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SUNTECH Power Holdings Co has named a new CEO amid financial struggles and concerns that the company was the victim of fraud.

Suntech yesterday said David King is replacing Shi Zhengrong as CEO. King previously served as Suntech's CFO.

Shi will remain as executive chairman and chief strategy officer of the company, which is among the largest solar panel makers in the world.

Suntech, like
CHINA has raised fuel prices by 4-5 percent, the first increase since March, in response to a rebound in global crude oil rates.

The rise follows a series of three price cuts between May and July amid tepid growth in oil demand as the overall economy slowed.

The price for gasoline was increased by 390 yuan (US$61) per ton and diesel by 370 yuan per ton, the National Development and Reform C
China has completed the installation of the world's largest hydropower-generating unit and launched a trial, according to the China Three Gorges Corporation.

Workers are testing the generator with a capacity of 800,000 kW at the Xiangjiaba hydropower station, which is located in the lower reaches of the Jinsha River, a major headstream of the Yangtze, said a spokesman with the corporation Frid
A SHANGHAI energy company will provide more than 10,000 tons of jet biofuel refined from waste cooking oil to a Dutch company with clients that include more than 20 major global airlines.

Shanghai Luming Environment Science Co Ltd has signed a letter of intent with Netherlands-based SkyNRG, a major jet biofuel supplier, to provide the refined swill oil, both companies told Shanghai Daily yeste
CHINA is the coal capital of the world. With few of its own oil and gas resources, the nation depends on its vast coal reserves to literally fuel growth. Expanding in recent years at a rate of one new coal-fired power plant a week on average, the country's coal capacity is expected to triple that of the United States by 2015.
As inflation slows, State can help plants to battle high cost of coal

BEIJING - Now is a good time to raise electricity prices to ease power plants' losses while China's inflationary pressure is easing, experts with the Energy Research Institute of the National Development and Reform Commission (NDRC) said on Monday.

The government has to confront the severe discrepancy between coal and pow
Solar panels are seen in the desert at Wulan County, Qinghai Province. The 50-megawatt solar power station will start power generation by the end of September. It is China's largest solar power station above 3,000 meters.
For any company, pouring 100 billion yuan (.47 billion) into a fledging industry could be risky, according to Li Hejun, president of Hanergy Holding Group Ltd, a private Chinese power generator that is betting on a niche technology in solar cells.




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