China power cuts set to increase on rising coal costs

alp227

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Wed May-18-11 01:29 AM
Original message

China power cuts set to increase on rising coal costs

Source: BBC News

China has started rationing electricity to try and stave off an energy shortage that government officials say could be the worst since 2004.

State-owned power generating companies are dealing with high global energy prices that have cut their profits.

China has also banned the export of diesel, to try to meet domestic demand.

Power cuts occur every summer, but this year rising coal costs and a drop in hydropower output mean they could be much more severe.

Read more: http://www.bbc.co.uk/news/business-13435392

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madrchsod

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Wed May-18-11 04:14 AM
Response to Original message

1. no coal or grain from the middle of america...

the barges are not going to run for a long time. there`s not enough rail cars to replace barges.

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