The larger of China's two power distributors, State Grid Corp, aims to raise US$5 billion in a domestic market offering within two years. The South China Morning Post, quoting people familiar with the situation, said regulators prefer to sell shares in the domestic market first but the company may eventually want an overseas IPO. The […]
Category: Energy & Environment
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Power price easing possible
Price liberalization is being considered for oil, power and other resources in an attempt to curtail widespread waste, state media reported Monday. Bi Jingquan, a deputy minister at the National Development and Reform Commission, was quoted as saying that the government is "determined to make prices more dependent on market forces". Beijing has been wary […]
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Coal venture in pipeline
China Petroleum & Chemical Corp, or Sinopec, plans to form a US$2.63 billion joint venture to build a coal-conversion project in Inner Mongolia to supply power to eastern China, the National Development and Reform Commission (NDRC) said Friday. The NDRC has been encouraging the conversion of coal to dimethyl ether (DME) because it is more […]
The government is to impose strict environmental control measures on the Bohai Sea area, shutting down any projects that create pollution, Bloomberg reported. At least 80% of the waste entering the Bohai Sea is to be treated by 2010, Vice Premier Zeng Peiyan said in a statement, adding that "all offshore oil operators, shipping and […]
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Tropical storm kills 77
Tropical storm Prapiroon left 77 people dead and a swath of destruction behind it as it swept across south China. State media said the storm – named after the Thai god of rain – killed 51 in Guangdong province and 26 in the Guangxi region. On Sunday it was still raining heavily and the situation […]