China Economic ReviewAlstom, the France-based supplier of energy and transportation infrastructure, has won two orders worth US$21m in China. It will supply three generators to the Gui Du Fu hydropower plant in Sichuan province and equipment to the Longtan hydropower project in Guangxi Zhuang autonomous region. Equipment for both orders will be supplied by Tianjin Alstom Hydro, […]
Xinhua confirmed that there remain severe energy shortages in 18 provinces and municipalities, with particular problems experienced in Shanghai and Zhejiang. These areas suffered severe shortages during the summer heatwaves. The news agency said state planning officials had failed to predict such rapid growth in electricity demand and output had not increased fast enough. Officials […]
Australia has secured an export contract worth more than US$17bn with China as a result of a China National Offshore Oil Corp outline agreement with ChevronTexaco. CNOOC was reported to have bought a 12.5 per cent stake in the Gorgon gas development off Australia's northwest coast. One market source said CNOOC would have to pay […]
Shanghai Industrial Holdings announced it would invest RMB 10 billion in its water supply and treatment business over the next three years. The company has signed preliminary agreements with state-owned China Energy Conservation Investment to form two JVs. China Energy is the country's only state-level public enterprise focused on the businesses of environmental protection and […]
Sinopec, China's second-largest oil producer and Asia's largest oil refiner, announced it would increase spending on oil and gas exploration in order to offset lower oil prices expected next year. The company increased its exploration and production budget for 2004 by RMB 1.87 billion, bringing the total to RMB 19.87 billion. After a good year […]