#China


EU ministers worry over Chinese steel dumping

Belgium, Brussels: Some of EU trade ministers who met in Brussels on Monday 29 February to discuss steel trade anti-dumping measures believe the EU needs to tighten up its anti-dumping rules to protect its steel industry from cheaper Chinese imports.

Siemens receives biggest HVDC transformer order to date

Germany: Siemens has received an order for 14 ultra-high-voltage direct current (UHVDC) converter transformers for the Nanjing station of the Shanxi Jinbei-Jiangsu Nanjing transmission project in China.

EU sets 5-year anti-dumping duty on GOES imports

As of 29 October 2015 the European Union imposed a definitive anti-dumping duty on imports of certain grain-oriented flat-rolled products of silicon-electrical steel originating in the People’s Republic of China, Japan, the Republic of Korea, the Russian Federation and the United States of America, the EU Official Journal states.

XD Group develops China’s first high performance transformer

China: China XD Group Corporation, Chinese manufacturer of high voltage and ultra-high voltage transmission and distribution equipment, recently developed country’s first high performance 220 kV 70 MVA series transformer, according to China Daily.

Chinese transformer manufacturer applies for bankruptcy

China: Five months after Baoding Tianwei Group became the first state-owned Chinese company to publicly default on a bond payment, the Chinese manufacturer of power transformers will apply for bankruptcy protection, reports Reuters.

China Steel to file first local anti-dumping lawsuit

China, Beijing: China Steel Corp, the nation’s largest steelmaker announced that it was preparing to lodge anti-dumping lawsuits against Chinese and South Korean peers to protect its interests.

Chinese State Grid may bid for ABB’s Power Grids business

China, Beijing: The Chinese state grid operator’s hunt for $50 billion in overseas assets makes it a potential bidder for ABB’s power grids business in what would be another step toward creating a global energy internet.

China to invest $315 billion in power distribution network

China, Beijing: China is planning to invest at least $315 billion (2 trillion yuan) in the construction of its power distribution network during 2015-2020, including an investment of $471 million (300 billion yuan) in 2015, according to an action plan on power distribution network construction and transformation for 2015-2020 released by the National Energy Administration on Monday.

TBEA and Chint Electric awarded transformer contracts in Zambia

Zambia, Lusaka: Chinese transformer manufacturers TBEA Company Limited and Chint Electric Company have been contracted by Zambia’s largest power company ZESCO to supply power transformers and shunt reactors for three substation upgrade projects.

L.R. Capital to invest $80M in TBEA subsidiary

China, Hong Kong: A global investment manager L.R. Capital is investing $80 million (RMB 500 million) in the pre-IPO financing of Xinte Energy, a subsidiary of Tebian Electric Apparatus Stock Company Limited (TBEA).

Malaysian Indkom looks at expansion in the Middle East

Malaysia, Selangor: Indkom Engineering, a Malaysian manufacturer of power distribution equipment and one of the largest suppliers of the national utility company Tenaga Nasional, is looking to expand its business on the international front, with China, Yemen, Jordan, Brunei, Singapore and Saudi Arabia on its radar for new business opportunities.

VPower installs first 33 kV/230 kV power transformer in Myanmar

China, Hong Kong: VPower, a Hong Kong-based short to medium term power generation company, has launched a gas-fired interim power plant in Rakhine State, Myanmar, which is the first gas-fired power plant that connects directly to the country’s 230 kV grid.