Two wind power companies were among the biggest gainers on the Hong Kong stock exchange at the end of 2012, after the National Development and Reform Commission (NDRC) approved four wind power projects totalling 57.2 billion yuan (HK$71.1 billion). The NDRC announced it had approved a 24.2 billion yuan wind power project in Jiuquan prefecture, Gansu province. The project comprises eight wind farms, with a t ...

Longyuan Power has achieved 10GW of wind installations, after its Longtan Wind Farm in southwest China's Yunnan province went into operation. The 49.5MW Longtan Wind Farm is based in Qujing city, 2,500 metres above sea level. It comprises 33 high-altitude wind turbines made by Guodian United Power. Xie Changjun, general manager of Longyuan Power, said that though the local wind resources were not that rich ...

Chinese turbine manufacturer Sinovel is coming under increasing pressure at home after its decision to put staff on what it described as "paid vacation. Between 15 November and early December last year, the company indefinitely released 407 workers (14% of staff) on lower rates of pay, causing protests outside its head office. Sinovel described the plan as a "paid vacation", with staff given full salary for ...

Changyuan Group Ltd. announced that based on the 2012 sixth centralized tendering information released by the State Grid Corporation of China (SGCC), three holding subsidiaries under the company won bids for related projects, with the sum of contracts awarded being CNY 98.6328 million. Shenzhen NARI Automation Co., Ltd. wins bid for safeguard supervisory equipment, with contract awarded being CNY 78.2028 mi ...

India’s power sector reforms in 2013 would be led by the distribution segment, armed with the newly-announced debt restructuring package for state utilities. The Centre has backed the package with measures to ensure it does not meet the same fate as the one-time-settlement scheme of 2001. Also, most states have defeated political interference on revising retail rates, which will show in healthy balance shee ...

Odisha Power Transmission Corporation Limited (OPTCL) has signed a joint venture (JV) agreement with the national electricity carrier Power Grid Corporation of India Ltd (PGCIL) to strengthen transmission network. The joint venture agreement, would also execute transmission projects worth Rs 2,000 crore in the state. The JV would have 50:50 stake which is the first of its kind in the state, Energy Secretary ...

Powergrid Corporation of India Ltd (PGCIL), India's largest power transmission utility, announced it would invest Rs 16,300 crore in two phases in Bihar to ramp up the electricity grid system of the state. The investment would be done through a new Joint Venture (JV) company between PGCIL and Bihar State Power Holding Company Ltd (BSPHCL) called Bihar Power Grid Company Ltd. The two sides had signed an agre ...

State Grid Corporation of China, the world’s largest State-owned utility, plans to invest $30 to $50 billion in overseas assets until 2020. Liu Zhenya, general manager of the State-owned power grid, said that by 2020 the company’s overseas assets will increase to 10 percent of the total from the current 2 percent. The company’s overseas assets are now worth more than $8 billion, and their investment return ...

China is currently in the midst of an ambitious, government-backed five-year plan to develop more clean energy resources, and now the government is looking to overhaul its solar panel industry to fix some notable weaknesses. In recent years, the country's solar panel providers have suffered some major losses due to price wars and excessive production. China's new plan will seek to encourage mergers and will ...

China Sunergy opened a factory in Istanbul with Turkish partner Seul Energy Investment Corp. as it seeks to expand access to European customers. China Sunergy will make solar modules in a 150-megawatt production line starting next month, it said yesterday in a statement. A 100-megawatt solar-cell facility is also being built and is due to start in March, while 200 megawatts of production capacity will be mo ...