The World Bank has approved a US$160m loan to China to upgrade a railway line between the cities of Baoji in Shaanxi province and Lanzhou in Gansu province. The project will finance the double tracking and improvement of the existing line.
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Hydroelectric power stations being built on the Lancang River in Yunnan province will regulate the flow of water on the lower reaches of the river, known as the Mekong in southeast Asian countries, said Dr He Daming from Yunnan University’s Asia International River Centre. He said that by regulating the flow of water, the stations […]
Construction will start in the first half of this year on a 4,200km cross-China gas pipeline after the project was given approval by the State Council. The pipeline, which will stretch from Xinjiang to Shanghai, will be built by PetroChina and a consortium led by Royal Dutch/Shell. Exxon Mobil has also been in discussions about […]
The collapsed US energy giant Enron was actively involved in two large infrastructure projects in Sichuan province, said a mainland newspaper. With Enron’s China operations being wound up, other companies are looking to acquire its interests. Last year Enron signed a US$45m contract to develop an oil and gas basin with China National Petroleum Corp. […]
The Chinese government has approved a plan to break up the State Power Corporation, reported 21st Century Business Herald. The plan involves dividing the company’s generating assets into four independent companies and splitting its transmission network between two companies, one in the north and the other in the south. Currently, the State Power Corporation owns […]