IN BRIEF (Page 15)

Huaneng to raise clean energy mix

China Huaneng Group, the nation's biggest power generator, plans to produce about 35 percent of its electricity from clean energy by 2020, said President Cao Peixi.

The company will increase development of alternative energies including solar, wind, hydro and nuclear, Cao said at a forum in Beijing over the weekend.

China Huaneng plans to reduce coal consumption per kWh of electricity by about 10 percent to 304 grams by 2020, Cao said.

Huaneng is scheduled to complete construction before the end of next year on the country's first power plant that converts coal into cleaner-burning gas.

The pilot 250-mW plant will be in the northern port city of Tianjin.

Metro trains roll out for India

In a first for China's high-end self-developed metro trains, China South Locomotive Rolling Stock Corp Ltd (CSR) is exporting its rolling stock and engines to India's largest port city Mumbai. The shipment was scheduled to leave today from Shanghai, CSR said in a newsletter.

The metro was built at CSR's subsidiary unit Puzhen, which before made trains for Shanghai, Nanjing, Hangzhou and Shenzhen.

Datang Telecom profits surge

Datang Telecom Technology Co Ltd, a major developer of China's TD-SCDMA 3G standard, said its net profit rose 25.91 percent from the previous year to 57.47 million yuan in 2009.

Business revenue surged 18.66 percent to 3.21 billion yuan in 2009, the company said in its annual report filed with Shanghai Stock Exchange.

Earnings per share were 0.13 yuan, up 25.87 percent year on year.

Rise in production at Shandong Gold

Shandong Gold Mining Co Ltd reported that its net profit rose 17.08 percent in 2009. Its annual report filed with the Shanghai Stock Exchange said profits for the Shandong-based company reached 746 million yuan, translating to earnings of 1.05 yuan per share, up 16.67 percent from the previous year.

The company attributed the surge in net profit mainly to its increasing gold output, which reached 17.67 tons last year, an 11.86 percent rise, due to better management practices and acquisition of new goldfields.

China Daily - Agencies

(China Daily 03/23/2010 page15)