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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Warren Buffett’s Secret To Cheap Electricity: Wind
OMAHA NE - In his latest letter to Berkshire Hathaway shareholders, Warren Buffett used the 20th anniversary of Berkshire Hathaway Energy to tout its cheap electricity bills for customers.
When Berkshire purchased the majority share of BHE in 2000, the cost of electricity for its residential customers in Iowa was 8.8 cents per kilowatt-hour (kWh) on average. Since then, these electricity rates have risen at a paltry <1% per year, with a freeze on rate hikes through 2028. As anyone who pays an electricity bill knows, that is an incredible deal.
As Buffett himself notes with alacrity, “Last year, the rates…
