Photo: Reuters
China: Power Production Utility Claims 58% Loss In Profits
China on October 27, reported heavy loss in profits due to the surging coal prices. Huadian Power International, a subsidiary of China Huadian Corp, reported that the profits for January- September period dropped 58% which is estimated to be 1.8 billion Yuan. Analysts blame the losses incurred due to an incredible surge in thermal coal prices, along with a high demand of electricity in the country.
Tags: China, electricity shortage, Coal, beijing
Courtesy: Reuters
Photo: Reuters
Water, Power Cuts Agitates Protest In Iraq Amid Scorching Temperature
Hundred of Iraqis took to the streets of Baghdad on July 2 to protest against the excessive power and water cuts amid scorching temperatures of 50 degrees in some parts of Iraq. Residents reported that the power went out completely before dawn in most of the country’s provinces. Iraqis are seen criticizing the government for not providing enough electricity to its citizens. "It's just getting worse,” said Haider Hussein, a 32-year-old laborer… read-more
Tags: Iraq, electricity shortage, water crisis, baghdad
Courtesy: Reuters
