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    Rs8.6bn allocated for six power projects in Chitral

    08/19/2014

    The Khyber Pakhtunkhwa government has allocated Rs8.6 billion for construction of six medium sized hydropower projects in Chitral, having 527 megawatt generation capacity. Pakhtunkhwa Energy Development Organisation (PEDO) will start work on the sites under the annual development plan 2014-15, according to a document available with Dawn.

    Thac Ba Hydropower falls for a second consecutive day, a two-day fall of 1.8% 19 August, 2014 17:30 ICT

    08/19/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 3rd largest electric company by market cap, fell VND200.0 (or 0.9%) for a second consecutive day on Tuesday bringing its two-day fall to VND400.0 or 1.8%. The stock last traded at VND21,500.0. Compared with the VN Index which rose 0.2 points (or 0.03%) in the two days, this represented a relative price change of -1.9%. The volume was 0.4 times the average trading of 8,444 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 16.6% is lower than sector average of 19.6%. This is computed as net profit margin of 47.1% times asset turnover [sales/assets] of 0.34 times leverage factor [total assets/shareholders' equity] of 1.0.

    Martadi has been in the dark for six days

    08/19/2014

    BAJURA: Locals of Martadi and its surrounding areas have had to sit in the dark for the last six days after floods damaged Triveni Micro Hydro Project.

    India Prime Minister dedicated the 44-MW Chutak and 45-MW Nimoo Bazgo hydroelectric projects Aug

    08/19/2014

    India Prime Minister Narendra Modi dedicated the 44-MW Chutak and 45-MW Nimoo Bazgo hydroelectric projects Aug. 12 in his first visit to the Ladakh Region of Jammu & Kashmir State since becoming prime minister.

    Bajura headquarters in dark for five days

    08/18/2014

    BAJURA: Bajura district headquarters Martadi is in dark for last five days after the canal of Triveni Micro Hydropower Project was swept away in a flood on Wednesday.

    Haitian Hydropower International decreases 1.5% on robust volume 18 August, 2014 17:00 HKT

    08/18/2014

    HONG KONG DAILY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261) decreased 1.0c (or 1.5%) to close at 67.0c. This has been exacerbated by robust volume of 2.4 times average.

    BEARISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
    + As per the Du Pont analysis, Return on Equity is less than stellar at 5.0%. This is computed as net profit margin of 20.0% times asset turnover [sales/assets] of 0.13 times leverage factor [total assets/shareholders' equity] of 1.9.

    Delays in green nod block Gundia Hydroelectric project

    08/18/2014

    Environment clearance is coming in way of setting up of hydro-power projects in power deficient country. Since 2010, 17 hydro-power projects have been struck due to environmental clearances. The 200 MW Gundia Hydroelectric project in Karnataka has been awaiting environmental clearances since 2010.

    Voith to supply equipment for two hydropower plants in the Himalayas

    08/18/2014

    The supplies will be made to the Rasuwaghadi hydropower plant in Nepal and the Salal hydroelectric project in India.

    At Rasuwaghadi facility, Voith will deliver three 37MW vertical Francis turbines, generators and automation systems, and balance-of-plant equipment.

    ECC approves Rs17bn financing facility

    08/18/2014

    ISLAMABAD, Aug. 19 -- The Economic Coordination Committee (ECC) of the Cabinet on Friday approved in principle financing facility of Rs 17 billion from local banks for the laying of 500 KV double circuit transmission line from Neelum-Jhelum Hydro Power Plant to Gujranwala subject to approval of terms and conditions of borrowing by the Ministry of Finance. The meeting of the ECC was chaired by Finance Minister Senator Ishaq Dar here.

    The project has the total cost of Rs.22.582 billion, including Rs.13.553 billion as Foreign Exchange Component (FEC).

    As per the Prime Minister's directive, first unit of 969 MW Neelum Jhelum Hydro Power Project will be operative by December 2015 for which national Transmission and Despatch Company Limited (NTDCL) has to complete the priority portion of transmission line on or before September 30, 2015 for evacuation of power from the above said hydro power project.

    F L C Hydro Power jumps 7.3% on low volume 18 August, 2014 03:30 IST

    08/18/2014

    SRI LANKAN DAILY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL) jumped 40.0c (or 7.3%) to close at LKR5.90. Compared with the All Share Price Index which rose 1.9 points (or 0.03%) in the day, this represented a relative price increase of 7.2%. The volume was 0.4 times the average trading of 115,923 shares.

    Delay in start of modernization of At-Bashi hydropower plant connected with protracted tender procedures

    08/18/2014

    A tender for modernization of the At-Bashi hydropower plant was held in Switzerland last week, Deputy Minister of Energy and Industry Aibek Kaliyev told Tazabek on August 18.

