Guangdong Power Industry Fuel Co. Ltd. joins globalCOAL
LONDON AND SINGAPORE – 15 March 2011
globalCOAL® announced today that Guangzhou-based Guangdong Power Industry Fuel Co. Ltd. has joined the globalCOAL trading platform as a Market Member.
Guangdong Power Industry Fuel Co., LTD is a subsidiary of Guangdong Yudean Group Co., Ltd which is owned by the Guangdong Province government and by China Huaneng Group Co., Ltd. Guangdong Yudean Group has approximately 20,000MW of installed capacity across coal-fired, natural gas, hydroelectric, nuclear and wind power generation assets.
“Guangdong Power Industry Fuel is the first Chinese power group to join the globalCOAL trading community”, says Patrick Markey of globalCOAL in Singapore. “Considering the critical role China plays in the supply-demand balance of the international coal market, it is encouraging to see industry participants’ ever-growing interest in trading and information tools such as globalCOAL’s trading platform.”
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