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    YearRevenue GrowthDec 13-13.7Dec 1210.9Dec 1124.5Dec 1041.3

    Price Change %5-weeks3-monthsKRSG74.07%147.51%Electric-6.17%5.01%MICEX-5.15%4.52%

    Price Change %1-week3-monthsSJD-1.2%7.42%Electric-8.58%-9.61%VN Index1.13%4.16%

    Price Change %3-weeks3-monthsCHP6.6%-5.83%Energy3.18%1.36%VN Index2.92%4.16%

    QtrNet Profit MarginMar 1411.7Dec 1313Sep 1316.6Jun 1317.3Mar 1319.7
    + Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

    YearRevenue GrowthDec 13-6.3Dec 1230Dec 1132.6

    YearRevenue GrowthEPS GrowthEBITDA GrowthJun 1370.4--60.7Jun 12-21.5-6.8-16.9

    EHEPCL invites RfQs for Etalin hydroelectric power project

    07/18/2014

    Etalin Hydro Electrical Power Company (EHEPCL) has invited global RfQs for the hydroelectric power project in Etalin, Arunachal Pradesh.

    EHEPCL has invited pre-qualification bids under ICB process for implementation of the 3,097 MW hydroelectric power project through various packages.

    EHEPCL is a joint venture company between Jindal Power (http://www.projectstoday.com/news/jindal-power-plans-three-hydro-power-projects) and Hydro Power Development Corporation of Arunachal Pradesh. The JV company is currently in the process of obtaining the requisite statutory clearances for the power project.

    The last date for submission of pre-qualification is 26 August, 2014.

    Sichuan Minjiang Hydropower - A Share falls for a second consecutive day, a two-day fall of 1.2% 18 July, 2014 15:30 CST

    07/18/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 52nd largest energy company by market cap, fell 1.0 fen (or 0.2%) for a second consecutive day on Friday bringing its two-day fall to 5.0 fen or 1.2%. The stock last traded at CNY4.04. Compared with the SSE 180 Index which fell 19.4 points (or 0.41%) in the two days, this represented a relative price change of -0.8%. The volume was 0.6 times the average trading of 4.9 million shares.

    BEARISH SIGNALS
    Fundamentals:
    + Net profit margin has averaged 0.9% in the last 3 years. This suggests the company is less profitable with a low margin of safety.
    + Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

    NEA recalls Chilime MD Kulman Ghishing

    07/18/2014

    KATHMANDU, July 18 -- Nepal Electricity Authority (NEA) has decided to call back Kulman Ghising from Chilime Hydropower Company Limited (CHCL).CHCL Managing Director Ghising is credited with expanding Chilime into the country's leading power developing company.

    Weekly: Krasnoyarsk Hydro-Power Plant keeps rising: up 74.1% in 5 weeks

    07/18/2014

    RUSSIAN WEEKLY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 7th largest electric company by market cap, extended its gains in the trailing week ended Friday, rising an additional RUB2.99 (or 3.5%) to close at RUB87.99. The shares have soared RUB37.44 (or 74.1%) over the past five weeks. Compared with the MICEX Index which fell 77.2 points (or 5.2%) in the five weeks, this represented a relative price increase of 79.2%. In the past five weeks the market cap has jumped RUB14.6 billion.

    Haitian Hydropower International down 4.2% in 2 days 18 July, 2014 17:00 HKT

    07/18/2014

    HONG KONG DAILY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261), extended its slide Friday, shedding an additional 2.0c (or 2.9%) to close at 68.0c. The shares have sunk 3.0c (or 4.2%) over the past two trading days. Compared with the Hang Seng Index which fell 68.5 points (or 0.29%) in the two days, this represented a relative price change of -3.9%.

    BEARISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.4. 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.

