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.
(China Daily March 4, 2009)
