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    YearRevenue GrowthDec 1319.4Dec 1212.1Dec 112.4

    YearRevenue GrowthDec 1319.4Dec 1212.1Dec 112.4

    PAC to grill promoters of Khimti and Upper Bhotekoshi over PPA

    09/02/2014

    Nepal, Sept. 2 -- The parliamentary Public Accounts Committee (PAC) has decided to grill the promoters of Khimti and Upper Bhotekoshi hydropower projects, citing heavy loss incurred by the state-run Nepal Electricity Authority following the Power Purchase Agreements (PPA) signed with these projects.

    Haitian Hydropower International sinks 5.0% on firm volume 02 September, 2014 17:00 HKT

    09/02/2014

    HONG KONG DAILY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261) sank 3.0c (or 5.0%) to close at 57.0c. Compared with the Hang Seng Index which fell 3.1 points (or 0.01%) in the day, this represented a relative price change of -5.0%. This has been exacerbated by firm volume of 2.0 times average.

    BEARISH SIGNALS
    Fundamentals:
    + 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.

    Long-delayed Wapda hydropower projects

    09/02/2014

    A MAJOR factor contributing to the widening electricity demand-supply gap has been the delay in the completion of various hydropower projects undertaken by the Water and Power Development Authority. The current political turmoil will also have its share in future delays.

    These sustainable development projects, of a cumulative installed capacity of 1,236MW, if completed timely, could directly address the prevalent energy crisis and also result in reducing the average generation cost of the energy mix. The projects have suffered inordinate delays of three to seven years, primarily due to poor planning, ineffective monitoring, lack of transparency, absence of political will, uncertain law and order situation, financial constraints etc..

    Sichuan Minjiang Hydropower - A Share increases 1.0%, 2 days' volume in a day 02 September, 2014 15:30 CST

    09/02/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 50th largest energy company by market cap, increased 5.0 fen (or 1.0%) to close at CNY4.85. This has been propped up by firm volume of 1.8 times average. Compared with the SSE 180 Index which rose 71.3 points (or 1.4%) in the day, this represented a relative price change of -0.3%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.1. Compared with the rest of the market the stock is undervalued.

    Federal Hydro-Generating Company increases 0.7% - outperforming 87% of stocks 02 September, 2014 18:00 SAMT

    09/02/2014

    RUSSIAN DAILY STOCK REPORT

    Federal Hydro-Generating Company (MICEX:HYDR), Russia's largest electric company by market cap, increased 0.50 Kopeck (or 0.7%) to close at 69.20 Kopeck. In the Russian market of 164 stocks traded today, the stock has a 6-month relative price strength of 87 which means it is outperforming 87% of the market. A price rise combined with a high relative strength is a bullish signal. Compared with the MICEX Index which rose 6.2 points (or 0.4%) in the day, this represented a relative price increase of 0.3%.

    Xylem to aid fish passage at Xayaburi project, Lao PDR

    09/02/2014

    Water technology company Xylem Inc has won a US$19.6 million contract to provide custom-made Flygt pumps to help fish navigate the Xayaburi run-of-river hydropower dam in Lao PDR.

    Long-delayed Wapda hydropower projects

    09/02/2014

    A MAJOR factor contributing to the widening electricity demand-supply gap has been the delay in the completion of various hydropower projects undertaken by the Water and Power Development Authority. The current political turmoil will also have its share in future delays.

    These sustainable development projects, of a cumulative installed capacity of 1,236MW, if completed timely, could directly address the prevalent energy crisis and also result in reducing the average generation cost of the energy mix. The projects have suffered inordinate delays of three to seven years, primarily due to poor planning, ineffective monitoring, lack of transparency, absence of political will, uncertain law and order situation, financial constraints etc..

