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’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.
Mongolia President Tsakhia Elbegdorj set an end-of-year deadline to select companies to develop part of its biggest coal field, seeking to resolve a year-long battle for the resource between groups from five nations.