    Ishaq Dar chairs meeting of Economic Coordination Committee of the Cabinet - Press Note issued by Press Information Department

    08/18/2014

    August 15, 2014 (PPI-OT)

    Following is the text of press note issued by Press Information Department (PID)

    Quote

    The Finance Minister Senator Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet at the Prime Minister's Office today.

    The ECC considered and approved in principle, GOP sovereign guarantee against financing facility of Rs.17 billion from local banks for implementation of 500KV double circuit transmission line from Neelum Jhelum Hydro Power Plant to Gujranwala subject to approval of terms and conditions of borrowing by the Ministry of Finance.

    ECC approves sovereign guarantee for 500KV transmission line

    08/18/2014

    The federal cabinet's Economic Coordination Committee (ECC) on Friday approved in principle the government's sovereign guarantee against financing facility of Rs 17 billion from local banks for implementation of 500KV double circuit transmission line from Neelum-Jhelum Hydro Power Plant to Gujranwala.

    The ECC meeting, which was held at the Prime Minister's Office under the chair of Finance Minister Senator Ishaq Dar, also made it clear that the government's sovereign guarantee for said hydropower project was subject to the approval of terms and conditions of borrowing by the Ministry of Finance. The project has the total cost of Rs 22, 582 million including Rs 13,553 million as FEC.

    Indsil Hydro Power & Manganese drops on high volatility 18 August, 2014 15:30 IST

    08/18/2014

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 51st largest iron & steel/intermediate products company by market cap, traded between an intraday low of Rs34.75 and a high of Rs36.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 4.8% places the stock in the 2nd quartile in the market meaning it is moderately volatile. Today its volatility (highest price minus lowest price/lowest price) of 3.6% was 0.7 times the average daily volatility of 4.8%, up from 2.5% on Thursday and 3.5% on Wednesday. The stock price decreased Rs0.20 (or 0.6%) to close at Rs35.0. Compared with the BSE Sensex Index which rose 287.7 points (or 1.1%) in the day, this represented a relative price change of -1.7%.

    Thac Mo Hydro Power rises on high volatility 18 August, 2014 17:30 ICT

    08/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 3rd largest energy company by market cap, traded between an intraday low of VND20,000.0 and a high of VND22,000.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 2.1% places the stock in the 4th quartile in the market meaning it is least volatile. The stock price increased VND200.0 (or 1.0%) from its last traded date of August 14, 2014 to close at VND21,200.0. Compared with the VN Index which fell 0.3 points (or 0.05%) in the day, this represented a relative price increase of 1.0%.

    Nuclear funds power Ontario Power Generation

    08/18/2014

    Higher returns from funds set aside to deal with used nuclear fuel and decommissioned nuclear stations have helped push earnings higher at Ontario Power Generation.
    The profit increase came despite declines in both the amount of power OPG produced, and the average price it received.

    Hwange Refurbishment Halfway Through - ABB

    08/18/2014

    SWISS technology company ABB has completed about half the refurbishment work on Hwange thermal and Kariba South hydro power stations.

    The refurbishment exercise is expected to enhance the plants efficiency and lifespan.

    Iran: Official: Iran Increases Hydroelectric Power Plants' Capacity by 15 Percent

    08/18/2014

    The capacity of Iran's Hydroelectric power plants has increased in the first four months of the current Iranian year (March 21, 2014-July 22, 2014) as compared with the last year's corresponding period, a senior energy official announced.

    Planning Commission is not satisfied with the cost estimates of 128 MW Keyal Khwar Hydropower Project

    08/18/2014

    Planning Commission is reportedly not satisfied with the cost estimates of 128 MW Keyal Khwar Hydropower Project and asked Water Power Development Authority (Wapda) to review the project cost, well informed sources told Business Recorder. According to sources, the cost of land compensation and other expenditures are doubtful and Wapda has been asked to rationalise the overall cost.

    Guangdong Meiyan Jixiang Hydropower hits nine-month high on robust volume 18 August, 2014 15:30 CST

    08/18/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 10th largest engineering & construction company by market cap, traded at its 257-day high of CNY2.53. The stock price lifted 5.0 fen (or 2.0%) to close at CNY2.53. Compared with the SSE 180 Index which rose 23.1 points (or 0.4%) in the day, this represented a relative price increase of 1.6%. This has been propped up by robust volume of 2.4 times average.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.7. Compared with the rest of the market the stock is undervalued.
    + The total dividend paid over the past 12 months was 0.50 fen per share, comprising one dividend of 0.50 fen.

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