(EnergyAsia, August 15 2011, Monday) — As China confronts the prospects of long-term power shortages, its largest coal producing company is planning to invest nearly RMB110 billion in coal, power and rail projects in the country’s far-western Xinjiang Uighur region. (US$1=RMB6.43). Of that, Shenhua Group Co Ltd will be allocating nearly half or RMB52 billion…
CHINA: Shenhua Group making big bets on coal and coal-to-oil projects in Xinjiang
Posted on August 15, 2011 by EnergyAsia