Home>>Business
Last updated at: (Beijing Time) Wednesday, December 24, 2003

Coal giant to get 22-billion-yuan loans for power development

The China National Coal Group Corp.(CNCGC), a major state-owned coal company, will get loans amounting to 22 billion yuan (2.65 billion US dollars) from the State Development Bank (SDB) to meet its financial demands in the next four years.


PRINT DISCUSSION CHINESE SEND TO FRIEND


The China National Coal Group Corp.(CNCGC), a major state-owned coal company, will get loans amounting to 22 billion yuan (2.65 billion US dollars) from the State Development Bank (SDB) to meet its financial demands in the next four years.

SDB will actively support CNCGC in its bid to build a large coal production base and an international power giant by providingstable long-term capital support and financial services to CNCGC'smajor projects and technological renovation.

With total assets reaching 36.5 billion yuan (4.39 billion dollars), CNCGC now boasts a coal production capacity of 49 million tons with an installed capacity of 624,000 kilowatts.


Questions?Comments? Click here
    Advanced








 


Trade war? A buying spree for cheap Chinese goods ( 55 Messages)

Humanization reform gets started in prison in China ( 2 Messages)

China develops IPv6 technology to tackle IP address exhaustion ( 3 Messages)

Returned overseas students to work in government ( 2 Messages)

EU considers lifting 14-year-old ban on arms sales to China ( 8 Messages)



Copyright by People's Daily Online, all rights reserved