Business Digest

PUBLISHED : Tuesday, 02 January, 2007, 12:00am
UPDATED : Tuesday, 02 January, 2007, 12:00am


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ceci opens green power facility in jiangsu

China Energy Conservation Investment (CECI), the only state-owned investment firm in China involved in energy conservation and environmental protection, has begun operating a 24-megawatt power plant in Suoqian, Jiangsu province.

It is the first plant in the country to use domestically produced equipment to produce power by burning rice and wheat stalks, CECI said, adding that it would create 50 million yuan of annual income to local farmers.

The plant will use 160,000 to 200,000 tonnes of stalks a year, saving 100,000 tonnes of coal consumption and cutting 120,000 tonnes of sulphur dioxide emission.Eric Ng

petrochina oilfield posts output of 45m tonnes

PetroChina's largest producing oilfield in Daqing, Heilongjiang province, produced oil and gas equivalent to 45.35 million tonnes of oil last year, according to China Oil News. The field, which accounts for about 25 per cent of the nation's output, produced 45 million tonnes in 2005, 46.4 million tonnes in 2004 and 48.4 million tonnes in 2003.

It peaked at 55 million tonnes in the mid-1980s, but management said it is expected to stay above 40 million tonnes until 2020 due to deployment of new exploration and production technology. High growth of natural gas production also helped make up for falling oil output.Eric Ng

china huaneng and lineng form joint venture

China Huaneng Group, parent of listed Huaneng Power International, has formed a 50-50 joint venture with Shandong province-based coal and power producer Lineng Group.

The venture, Huaneng Shandong Lineng Coal and Power, has 840 megawatts of generating capacity in operation and is building 330MW, China Huaneng said. It has a long-term operating scale of 4,000MW. Eric Ng