Word: huaneng
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Dates: during 1994-1994
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...most costly -- and crucial -- steps in cleaning up coal boilers is curbing sulfur emissions. They combine with water in the atmosphere to create sulfuric acid and thus produce acid rain. Yet only one Chinese power plant boasts desulfurization equipment. China Huaneng Group, the market- oriented Chinese company that built the plant, was able to cover the cost of installing the antipollution devices only because the government agreed to raise electricity rates to users, according to Huaneng president Wang Chuanjian...
...stocks on the N.Y.S.E. have recently headed in the direction he predicts. Brilliance China Automotive has been much less than brilliant, dropping from 29 7/8 at the height of Sinophoria in 1993 to the current 11 78. The once celebrated Shanghai Petrochemical is down as well, along with Shandong Huaneng Power, and its not too distant relative Huaneng Power, brought to New York by Lehman Bros., has been a turkey...