China’s biggest coal power company plans to revive projects that had previously been suspended, a move that reflects the government’s desire to prioritize energy security.
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SOURCE / COMPANIES
By Global Times Published: Apr 22, 2021 06:44 PM
A woman walks in the rain in Sydney, Australia, March 20, 2021. Photo: Xinhua
China s energy conglomerate Shenhua Energy Co s recent statement about its withdrawal from a project in Australia s New South Wales is another unfair treatment by Australia to discriminate Chinese businesses, experts said.
In the statement by Shenhua Energy Co on Wednesday, the firm said they had reached an agreement after consultation with the New South Wales (NSW) government to withdraw from the Watermark project development at Breeza, south of Gunnedah, marking an end of a 12-year project since the company obtained the right to explore the Watmark area in 2008.