Rural Power Company Limited - Norinco International Power Co., Ltd. announced that it will receive $457,081,200 in a round of funding on July 7, 2022. The company will issue common shares in the transaction. The transaction will include participation from existing investors Norinco International Cooperation Ltd. and Rural Power Company Limited for $228,540,600 each.

Pursuant to the closing, the investor will maintain 50% stake in the company. The transaction was approved at the 12th meeting of the Norinco International Cooperation Ltd. 8th directorate, and is subject to the shareholdersÆ approval.