BIZCHINA / News |
Huadian Power to cut new plant spending(China Daily)Updated: 2007-06-14 08:42 Huadian Power International Corp, the fourth-largest Hong Kong-listed electricity producer, plans to cut spending on new plants by two-thirds next year to increase profitability. Capital investment may drop to 5 billion yuan to add 1,200 megawatts of capacity in 2008, said Zhang Gelin, head of the Beijing-based utility's securities department. Spending may total 15 billion yuan this year, Managing Director Chen Jianhua said on March 26. (For more biz stories, please visit Industry Updates) |