Energy in China
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CHINA, 2017/09/17
CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny.
Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve.
Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
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CHINA, 2017/09/17
CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny.
Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve.
Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
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CHINA, 2017/08/12
Joint venture company is expected to develop new technologies to boost China’s maritime nuclear capabilities. China has announced plans to bolster its maritime nuclear capabilities with the creation of a major new joint venture project, which could as well provide the catalyst for the development of floating reactors in the South China Sea and beyond.
National-owned China National Nuclear Power announced on Thursday it was establishing the new company – with registered capital of one billion yuan (US$150 million) – in cooperation with Zhejiang Zheneng Electric Power, Shanghai Guosheng Group, Jiangnan Shipyard and Shanghai Electric.
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CHINA, 2017/07/09
A delegation from Uganda has visited China to familiarise itself with nuclear energy technology and to discuss cooperation. The African country plans to introduce nuclear into its next energy mix.
The delegation – led by Prisca Boonabantu, undersecretary in the Ministry of Energy and Mineral Improvment– comprised representatives from the ministry, the Uganda Atomic Energy Council and from Uganda’s embassy in Beijing. The visit took place on 2-5 May and was organised by China Zhonguan Engineering Corporation (CZEC), a subsidiary of China National Nuclear Corporation (CNNC). It followed a visit of Chinese officials to Kampala in March last year.
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CHINA, 2017/07/09
Massive Chinese infrastructure investments across the Eurasian landmass and Africa, together with the influx of Chinese personnel, are targeted by insurgents, rebels, and militants. The uncertainty in Ethiopia undermines China’s efforts to boost economic links with the African continent via the One Belt One Road Initiative.
Ethiopia, situated in the Horn of Africa and next to Djibouti where China is building its initial ever foreign military base, is a key node along the proposed route of the One Belt One Road, presently known as the Belt & Road Initiative (BRI). This ambitious project to reshape the world through infrastructure connectivity, however, is hampered by domestic conflicts and local opposition.
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CHINA, 2016/09/04
China does not pose a security threat and the planned UK nuclear power plant project at Hinkley Point, in which China has a 33 % stake, should go ahead as any minute at this time as possible, Vincent de Rivaz, chief executive officer of EDF said.
National-controlled EDF is the major contractor for the planned reactor in the southwest county of Somerset, with China's CGN providing an estimated 6 billion pounds of the 18 billion pound project. Writing in today's Sunday Telegraph Rivaz said: "We know and trust our Chinese partners. The control systems at Hinkley Point C will be isolated from major systems and the Internet."
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CHINA, 2016/04/07
Staff from China National Grid visited the power transmission projects in Brazil owned by Spanish group Abengoa to consider a possible acquisition of these assets, Reuters reported Tuesday.
The Spanish group, which requested creditor protection in November 2015 due to debts that could reach 25 billion euros, has ended any investment in Brazil, leaving some work to be completed.
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CHINA, 2015/11/18
China's electricity consumption, a key barometer of economic activity, edged down 0.2 % to 449.1 billion kilowatt hours (kwh) in October, official data showed Monday.
In the initial ten months, power use rose 0.7 % from a year before to 4.58 trillion kwh, according to data released by the National Energy Government (NEA).
Electricity use in October was mainly dragged down by a continued drop in power consumption by the metallurgical and building material industries, part others.
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CHINA, 2015/09/30
A Chinese company and two Ukrainian nuclear safety firms on Friday signed an agreement on cooperation in civil nuclear energy.
In accordance with the agreement, Qingdao Xianchu Group of east China's Shandong Province, and Ukraine's National Scientific and Technical Center for Nuclear and Radiation Safety and the Institute for Safety Problems at the National Academy of Sciences agreed to launch cooperation in such areas as scientific nuclear research and disposal of spent fuel and radioactive waste.
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CHINA, 2015/07/23
China will grant a loan of US$400 million to Mozambique, the all outstanding for the construction of a second power line for energy transmission from the centre to the north of the country, a government spokesman said Tuesday in Maputo.
Mouzinho Saide, who is as well Mozambique’s deputy health minister, said next a Cabinet conference that the US$400 million loan had been secured but according to daily newspaper Notícias, he did not mention either the date on which the loan will be granted or its conditions.
At the conference the government of Mozambique analysed ratified, part other things, the loan agreement concluded on 11 June, by which the Islamic Development Bank (IDB) offered to provide US$200 million dollars for the transmission line that will link Chimuara, in Zambézia province, and Nacala, in Nampula province, over a route of just over 600 kilometres.
