China to build 4,000-MW coal-fired plant
China Huadian signed a framework agreement in August 2007 to build the $2.2 billion power plant. In January 2008, the company signed a cooperation agreement with the municipal government of Chongqing and the government of Shaanxi province to build the project.
The project is scheduled to start construction this year and begin operation in the beginning of the Twelfth Five-Year Plan (2011-15). Upon completion, the project will not only help to meet the power demand in Shaanxi, but also transmit power to Chongqing through the northwestern power grid.
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LONDON - Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.
The analysis from Cornwall Insight, seen exclusively by the Guardian, shows the prime minister’s plan to tackle the cost of living crisis could cost as much as £140bn in a worst-case scenario.
Truss announced in early September that the average annual bill for a typical household would be capped at £2,500 to protect consumers from the intensifying cost of living crisis and a scheduled 80% rise in…
