#China


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.

BTW wins $195M UHV AC/DC contract from SGCC

China, Baoding: State Grid Corporation of China (SGCC) has awarded a $195million contract to Baoding Tianwei Baobian Electric Co., Ltd (BTW) for the supply of 4 packages of AC and HVDC transformers for two transmission projects.