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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N.L., Ottawa agree to shield ratepayers from Muskrat Falls cost overruns
ST JOHNS - Ottawa and Newfoundland and Labrador say they will rewrite the financial structure of the Muskrat Falls hydro project to shield ratepayers from paying for the megadam's cost overruns.
Federal Natural Resources Minister Seamus O'Regan and Premier Dwight Ball announced Monday that their two governments would scrap the financial structure agreed upon in past federal-provincial loan agreements, moving to a model that redirects benefits to ratepayers.
Both politicians called the announcement, which was light on dollar figures, a major milestone in easing residents' fears that electricity rates will spike sharply when the over-budget dam comes fully online next year.
"We…
