Tag: Building (Construction)

U.K. Moves to Attract Financing for Nuclear Plants

Chin@Strategy

The British government said on Tuesday that it would introduce legislation enabling a form of financing for nuclear power stations that it hopes will attract investors willing to put up billions of pounds to build new facilities. The government’s move, which would require consumers to help pay for these plants as they are being built, is expected to provide a green light for a long-delayed new nuclear station northeast of London, estimated to cost £20 billion ($27.5 billion). The British subsidiary of Électricité de France, the French utility, has done…

China Pledges to Stop Building Coal Plants Abroad: Explained

Chin@Strategy

Xi Jinping, China’s top leader, said on Tuesday that his country would stop building coal-burning power plants overseas, a major shift by the world’s second-biggest economy to move away from its support of the fossil fuel. China “will not build new coal-fired power projects abroad,” he told the United Nations General Assembly on Tuesday. The news comes amid a broad international effort to reduce coal use and to keep global temperatures from rising at their current pace, which scientists have warned could be disastrous. The announcement by China, which is…

Beyond Evergrande’s Troubles, a Slowing Chinese Economy

Chin@Strategy

BEIJING — Global markets have watched anxiously as a huge and deeply indebted Chinese property company flirts with default, fearing that any collapse could ripple through the international financial system. China Evergrande Group, the developer, on Wednesday said it reached a deal that might give it some breathing room in the face of a bond payment due the next day. But that murky arrangement doesn’t address the broader threat for Beijing’s top leaders and the global economic outlook: China’s growth is slowing, and the government may have to work harder…