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Article: CHINA POWER INVESTMENT TO EXPLOIT COAL-RELATED GAS
- Article from:
- AsiaInfo Services
- Article date:
- November 12, 2009
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AsiaInfo Services
11-12-2009
China Power Investment to Exploit Coal-Related Gas
YILI, Nov 12, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese power operator China Power Investment Corporation (CPI) will pump around CNY 50 billion into two coal-related gas exploitation projects in Yili, Xinjiang, northwest China.
In detail, the company will jointly invest in a natural gas exploitation project with Xinwen Mining Group Co., Ltd., a Chinese coal mining and production company, and exploit the other one dependently in the near three to five years.
The aggregated natural gas output of the two projects will hit 12 billion cubic meters yearly after the completion, accounting for more than ...