Japan's nuclear crisis should not derail China's plan to develop the nuclear power industry, said the head of research at China National Nuclear Corp (CNNC), the country's largest nuclear plant operator, on Friday.
State Grid Corporation of China, the biggest power-network operator in the country by market share, said it will expand its smart grid construction in fileds such as electric-charging stations and wind-power installations in 2011.
Extract Resources Ltd expects China will remain keen to expand its nuclear power program and gain access to the explorer's Husab uranium project in Namibia after an earthquake and tsunami damaged reactors in Japan.
China aims to make major technological breakthroughs in developing shale gas to optimize the nation's energy structure, the nation's top energy official said on Thursday.
China will start building a nuclear power plant next month using fourth-generation technology that may be less susceptible to meltdown than Japan's damaged Fukushima Daiichi plant.
Total Group, one of the largest integrated oil and gas companies in the world, announced a plan to invest 30 million euros ($42.6 million) in a new lubricant blending plant in Tianjin, a coastal city in northern China. The investment will help the company expand its presence in the world's second-largest lubricant market.
Shenhua Group Corporation Limited, China's largest mining company by output, said the consortium of Shenhua and Mitsui & Co Ltd, a Japanese major trading company, has been shortlisted to develop the central-western part of the Tavan Tolgoi coalfield in Mongolia.
State-owned China Guangdong Nuclear Power (CGNPC) may cut its proposed 756 million pound ($1.2 billion) offer for uranium miner Kalahari Minerals in light of Japan's nuclear crisis, a CGNPC official said on Wednesday.
China National Nuclear Corp (CNNC), the country's largest nuclear plant operator, has started trial production at its first overseas uranium mine. The move comes as China increases efforts to secure more of the metal used in nuclear power production, from overseas acquisitions.
China National Offshore Oil Company Limited announced Wednesday that its net profit surged 84.5 percent year on year to 54.41 billion yuan ($8.29 billion) in 2010.
China will begin to select locations for its third phase of the strategic oil reserve project, an official said, the National Business Daily reported Wednesday.
China's first coal emergency storage proposal has been approved by the State Council, and the first batch of reserve has been set at five million tons, the Shanghai Securities News reported Wednesday, citing information from the China National Coal Association.
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