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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (59116)	1/18/2005 6:58:45 PM
From: RealMuLan	Read Replies (1) of 74559

>>I would guess this is a propaganda piece desinged to convince Indians that China is as anti- FDI as India, and India does not have to change. I expect there will be many of these , as there is are huge economic interests dependent on protectionism.<< You like conspiracy theory<g> >>India make it hard for electrical power plants to make a profit. China's economy makes it hard to lose money.<< Although I read that from 2004, billions of Yuan foreign investment in power plants (nearly 40 companies) have left China due to heavy loss in their operation. The main reason was the fast increase in the price of coal in 2004, and some state-owned power plants could have cheaper/domestic-produced coal but not foreign owned power plants. Another reason for some of them left is to anticipate the over-supply of power plant several years down the road. Foreign power plants accounts for about 10% of power plants in China and have a total investment of 120 billion Yuan. Two companies, one is from S. Korea, and the other from Taiwan, are against the above trend, just made some new investment in power plants the end of 2004, so cost seems everything

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