Nepal Parliament OKs China Dam Project. Africa’s Friend China Finances $9.3 Billion of Hydropower. When completed in 2013, Gibe III on Ethiopia’s Omo River will be Africa’s tallest dam, a $2.2 billion project that conservationists say will deprive birds and hippos of vital habitat. Some 600 miles (965 kilometers) to the north, Sudan is preparing to build the $705 million Kajbar dam on the Nile, which would inundate historic towns and tombs of the Nubian people, descendants of the pharaohs of ancient Egypt. The $729 million Bui project on the Black Volta River, to be finished in 2013, will boost Ghana’s hydropower capacity by a third -- and flood a quarter of Bui National Park while displacing 2,600 people. What these megaprojects have in common is Chinese money and know-how. Companies such as Sinohydro Corp. and Dongfang Electric Corp. are key players in their construction, and they’re financed by Chinese banks with support from the government in Beijing, Bloomberg Businessweek reports in its Sept. 12 issue.
A similar, if smaller, push is happening in newer renewable technologies. South Africa Strides Towards Nuclear Future - Maybe. While the 11 March 2011 nuclear catastrophe at Fukushima has caused a lot of soul searching among many countries with civilian nuclear energy programs, the picture changes when it comes to nuclear power ‘wannabe” nations. Many downplay safety concerns, preferring to see nuclear power generation of electricity as a quick fix to soaring energy import costs as well as a way to add a massive number of megawatts to the national grid at a stroke.
And for those nations with a green conscience, an added benefit is that nuclear power plants (NPPs) to not generate greenhouse gases. Select the reports you are interested in:NO-SPAM: Under no circumstances will we EVER rent, sell or give away your email This argument plays off the fact that about 90 percent of South Africa’s energy is currently generated by coal thermal plants, making the nation the world’s 11th highest carbon emitter. A single company, the state-owned Eskom, generates 95 percent of the country's electricity. Bribery? In Africa? By. Mozilla Firefox-Startseite. African Minerals, Chinese partner may build hydropower plant for Tonkolili. JOHANNESBURG (miningweekly.com) – Aim-listed African Minerals said on Tuesday that it had agreed to a memorandum of understanding (MoU) with China Communication Construction Company (CCCC), which could result in the construction of major hydroelectric power generation facilities at its Tonkolili iron-ore project, in Sierra Leone.
The MoU, which is exclusive for six months, would see African Minerals and the government of Sierra Leone establishing a joint venture to design an expansion to the Bumbuna hydroelectric power generation facilities to supply power for the second and third phases of the iron-ore project. Further, CCCC would also try to facilitate debt funding for the hydroelectric power infrastructure, and part-finance the design and construction of the second and third phases of the project.
African Minerals executive chairperson Frank Timis said the infrastructure development agreement, if consummated, would benefit the company, its stakeholders and Sierra Leone. Energy Sector first to benefit from BRICS. A large, high-level Chinese delegation led by Wang Zhixuan, Secretary General of the China Electricity Council (CEC), will be participating at Energex Africa to explore opportunities with local partners in Africa's energy sector.
CEC is a consolidated organisation of all China's power enterprises and institutions, with over 1440 members. Energex Africa, in partnership with the City of Joburg, takes place from 7 to 9 June at Gallagher Convention Centre, Midrand, Johannesburg. This announcement follows hot on the heels of President Jacob Zuma's visit in April to China, where he attended a BRICS (Brazil, Russia, India, China, South Africa) Leaders' Summit, following South Africa's recent admission to the group of emerging economies. This was followed by an announcement by the China Development Bank that it will channel $1.5bn to China's BRICS partners to fund infrastructure projects. China Guodian Corporation is one of the five biggest power generators in China. Companies. 10. China's Infrastructure Footprint in Africa - China in Africa - AGE (African Growing Enterprises) File.
One way of gauging the international competitiveness of the Chinese construction Industry is to look at the performance of Chinese firms under open tenders. Multilateral Agencies, such as the World Bank and it affiliated African Development Bank (ADB), require unrestricted International Competitive Bidding (ICB) to take place on all significant contracts that they finance. The procurement data from these agencies is publicly available and can be used to calculate the share of contract value going to Chinese firms bidding for projects in different segments of the market. This in turn provides an objective indication of the competitiveness of Chinese construction firms. In the case of the World Bank, it was possible to establish that since 1999 Chinese Contractors’ have been winning a significant share (10-20 percent) of African infrastructure contracts awarded by the International Development Association (IDA).
Chinese firms have also tended to capture the larger civil works contracts. China International Fund's New Bellzone-Kalia Guinea Deal. Last week China International Fund, the murky Hong Kong real estate, construction, and investment company, hit the news again with a confirmed report that CIF had signed a preliminary agreement to finance $2.7 billion in infrastructure connected with the development of Australian company Bellzone's proposed $4.45 billion Kalia iron ore mine in Guinea. A $40 million feasibility study still needs to be done before the deal goes forward. This appears to be part of the $7 billion in infrastructure deals that CIF had been negotiating with the Guinea government last year after the coup, and before the massacre of more than 100 Guinean opposition demonstrators at the national stadium. (This $7 billion has been described in many reports as "Chinese aid" with the spin that "China" stepped in when the West was about to sanction Guinea for the murders in the stadium.
