(February 16, 2006) China’s power-plant construction spree means heavy state losses, analysts tell 21st Century Economic Report.
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Ertan’s market failure and the World Bank’s outlook for China’s power sector
(February 22, 2006) The World Bank has given China’s second-largest hydropower project a satisfactory rating on its financial performance, despite its failure to meet the Bank’s financial targets and its near-bankruptcy in the first five years of operation.
Noisy scenes over Lavalin
(February 16, 2006)The State Assembly witnessed noisy scenes over the SNC Lavalin issue as Electricity Minister Aryadan Mohammed replied to allegations made by Opposition members.
Relics fear death by water
The money Beijing has earmarked to excavate historic sites and relics before they are inundated by the Three Gorges reservoir can save just one-tenth of what’s there, says Yu Weichao, curator of the Museum of Chinese History.
Ready to face any inquiry into SNC Lavalin deal, says CPI (M)
(February 15, 2006) Party State secretariat accuses ruling front of having falsified facts.
Export credit agencies’ graft crackdown stalls
(February 15, 2006) New international anti-bribery guidelines for export credit agencies were due to be agreed in principle early next month. Opposition from Berlin and Tokyo, plus several smaller countries, means the decision will now be delayed by months, if not years, according to officials close to the negotiations, which are taking place in the Paris-based Organisation for Economic Co-operation and Development.
Export bribery rules challenged
(February 15, 2006) Tough new guidelinesGermany and Japan have challenged new draft global anti-corruption guidelines for exporting companies, according to documents seen by the BBC. The countries say that rules aimed at improving the transparency of export credit agencies are too bureaucratic.
CAG finds lapses in deal with SNC Lavalin
(February 14, 2006) The KSEB signed an MoU with Lavalin in August 1995. Under the provisions of the MoU, the funds for the renovation were to be arranged by SNC Lavalin from the Export Development Corporation (EDC), Canada, and the Canadian International Development Agency (CIDA). The Board did
so, ignoring the CEA’s recommendation that immediate replacement of the generating units at the allivasal power station was not called for as the plant was in fairly good condition.
Gorges official slaps tour scare stories
Tourists do not need to hurry to visit the Three Gorges dam area because “the rising water level will only add to the beauty of that section of the river,” Xinhua news agency quotes a tourism official as saying.
China’s power-sector reform plans fail to impress
(February 14, 2006) Beijing is banking on new foreign money to help the domestic power industry become more market-oriented, but only a few foreign players remain interested in China.
China sets overall plan for Yangtze water resources
People’s Daily reports on a new, ‘more feasible and efficient’ program to manage water resources in the Yangtze River valley.
CAG report finds major lapses in deal with SNC Lavalin
(February 13, 2006) The supply of goods and services were actually made by other firms at much higher costs leading to ‘extra avoidable payments.’ Quality of renovation work executed by the contractor in the absence of technology transfer and training could not be ensured.
Kenya corruption charges rattle relations
(February 13, 2006) A former Kenyan anti-corruption czar responsible for distributing a tape that implicates his government in corruption is facing allegations he was a spy for Britain.
Dam migrants to move on schedule
Officials express confidence that 170,000 more people will have been moved out of the Chongqing area by the time the Three Gorges reservoir is filled next June.
Top Lesotho water boss charged
(February 12, 2006) The former top Lesotho official on the Highlands Water Commission, now an influential adviser on water matters with The New Partnership for Africa’s Development, has been charged with bribery involving over R1-million.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
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Probe International 