Louisiana Light • 3 days | 91.16 | -0.74 | -0.81% | |||
Bonny Light • 2 days | 95.60 | -0.40 | -0.42% | |||
Opec Basket • 3 days | 95.01 | -0.81 | -0.85% | |||
Mars US • 1 day | 88.73 | -0.10 | -0.11% | |||
Gasoline • 1 day | 2.562 | -0.058 | -2.22% |
Bonny Light • 2 days | 95.60 | -0.40 | -0.42% | |||
Girassol • 2 days | 96.55 | -0.49 | -0.50% | |||
Opec Basket • 3 days | 95.01 | -0.81 | -0.85% |
Peace Sour • 2 days | 84.13 | -0.03 | -0.04% | |||
Light Sour Blend • 2 days | 84.63 | -0.03 | -0.04% | |||
Syncrude Sweet Premium • 2 days | 93.23 | -0.03 | -0.03% | |||
Central Alberta • 2 days | 84.13 | -0.03 | -0.04% |
Eagle Ford • 3 days | 86.11 | -0.65 | -0.75% | |||
Oklahoma Sweet • 3 days | 86.00 | -0.75 | -0.86% | |||
Kansas Common • 3 days | 80.00 | -0.50 | -0.62% | |||
Buena Vista • 4 days | 95.23 | -0.92 | -0.96% |
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As if any proof is need of rising Chinese economic power in Europe, Chinese companies are now bidding for power plant contracts in Poland.
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During the Cold War and the Sino-Soviet dispute, the Peopleâs Republic of Chinaâs sole European ally was Albania.
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On 25 July China National Electric Engineering Co. (CNEEC) submitted an offer to build a generator in Jaworzno and earlier participated in a tender organized by the Poznan-based company Enea for the construction of a coal-fired power station in Kozienice, with each of the investments worth $1.42 billion, Warsawâs Rzeczpospolita newspaper reported.
CNEEC is one of five companies competing for the Jaworzno contract, which involves constructing a coal-fired generator with a capacity of 1,000 megawatts, to be completed by 2016.
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Director Marek Frydrych from Sunningwell International, which represents the interests of Chinese energy companies in Poland, stated that Chinese banks are capable of financing up to 85 percent of a project's costs, adding, "EximBank of China does indeed support Chinese exporters, including the services sector, by providing long-term loans - even up to 30 years - for foreign investments."
The Chinese have also discussed the possibility of financing investments with the representatives of Energa, which is preparing to build a power plant in Ostroleka, and with Kulczyk Investments, which is planning to erect a plant in Pelplin. Each of these investments will have a capacity of 1,000 megawatts.
By. Joao Peixe, Deputy Editor OilPrice.com
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