JAKARTA (AFX-ASIA) – State-run electricity company PT Perusahaan Listrik Negara (PLN) has dismissed as incorrect a report that it has received warnings about bomb threats to three of its major power generators. “Mr Eddy (PLN president Eddy Widiono) has made it clear that there are no such threats,” a company spokesman told AFX Asia. Earlier,...
BEIJING (AFX-ASIA) – Premier Zhu Rongji and National People’s Congress chairman Li Peng have agreed to appoint Chai Songyue, former governor of Zhejiang province, as head of a new power regulatory commission, the Financial Times reported over the weekend, citing official sources. The China Electricity Regulatory Commission, a ministry-level body, will be established in the...
SHANGHAI (AFX-ASIA) – Shenzhen Energy Investment Co Ltd said its board of directors has agreed to dismiss company chairman Lao Derong and remove her from the board. The board is proposing Wang Xuewei, a vice chairman of the company’s parent Shenzhen Energy Group, as a candidate to replace Lao on the board, the company said,...
Singapore’s Keppel Corporation Limited, through its offshore unit in Keppel Offshore & Marine Ltd (Keppel O&M), has clinched another contract to build a swamp barge from repeat customer, PT Apexindo Pratama Duta Tbk of Indonesia. The S$25 million contract for the swamp barge, Yani, is the third contract PT Apexindo has awarded to Keppel FELS...
US inventories of propane continued their recent slide with a weekly stock draw measuring nearly 1.4 million barrels, and ended the week of October 25, 2002 at an estimated 66.5 million barrels, said the US Department of Energy. Since October 1, US inventories of propane have fallen by 4.7 million barrels. Unseasonable cold weather is...
MANILA (AFX-ASIA) – The Philippine National Oil Co’s Energy Development Corp has signed a 50-50 joint venture agreement with the Aboitiz group for the second phase of a US$120 million wind power project, PNOC-EDC president and chief executive Sergio Apostol said. He said the agreement allows a joint feasibility study for the project, which should...
Malaysia posted a trade surplus of RM31.2 billion for the first eight months of 2002 despite a drop in the value of its crude export. (US$1=RM3.8). Both exports and imports grew by 3.6% (+RM8.0 billion) and 6.6% (+RM12.4 billion) respectively, said the Malaysian Department of Statistics. Total exports amounted to RM231.5 billion while imports were...