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China Power to inject hydro projects into listed unit

Tue Mar 3, 2009 3:55am EST

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BEIJING, March 3 (Reuters) - China Power Investment Corp aimed to inject its hydropower projects into its Hong Kong-listed electricity generation unit, China Power International (2380.HK), 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 China Power Investment.

Li, who is also chairman of China Power International, said coal contract prices should cut by 5 percent to 10 percent this year from last year. (Reporting by Joanne Chiu and Michael Wei; Editing by Ken Wills)



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