China returns to HK with new issue

Article Abstract:

Northeast Electric Transmission and Transformation Equipment (Nette) aims to raise some $65 million by selling a 30% stake. Daiwa Securities will sponsor the issue. This is the second company from China which plans a listing in Hong Kong in 1995, the first being Jilin Chemical Industrial Co. Nette forecasts a rise in profit of 57% for 1995 and should benefit from rising demand for electricity in China. Part of the funds raised will be used to repay loans from banks and employees.

Northeast Electric Transmission and Transformation Equipment

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Portugal generates investors

Article Abstract:

The Portuguese government has sold off a 16.2% share of Electricidade de Portugal (EdP) in a public offering, with a further 2.25% share also sold to Iberdola of Spain. The sales have raised a total of 462.05 billion Escudos (Esc), of which Esc4094 billion was raised via the public offering alone. In 1997, EdP reported profit up 14.6% to Esc93.019 billion, on revenue up 4.5% to Esc571.451 billion.

Electric services, Portugal, Privatization, Privatization (Business), Endesa S.A., Electricidade de Portugal S.A.

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Thailand unveils schedule for IPPS

Article Abstract:

Independent Power Projects bidders have been given the schedule of Egat, Thai electricity generator, due for privatisation. New privatised power of 1,000 megawatt capacity will be available by the year 2001. New capacity of 3,800 megawatts will be in operation by April 2002. Bidders fear that the plans may never be profitable.

Economic policy, Electricity Generating Authority of Thailand

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