Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2136)	12/19/2003 11:01:20 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Power hungry China plans $2.8 bln hydropower plant -------------------------------------------------------------------------------- BEIJING, Dec 18 (Reuters) - Power hungry China plans to build a $2.8 billion hydropower plant on the lower reaches of the Yalong River in its backward south western region to help sate runaway demand for electricity. Construction of the Jinping plant will start in 2005 and finish in 2013 at a cost of 23 billion yuan ($2.78 billion), the official Xinhua news agency said on Thursday. A 305 metre dam will be built for the plant which would be able to generate 17.4 billion kW/hours of electricity a year, close to the 17 billion kW/h annual generating capacity of the Ertan hydropower station, China's largest. The planned plant would have a combined installed capacity of 3.6 million kW, it said, adding that China's State Council, or cabinet, had approved the project. It will help meet an expected surge in power demand in the world's fastest growing major economy which will require a combined installed capacity of 900 million kW by 2020 compared to 350 million kW by the end of 2002, Xinhua said. More than half of China's provinces suffered reduced power supply this summer as drought cut hydroelectric output, coal prices rose and state control over power prices stifled the incentive to build more plants. Hydropower plants account for less than 24 percent of fast growing China's total installed capacity, although more are planned. Controversy has surrounded the China's Three Gorges Dam, the world's largest hydro-electric power project, and the $3.4 billion Ertan plant which has run at a huge loss because it has been unable to sell its expensive electricity. ($1=8.276 Yuan) alertnet.org