SCMP | 15th Nov 2008
Seven power plants, including ones operated by China Datang Group, Shenzhen Energy Group, China Power (SEHK: 2380) Investment Group, China Guodian Group and China Huadian Group, were found by the Ministry of Environmental Protection to have failed to turn on their desulphurisation equipment in certain periods last year as required. They were ordered to rectify the failings before year-end. They will have to disgorge higher power revenues they enjoyed for the periods in which they failed to operate the equipment, which filters out sulphur oxide pollutants. They will also be fined five times the extra revenue earned. Eric Ng