Feature story: Energy & Environment
Diamonds in the rough
January 2010: The power sector is in for a tough year, but some companies could shine
At a time of weakness and ongoing uncertainty affecting vast areas of the global economy, China's independent power producers (IPPs) remain worthy of special sympathy. Not even the prospect of economic growth is likely to bring them much cheer. They must buy a raw material - coal - subject to market-driven price fluctuations, and with it make a product - electricity - over which they have no real pricing control.
"The business [of IPPs] as a whole is never attractive," s...
"The business [of IPPs] as a whole is never attractive," s...
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