The reports say that Beijing based Huaneng , the country’s largest power producer has hired China International Capital Corp, Goldman Sachs Group Inc., Macquarie Group Ltd. and Morgan Stanley to arrange the initial public offering, later this year.

In December, China Longyuan Power Group , China’s biggest wind power producer, raised $2.6 bn in the world’s second biggest renewables IPO, while wind turbine producer Goldwind also has plans for a stock issue this year.

China’s