    "WAT W ER ATER AT ENVIRONMENT AN"WATER SERVICES (SCOTLAND[...]; Public Notices

    07/18/2014

    "WAT W ER ATER AT ENVIRONMENT AN"WATER SERVICES (SCOTLAND) ACT 200"WATER ENVIRONMENT (CONTROLLED ACTIVITIES) (SCOTLAND) REGULATIONS 2011 ApplicaT APPLIC ION ATION AT FOR AUTHORISATION MILTON ? CallANDER HYDROPOWER SCHEME An applica ap tion has been made to the Scottish Environment Protection Agency Agenc (SEPA) SEP by Moray Estates Development Company Compan Ltd (MEDCO Lt¦ for authorisation to carry carr on controlled activities at, at near or in connection with the Milton ? Callander Hydropower Scheme, namely: The construction and operation of an impoundment structure, the abstraction of wat¦ for the purposes of generating electricity and the Return of abstracted water to the Milton Glen Burn.

    Weekly: Can Don Hydro Power decreases 1.2% on firm volume

    07/18/2014

    VIETNAMESE WEEKLY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 4th largest electric company by market cap, decreased VND300.0 (or 1.2%) in the trailing week to close at VND24,600.0, ending a five-week streak of rises. Compared with the VN Index which rose 6.6 points (or 1.1%) in the week, this represented a relative price change of -3.1%. The volume was 1.4 times average trading per week of 149,850 shares. In the past week the market cap has declined VND12.3 billion.

    Weekly: Central Hydropower rises for a third consecutive week, a three-week rise of 6.6%

    07/18/2014

    VIETNAMESE WEEKLY STOCK REPORT

    Central Hydropower JSC (HNU:CHP) rose VND300.0 (or 2.7%) to close at VND11,300.0. The volume was 0.8 times average trading per week of 108,775 shares. The stock rose for a third consecutive week on Friday bringing its three-week rise to VND700.0 or 6.6%. Compared with the VN Index which rose 16.9 points (or 2.9%) in the three weeks, this represented a relative price increase of 3.7%. In the past three weeks the market cap has risen VND84 billion.

    Turkish Isiklar Enerji unit powers up 10.3 MW HPP

    07/18/2014

    ISTANBUL (Turkey), July 17 (SeeNews) - Turkish energy company Isiklar Enerji ve Yapi Holding [BIST:IEYHO] said on Thursday its hydropower unit BND Elektrik Uretim A.S. has put in commercial operation a 10.3 megawatt (MW) hydropower plant (HPP) in the northern Turkish province of Ordu.

    Gains in Swiss hydro stocks week on week

    07/18/2014

    Levels at Switzerland’s hydroelectricity reservoirs continued to rise in week 28, however, weekly gains were insufficient to prevent hydro stocks from falling below last years’ level for the same week.

    Long term rating upgraded for the bank facilities of Kare Power Resources Private Limited to [ICRA]BB- (Stable)

    07/17/2014

    Kare Power Resources Private Limited

    Instrument Amount Rating Action In Crore July 2014 Long term Fund based limits (Term Loan) 112.00 [ICRA]BB-(Stable)/Upgraded from [ICRA]B+

    ICRA has upgraded the long-term rating outstanding on the Rs.112.00* crore term loans of Kare Power Resources Private Limited ("KPPL"/" the company") to [ICRA] BB- (pronounced ICRA double B minus) from [ICRA]B+ (pronounced as ICRA B plus) . The outlook on the long term rating is Stable.

    The rating upgrade takes into account the significant progress made in the construction of the 24.75 MW Thangarabalu Small Hydro Project which mitigates the execution risks to some extent. ICRA notes that as on 31st May 2014, about 47% of the total cost of Rs 160.00 Cr was incurred and majority of the civil works was complete. The rating also factors in the presence of a long-term power purchase agreement (PPA) with BMM Ispat Ltd which mitigates the offtake risk for the company and the the financial strength and technical knowhow of the promoters. The project is also eligible for Rs 5.80 Cr of capital subsidies from MNRE which is expected to improve the financial viability to some extent.

