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China Power to inject hydro projects into listed unit
(Agencies)
Updated: 2009-03-03 17:38 China Power Investment Corp (CPIC) aimed to inject its hydropower projects into its Hong Kong-listed electricity generation unit, China Power International, in the first half of 2009, a senior executive said on Tuesday. China Power International has not yet completed negotiations on its 2009 coal contracts, said Li Xiaolin, vice-president of CPIC. Li, who is also chairman of China Power International, said coal contract prices should be cut by 5 percent to 10 percent this year from last year. (For more biz stories, please visit Industries)
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