AES fired up as returns glow less than bright

Article Abstract:

The U.S power company AES Corp is generating about 15% return from its power projects in China, less than 20% generated from other countries. Low electricity consumption was the cause of low return on power projects. Despite of high economic growth, the country's power output rose 4.5% in 1997, half of the country's economic growth. In first half of 1998, the output grew 1%, compared with 7% economic growth in the period. Over power capacity and government refusal to raise tariffs for power plants also affect the return rates on power projects. Previously, AES has invested about US$380 mn in China or 10% of its total. It gets half of revenue outside U.S. *

Comment:

Generates about 15% return from its power projects in China, less than 20% generated from other countries

Sales & consumption, AES Corp. (Arlington, Virginia)

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shandong gets green light for dezhou plant

Article Abstract:

Shandong Huaneng Power development has been supported by the mainland government on construction of Dezhou Power Plant Phase III. The project would be included in the State Construction Plan for 1999, with one unit completed in 2002 and the other in 2003. A present, Shandong Huaneng holds 75% of Dezhou Plant, 75% of Jining Plant and 60% of Weihai Plant. Shandong Huaneng will supply 1,755 mw out of the province's total of 2,050 mw. *

Comment:

Gets support from mainland government on construction of Dezhou Power Plant Phase III in China

Facilities & equipment, Shandong Huaneng Power Development Company Ltd.

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Shandong awards $78m ATM data deal

Article Abstract:

LM Ericsson, a telecom company in Sweden, has been awarded a US$10 mn contract by China's Sanlian Group to install an ATM Metropolitan Area Network platform for Jinan in November. The network can handle over 50,000 users and will provide LAN-interconnect, video-on-demand, IP-telephony, Internet Access, E-mail and video broadcast. The project is expected to be completed by the first half of 1999. *

Comment:

Receives contract worth $10 mil from Sanlian Group to install ATM Metropolitan Area Network platform for Jinan in November

Telephone Apparatus Manufacturing, Capital expenditures, Specialized Telecom Services, Wired Telecommunications Carriers, New orders received, Local Area Network Equip, Internet services, Telefonaktiebolaget LM Ericsson, Local area networks, Sanlian Group

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