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<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published April 26, 2010
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Tuas Power raises market share
China Huaneng says unit's share of S'pore market in Q1 up to 24.5%
By RONNIE LIM
CHINA'S biggest power producer China Huaneng, which has just announced a 41 per cent jump in first-quarter earnings thanks to surging domestic electricity demand, said that its Singapore unit Tuas Power boosted its market share here in Q1.
Tuas Power - Singapore's third-largest generating company with 2,670 megawatts - upped its share of the local electricity market to 24.5 per cent, from 22.4 per cent in Q1 last year, China Huaneng said.
Last year, Malaysian YTL-owned PowerSeraya became the market leader here with a 27.2 per cent share, overtaking French-Japanese owned Senoko Energy, which dropped to second place with 26.4 per cent. Tuas Power was third with 24.3 per cent, figures from Energy Market Company recently showed.
=> Sure sounds like Your Peesai has been divided up like how 8 nations carved out China in the decadent Ching dynasty!
China Huaneng said this week that its Q1 ___________net profit was 952.82 million yuan (S$191 million),[/SIZE] up from 676.25 million yuan a year back.
In Q1, its domestic generation within China rose 40 per cent year on year to 58.578 billion kilowatt hours (kwh). It attributed this to higher economic activity that boosted power use nationwide, as well as its own sales efforts.
China Huaneng has controlled generating capacity of 49,433 MW and equity-based capacity of 45,912 MW.
In Singapore, it is boosting Tuas Power's capacity and has started construction of a stand-alone $2 billion clean coal/biomass cogeneration plant that will produce 1,000 tonnes of steam per hour and 160MW of electricity for industries on Jurong Island.
Tuas Power is also spending $400 million to build a fifth gas-firing combined cycle plant of about 400MW, replacing an older steam plant.
</TD></TR></TBODY></TABLE>
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Tuas Power raises market share
China Huaneng says unit's share of S'pore market in Q1 up to 24.5%
By RONNIE LIM
CHINA'S biggest power producer China Huaneng, which has just announced a 41 per cent jump in first-quarter earnings thanks to surging domestic electricity demand, said that its Singapore unit Tuas Power boosted its market share here in Q1.
Tuas Power - Singapore's third-largest generating company with 2,670 megawatts - upped its share of the local electricity market to 24.5 per cent, from 22.4 per cent in Q1 last year, China Huaneng said.
Last year, Malaysian YTL-owned PowerSeraya became the market leader here with a 27.2 per cent share, overtaking French-Japanese owned Senoko Energy, which dropped to second place with 26.4 per cent. Tuas Power was third with 24.3 per cent, figures from Energy Market Company recently showed.
=> Sure sounds like Your Peesai has been divided up like how 8 nations carved out China in the decadent Ching dynasty!
China Huaneng said this week that its Q1 ___________net profit was 952.82 million yuan (S$191 million),[/SIZE] up from 676.25 million yuan a year back.
In Q1, its domestic generation within China rose 40 per cent year on year to 58.578 billion kilowatt hours (kwh). It attributed this to higher economic activity that boosted power use nationwide, as well as its own sales efforts.
China Huaneng has controlled generating capacity of 49,433 MW and equity-based capacity of 45,912 MW.
In Singapore, it is boosting Tuas Power's capacity and has started construction of a stand-alone $2 billion clean coal/biomass cogeneration plant that will produce 1,000 tonnes of steam per hour and 160MW of electricity for industries on Jurong Island.
Tuas Power is also spending $400 million to build a fifth gas-firing combined cycle plant of about 400MW, replacing an older steam plant.
</TD></TR></TBODY></TABLE>
