CHINA: MORE ELECTRICITY OUTPUT BY BEIJING DATANG

Article Abstract:

Rising climate temperatures in summer as well as high economic growth pushed up the level of power demand in China in 2000. In response, China-based stand-alone electricity power supplier, Beijing Datang Power Generation (Beijing Datang) increased its power generation production level by 9.24% in 2000. In 2001, Beijing Datang will look for companies for potential corporate takeovers. Additionally, the company is considering to partake in a hydro-electricity power plant project. According to Yang Hongming, the executive director of Beijing Datang, 2001 will see demand for power rising by 10% as a result of higher capacity and higher demand in the Beijing Tianjin Tanshan service area.

Sales, profits & dividends, Beijing Datang Power Generation Company Ltd.

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CHINA: 2 NEW OWNERS FOR YANGPU POWER STATION

Article Abstract:

A 40% equity interest in Yangpu oil power station based in Hainan Island has been bought by two Chinese companies. The plant was bought by CNOOC Chemical and Hainan Power for RMB 1.06 bn (HK$ 992.6 mn). The seller of the stake was Hong Kong Construction (Holdings) . Proceeds from the sale will go towards funding the debt reform scheme of the Hong Kong firm.

Land Subdivision and Land Development, Asset sales & divestitures, Subdividers & Developers, Hong Kong, Securities issued, listed, Subdividers and Developers, Real estate developers

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Russian Electric Utility to Be Broken Up in Deregulation

Article Abstract:

Unified Energy Systems of Russia is going to be restructured in order to deregulate the country's electric utilities. The Russian government hopes to attract foreigners willing to invest in upgrading aging power generation and distribution services.

Financial management, Facilities & equipment, Organizational history, Russia, Planning, Finance, Buildings and facilities, Industrial policy, Deregulation, Company restructuring/company reorganization, Reorganization and restructuring, Company business planning, Company financing, Company organization, Unified Energy Systems of Russia

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