China’s leaders want to lift the gray blanket of deadly smog that often chokes Beijing’s residents by shifting power plants to the less populated western part of the country inhabited by minorities. That’s turning into a nightmare for Ani Yetahon who lives in Oriliq, a village about 1,800 miles from the capital where some residents still walk to the well for their water.
AGL Energy Ltd., Marubeni Corp. and ERM Power Ltd. made final bids for two state-owned power plants being sold in Australia that may fetch more than A$1.5 billion ($1.3 billion), said three people with knowledge of the matter.
Shenhua Group Corp. , China’s sole producer of fuels from coal, may more than quadruple output to 3 million metric tons annually by 2015 compared with this year to help meet demand from the world’s fastest-growing major economy.
Shenhua Group Corp. , China Huaneng Group and TruEnergy Pty, a unit of CLP Holdings Ltd. , are among potential bidders for New South Wales’ A$8 billion ($7.2 billion) electricity privatization, the Australian Financial Review said.
China Shenhua Energy Co., the biggest coal producer in China, will buy two wholly-owned units of its parent for 9.32 billion yuan ($1.5 billion), as it expands operations and seeks to improve profitability.
Three companies that mine coal in Mongolia’s Tavan Tolgoi basin have agreed to export 1 billion tons of the fuel to China’s Shenhua Group Corp. in the next 20 years, said the chief executive officer of one of the suppliers.