China Resources Power buys coalmines, renewables
The countrys fourthlargest listed power company by market value is expected to buy 21 coal mines in Shanxi capital Taiyuan with total production capacity of more than 7 million tonnes a year and consolidate them into 13 mines, Chief Executive Officer Wang Shuai Ting told Reuters in an interview.
This will come after its purchase of 39 coalmines in Shanxi last year via joint venture Shanxi China Resources Liansheng Energy, as CR Power aims to secure coal supplies and cut costs.
The company will also invest 8 billion yuan US $1.17 billion to 10 billion yuan annually in renewable energy over the next three to five years and boost renewable energy to account for 15 percent of its energy mix, up from 4.7 percent now, Wang said on the sidelines of a regional power conference.
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Minister approves 30-megawatt wind farm expansion in Eastern Kings
CHARLOTTETOWN - A proposal to expand an existing wind farm in eastern P.E.I. has been given the go-ahead, according to P.E.I.’s Department of Environment, Water and Climate Change.
Minister Natalie Jameson approved the P.E.I. Energy Corporation’s Eastern Kings Wind Farm expansion project, the province announced in a release Wednesday afternoon.
The project will be subject to 17 conditions, which were drawn from a review of the 80 responses the province received from the public on the proposed Eastern Kings Wind Farm expansion.
The corporation must provide a summary on the status of each condition to the department on a monthly basis.
“This decision balances…