See my earlier post Guinea: Bought by Beijing? But the two deals differ in some critical details. Chinese funds could help strengthen US infrastructure|2012 NPC and CPPCC. Updated: 2012-02-14 15:28 By Zhang Yuwei (China Daily) NEW YORK With Chinese investment into the United States increasing, Chinese companies' assistance in rebuilding the crumbling infrastructure system in the US comes at an opportune time. In the 2013 budget US President Barack Obama sent to Congress on Monday, he proposed more than $350 billion in short-term measures for job growth, including an investment of $50 billion from the surface transportation reauthorization bill for roads, rails, and runways to create new jobs.
Obama has, on many occasions, stressed the need to rebuild America's crumbling infrastructure. "Building a world-class transportation system is part of what made us an economic superpower," said Obama in a speech last year on job creation. China, on the other hand, has embarked on a fast lane of building its infrastructure in the past few years. This, he wrote, is most evident in the area of infrastructure. "Chinese investment can be really helpful. Romania seeks Chinese boost for nuke plant. Romania says it is courting investments from China for its plans to restart a stalled $5.8 billion expansion of its only nuclear power plant. Romanian Prime Minister Emil Boc this week told a Chinese audience at the Romanian-Chinese Economic Forum in Beijing he wants to turn his country into a "gateway for China into the European market," asserting it has important economic advantages.
Romania, he said, wants to be part of "the new modern Silk Road," in which political and trade relations between the two countries could be strengthened. He also said he's hoping to persuade Chinese investors to look at 20 public-private infrastructure projects in Romania, including the stalled building of two new reactors at the Cernavoda nuclear power plant, Units 3 and 4. In May the government said consortium of two South Korean companies led by KEPCO International had also shown interest in the nuclear plant. Boc is also seeking Chinese investment in other critical Romanian infrastructure projects. Business blitz from the East. Chinese Investors Show Interest In Romanian Energy And Infrastructure Projects. Acest site foloseste cookies. Prin navigarea pe acest site va exprimati acordul asupra folosirii cookie-urilor. Citeste mai mult.
Inchideti [X] Page doesn't exists BUSINESS DIGEST Articles Industry Leaders Interviews News companies Major companies Financial results events New Business Reality Major Companies in Romania HAVE A QUESTION? Open approach attracts Chinese investors. China Southern Power Grid Shortlisted for Privatization of Nigeria's Power Sector. Fresh facts have emerged over the identity of some of the 525 firms that were prequalified last week by the Bureau of Public Enterprises to take part in the next stage of the process for the privatisation of successor companies created from unbundling of the National Electric Power Authority - the precursor to Power Holding Company of Nigeria.
Investigations revealed that for the thermal (gas powered) generating stations, some of the prequalified bidders include AES Nigeria Barge Limited belonging to the Lagos State Government, and Korea Electric Power Corporation (KEPCO). In a separate transaction, KEPCO in conjunction with Sahara Energy, a leading integrated energy company in Nigeria, formed a joint venture - KEPCO-Energy Resources Limited (or KERL consortium) in 2006 - and is already in advanced negotiations with the BPE for the acquisition of the 1,320MW Egbin power station in Lagos. China Buys Into Portuguese National Power Company, Politicians Aghast.
In the capitalist dog eat dog world, financial distress is an opportunity for those flush with cash. The Portuguese economy, hammered by soaring debt, has led the government to attempt to reduce it by selling off investments in Redes Energeticas Nacionais, SGPS, S.A. (National Energy Network, formerly Rede Electrica Nacional, S.A., or REN), which in 2007 received a 50 year concession to operate Portugal’s national electricity transmission grid. Select the reports you are interested in:NO-SPAM: Under no circumstances will we EVER rent, sell or give away your email China's State Grid International Development Ltd. and government-owned Oman Oil Company SAOC will buy a 40 percent stake in REN for a combined $778 million. China's State Grid International Development Ltd. is paying $573 million for a 25 percent stake in REN, while Oman Oil Company SAOC is paying $205 million for a 15 percent share.
Why is Portugal putting such a strategic asset up for sale? Easy – dictates from Brussels. By. Welcome to China Southern Power Grid. With 10 Billion Dollar Credit Line, China Deepens Presence in Central Europe. With much of Western Europe distracted by the euro crisis, China has begun in recent months to intensify its role as an investor in Central and Eastern Europe -- both through loans and the acquisitions of firms.
Beijing has estimated foreign currency reserves of $3.2 trillion (€2.52 trillion), and some say the investment spree could be the start of something bigger. Last month, at the April 26 China-Central Europe-Poland Economic Forum in Warsaw, Chinese Prime Minister Wen Jiabao announced the creation of a $10 billion credit line to support Chinese investments in Central European infrastructure, new technology, and renewable energy. Wen's goal is to reach a volume of $100 billion in trade with Central Europe by 2015, an astounding turnaround for a country that was regarded with deep suspicion by the post-communist countries of Central Europe only a decade ago.
And for China, the political benefits of offering such a credit line may be just as important as the economic ones.