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Article: POWER ALLIANCE IS BREAKING UP?

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AsiaInfo Services
Article date:
March 5, 2009
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AsiaInfo Services
03-05-2009
Power Alliance Is Breaking Up?

NANJIANG, Mar 05, 2009 (SinoCast Daily Business Beat via COMTEX) -- A power plant under the aegis of China Resources (Holdings) Co., Ltd. is said to have signed a contract with China Shenhua Group Corp. upon the purchase of four ships of coal for power generation.

The contract, if the saying is true, will be the first of its kind since Chinese power generators and coal producers failed to reached accord in late 2008 in the talks about the coal prices for the 2009 supply contracts.

More importantly, it will mean that the power generator alliance is breaking up, which is composed of China Resources (Holdings) and the country's Top ...

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