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  • September 23, 2014
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  1. News - Hong Kong - ENERGY

    Smaller rise in power rates next year, says CLP

    Posted Aug 15th 2014, 04:06am by CHEUNG CHI-FAI

    ... coal prices and a series of measures that primarily reduced the use of more expensive natural gas to generate power. But CLP Power vice-chairwoman Betty Yuen So Siu-mai, in revealing the news ... a depleting Hainan reserve, which lessened its reliance on gas transported via the mainland's second West-to-East pipeline. Gas from the pipeline is said to be three times more expensive than ...

  2. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... to book higher operating expenses, asset depreciation and amortisation charges, and asset write-offs on unfavourable exploration results. Por attributed PetroChina and Sinopec's expected ...

  3. Business - China Business - ENERGY

    Sino-Dutch consortium spends up on feasibility study for tidal energy

    Posted Jul 21st 2014, 03:18am by Eric Ng

    ... Its estimated generation cost is 10 to 15 US cents per kilowatt-hour (kWh). This means it is about 10 per cent more expensive than a mainland nuclear power plant- among the most expensive ... project will need greater state subsidies than offshore wind turbines, already among the most expensive to produce and turn a profit. The Dutch consortium has spent about US$4 million ...

  4. Business - Commodities - ENERGY

    Investors dump Singyes shares on bond issue plan

    Posted Jul 18th 2014, 02:57am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Investors dump Singyes shares on bond issue plan Shares in building curtain wall and solar power project engineering firm China Singyes Solar Technologies Holdings slid 6.1 per cent after it unveiled plans to raise 930 million yuan (HK$1.2 billion) through a convertible bond issue. The proceeds will be used to repay debt and fund expenses ...

  5. Business - Commodities - ENERGY

    Deutsche Bank lends US$1b in Japan solar gold rush

    Posted Jul 09th 2014, 05:19am by Bloomberg

    ... that project sponsors use Japanese solar panels that international operators did not want to use because they were more expensive, he said. Unprecedented stimulus by the Bank of Japan to overcome ... for an expansion of monetary easing. The yen has weakened 15 per cent during the period to 101.76 per US dollar, making it more expensive for Japan to buy fuel from abroad. At least three of 12 solar power ...

  6. Business - Commodities - ENERGY

    Upstream gaps remain in massive China-Russia gas deal

    Posted May 27th 2014, 09:24am by Eric Ng

    ... would diversify Russia's gas markets and reduce its reliance on Europe, which buys the vast majority of its gas exports. It would also cut the mainland's reliance on expensive imported ...

  7. Business - Commodities - ENERGY

    Cost of importing power from China should be Hong Kong's first consideration, says CLP boss

    Posted May 09th 2014, 01:14am by Eric Ng

    ... years, is relatively small. The more important and more expensive consideration is the cost of energy you are importing," he said, citing CLP's annual gas import bill of over HK$10 billion. More important and expensive … is the cost of energy you are importing RICHARD LANCASTER The plan to import power from the mainland to meet environmental protection goals has fired debate ...

  8. News - Hong Kong - ENERGY

    Public demands more information about energy plans from government

    Posted May 12th 2014, 04:39pm by CHEUNG CHI-FAI

    ... if it is more expensive or cheaper [than the alternative],” he said. He also said the local-generation option could only be considered if the government could slash the profits of the power firms ...

  9. News - Hong Kong - ENERGY

    Mainland power price is top consideration, says CLP boss Richard Lancaster

    Posted May 09th 2014, 03:17am by Eric Ng

    ... is relatively small. The more important and more expensive consideration is the cost of energy you are importing," he said, citing CLP's annual gas import bill of over HK$10 billion. The plan ...

  10. Business - Commodities - ENERGY

    Exxon's Arctic oil drilling plans threatened by US sanctions on Russia

    Posted Apr 30th 2014, 01:31am by BLOOM

    ... Norway's Statoil and Eni of Italy. The Arctic well will be among the most expensive Exxon has ever drilled, costing at least US$600 million. The spending is justified by the potential prize. ...




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