    Nam Mu Hydropower Joint Sock Company decreases 1.8% on low volume 17 July, 2014 17:30 ICT

    07/17/2014

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Sock Company (HNX:HJS), Vietnam's 8th largest electric company by market cap, decreased VND200.0 (or 1.8%) to close at VND11,100.0, ending a three-day streak of rises. Compared with the VN Index which fell 2.0 points (or 0.3%) in the day, this represented a relative price change of -1.4%. The volume was 0.4 times the average trading of 37,248 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 11.3% is lower than sector average of 13.7%. This is computed as net profit margin of 16.7% times asset turnover [sales/assets] of 0.2 times leverage factor [total assets/shareholders' equity] of 3.4.
    + Net Profit margin is positive but falling in recent quarters. [Quarter ended, all figures in %]

    Indsil Hydro Power & Manganese lifts 3.0% on low volume 17 July, 2014 15:30 IST

    07/17/2014

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 53rd largest iron & steel/intermediate products company by market cap, lifted Rs1.05 (or 3.0%) to close at Rs36.50, ending a two-day streak of losses. Compared with the BSE Sensex Index which rose 11.4 points (or 0.04%) in the day, this represented a relative price increase of 2.9%. The volume was 0.3 times the average trading of 9,004 shares.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.3. Compared with the rest of the market the stock is undervalued.
    + Revenue growth rate has shown signs of recovery in recent years. [Year ended, all figures in %]

    No major change in flow of water in NE: Centre

    07/17/2014

    NEW DELHI, July 17 -- While confirming construction of four hydro-electric power projects over the Brahmaputra (Yarlung Tsangpo) at Zangmu in China, the Ministry of Water Resources however said no significant change in flow of water in the North-east is expected.

    Guangdong Meiyan Jixiang Hydropower decreases on thin volume 17 July, 2014 15:30 CST

    07/17/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 10th largest engineering & construction company by market cap, decreased 1.0 fen (or 0.4%) to close at CNY2.28, ending a two-day streak of rises. Compared with the SSE 180 Index which fell 32.2 points (or 0.7%) in the day, this represented a relative price increase of 0.2%. The volume was 0.7 times the average trading of 20.2 million shares.

    Northern Exposure

    07/17/2014

    Hydro project to help reserve quietly derailed. Cohn, A6

    Krasnoyarsk Hydro-Power Plant in 2nd daily rise, nears twenty six-month high 17 July, 2014 18:00 SAMT

    07/17/2014

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 7th largest electric company by market cap, extended its gains Thursday, rising an additional RUB2.15 (or 2.5%) to trade at RUB87.93. The stock jumped 6.7% on Wednesday bringing its 2-day rise to 9.3%. It is now testing its 548-day high of RUB87.93. Compared with the MICEX Index which fell 30.5 points (or 2.1%) in the day, this represented a relative price increase of 4.6%.

    Can Don Hydro Power decreases on firm volume 17 July, 2014 17:30 ICT

    07/17/2014

    VIETNAMESE DAILY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 5th largest electric company by market cap, decreased VND100.0 (or 0.4%) to close at VND24,600.0. Compared with the VN Index which fell 2.0 points (or 0.3%) in the day, this represented a relative price change of -0.1%. This has been exacerbated by firm volume of 1.4 times average.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 3.2 [1.1].

    Gulch watershed reforestation Bartolo and Hydroelectric System Strengthening Community of El Recreo

    07/17/2014

    Project Number: HND/SGP/OP5/Y3/STAR/BD/14/11


    Country: Honduras
    Area Of Work: Climate Change Mitigation


    Operational Phase: Phase 5
    Grant Amount: US$ 35,000.00


    Start Date: 7/2014


    End Date: 1/2016


    Status: Currently under execution


    Project Description: The Reforestation Project Microcuenca Quebrada Bartolo Hydroelectric System and Strengthening the Community of El Recreo; benefit 79 families of the 56 who already have the service and 13 to be built, one of the biggest problems facing the system is the network of power lines, and this only to support the connection of low-power devices, for what is currently no refrigeration apparatus, so that the community should buy ice daily coming from La Masica in the transport vehicle which significantly raises the cost of goods of basic family and limits the provision in the community families as dairy products, meats, sausages and others.

    United Kingdom : Fort Augustus Community visits 100MW Glendoe hydro electric scheme

    07/17/2014

    Members of the Fort Augustus community recently enjoyed a guided tour of SSE s 100MW Glendoe hydro electric scheme in the Scottish Highlands.

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