China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (219)	8/9/2003 3:33:58 PM
From: RealMuLan	Read Replies (1) of 6370

China Huaneng Pwr Sees CNY723.4M 03-05 Environmental Levy (This item originally ran at 1210 GMT Thursday.) HONG KONG (Dow Jones)--Huaneng Power International Inc. (HNP) said Thursday it expects environmental charges between 2003 and 2005 to total 723.4 million yuan (US$1=CNY8.28), a figure analysts are likely to find surprisingly high. The new environmental levy, which charges China power producers per unit of sulphur dioxide emitted, took effect from July 1 and will undercut the company's earnings at the pre-tax level. sg.biz.yahoo.com

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