News Digest: Companies short of electricity and feeling powerless

CIXI, Zhejiang – The timing could not be worse. Companies are trying to flex their muscles in an economy that has grown at breakneck speed since the global economic meltdown, and there’s not enough electricity to

News Digest: Himin offers new solution for high-temperature steam system

China’s Himin Solar Co Ltd launched the world’s first roof-installed solar high-temperature steam system for industrial utilization, the company said in a press release on May 7.Adopting the company’s latest solar concentrating technology — the Linear

News Digest: Tibet to become China’s leading solar power base

LHASA – Southwest China’s Tibet autonomous region is poised to become the country’s leading solar power generation base with 10 more photovoltaic power plants to be completed within this year. The new plants, with a total

News Digest: Oil rebounds on weaker US dollar

INVESTORS are buying oil again yesterday after last week’s plunge, pushing prices up more than 2 percent yesterday to over US$99 a barrel.Last week oil fell 15 percent, its steepest drop in two and a half

News Digest: China to double solar-power capacity by 2015

Country aims to double solar-power capacity to 10 gigawatts by 2015XI’AN – China’s solar energy industry is ready to boom in the next 10 years with the nation expected to become a major photovoltaic-module consumer after

News Digest: Production battles against the dark ages

Frequent power cuts caused by rising consumption and insufficient coal stocks, Wang Zhenghua and Wu Yiyao report from Zhejiang.Xu Shuhui had to tell his customers, once again, that their orders would be delayed because power cuts

News Digest: Power declines

THE power shortage in China is mainly due to a thermal power supply slump as the energy companies are struggling financially, a State Electricity Regulatory Commission official said yesterday.Increasing demand and lingering drought in China also

News Digest: Oil prices recover after US jobs report

OIL prices recovered after the US government said the economy added 244,000 jobs in April.The hiring spree last month was the biggest in five years. That could mean more people using gas to drive to work.Oil

News Digest: Businesses suffer from power shortages

THE small township of Songsha in east China’s Zhejiang Province is dubbed the “capital of umbrellas” because the output of its 1,000-plus small- and medium-sized umbrella makers accounts for about one-third of the nation’s total.However, the

News Digest: Thermal power supply slump causes power shortage

BEIJING – The power shortage in China is mainly due to a thermal power supply slump as the power companies are struggling financially, said State Electricity Regulatory Commission (SERC) officials on Thursday. Increasing demand and lingering