On May 1, 1994, the commencement conditions of Pengcheng Power Plant were met. On September 15, 1996, the construction of unit #1 was completed and put into operation 105 days ahead of schedule. Xuzhou China Resources Power Co., Ltd. became China's first power project that was built, managed and operated independently, which created a number of industry miracles and went down in the annals of China's power industry as the "Pengcheng mode".