China Economic ReviewForeign investors in China cannot afford to take a lax approach towards compliance with environmental legislation. The law is becoming much more comprehensive and is applied stringently to international firms. Over the last 10 years, the Chinese government has devoted substantial resources to environmental protection and has greatly enhanced the regulatory framework. However, the beneficial […]
Taiwan’s state-run Chinese Petroleum Corp (CPC) and its mainland counterpart, China National Offshore Oil Corp, have signed an agreement to jointly explore for oil in an area of the Taiwan Straits, Reuters reported. They have agreed to invest a total of US$25m in a joint venture to look for oil in the Chaoshan block about […]
Royal Dutch/Shell Group will run China’s second largest gas field, according to a PetroChina official quoted by Bloomberg. The Anglo-Dutch company will run Kela-2 and four other fields for a period of two years and may buy a 45 per cent stake in the assets from PetroChina, said Sun Longde, vice president of the PetroChina […]
The first two generators at Shenzhen’s Lingao Nuclear Power Plant have begun commercial operations after passing a series of tests, said Xinhua. The plant is the second largest nuclear facility in Guangdong province, after one at Daya Bay. When complete, Lingao’s four nuclear generators will have a combined capacity of 1,000MW. The second pair of […]
Beijing Datang Power and Hunan Huayin Electric plan to join forces in building a new electricity generating plant in Hunan province, said Shanghai Securities News. The joint venture Hunan Datang Jinzhushan Electric Power will account for 20 per cent of the Yn4.65bn investment to run the plant. Beijing Datang will pay cash for 60 per […]