power Co., Ltd., the preliminary work of Yantai Bajiao Thermal Power Co., Ltd. Phase I 2×600MW cogeneration unit project is in progress, and Huaneng Shandong Power Generation Co., Ltd. Muping Wind Power Branch is under construction. The company * * * has 1387 employees, who are responsible for 70% of urban power generation and heating.