    Guangdong Meiyan Jixiang Hydropower increases 0.8%, 3 days' volume in a day 02 September, 2014 15:30 CST

    09/02/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 10th largest engineering & construction company by market cap, increased 2.0 fen (or 0.8%) to close at CNY2.65. This has been propped up by robust volume of 2.7 times average. Compared with the SSE 180 Index which rose 71.3 points (or 1.4%) in the day, this represented a relative price change of -0.6%.

    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.

    RusHydro ready to replace European suppliers in case of sanctions

    09/02/2014

    -- Top Russian hydropower company RusHydro is ready to replace European suppliers if the European Commission bans the sale of high-technology products in the power sector, a company spokesperson said on Tuesday.

    Iberdrola overhauls small hydro plants

    09/02/2014

    Iberdrola has announced it has modernised and upgraded almost half of its small hydropower fleet in Spain in a €10 million investment project.

    Guangdong No.2 Hydropower Engineering - A Share accelerates rise: up 3.4% in 2 days 02 September, 2014 15:30 CST

    09/02/2014

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 29th largest energy company by market cap, increased 22.0 fen (or 3.4%) over the past two trading days, after rising 1.4% on Monday and 2% on Tuesday to close at CNY6.73. Compared with the SZSE 100 Index which rose 79.8 points (or 2.5%) in the two days, this represented a relative price increase of 0.9%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.
    + Revenue growth rate is positive and has seen consecutive rises in recent years. [Year ended, all figures in %]

    Turkish Akfen Holding says 10.1 MW of Dogancay HPP comes online.

    09/02/2014

    Akfen Holding said on Monday that 10.1 MW of a 15.1 MW Dogancay hydropower plant (HPP), in the province of Sakarya, had come online. The power plant is operated by Akfen Holding's 100% subsidiary Akfenhes Yatirimlari.

    Whessoe/KGAL’s Xayaburi hydro electric power project moves ahead

    09/02/2014

    Till date, the team constructed an on-site manufacturing facility, produced larger parts and eradicated the constraints of transportation to site on the public roads.

    Guangdong No.2 Hydropower Engineering - A Share accelerates rise: up 3.4% in 2 days 02 September, 2014 15:30 CST

    09/02/2014

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 29th largest energy company by market cap, increased 22.0 fen (or 3.4%) over the past two trading days, after rising 1.4% on Monday and 2% on Tuesday to close at CNY6.73. Compared with the SZSE 100 Index which rose 79.8 points (or 2.5%) in the two days, this represented a relative price increase of 0.9%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.
    + Revenue growth rate is positive and has seen consecutive rises in recent years. [Year ended, all figures in %]

    Indsil Hydro Power & Manganese: Financial Results & Auditors Report for June 30, 2014 (Audited)

    09/02/2014

    INDIAN DAILY STOCK REPORT

    [News Story]Indsil Hydro Power and Manganese Ltd has informed BSE about the Financial Results & a copy of the Auditors Report for the period ended June 30, 2014.

    Ethiopian Electric to Rehabilitate Hydro-Power Stations

    09/02/2014

    The Ethiopian Electric, the sole power utility company, is contemplating to rehabilitate two hydro-power dams.

    A senior official at the Ministry of Water, Irrigation and Energy told The Reporter that the Ethiopian Electric is anticipating the rehabilitation of the Melka Wakena and Koka hydro-power stations. In a bid to enhance the generation capacity of the power stations, Ethiopian Electric wants to undertake the rehabilitation work.

    Chile: HidroAysén Challenged Revocation Of Environmental Permit

    09/02/2014

    By Arnaldo Pérez Guerra

    Two months after a committee of ministers cancelled the environmental permits of the controversial hydroelectric project HidroAysén, which included the construction of five dams in western Patagonia, executives of the Chilean company Colbún announced their decision to continue with the initiative.

    Bernardo Larraín Matte, President of Colbún, a company which controls 49 percent of the megaproject that would be developed by Endesa — Spanish company owned by Italian company Ente Nazionale per l’Energia Elettrica (ENEL) — announced on Aug. 17 that “it would reform parts of the project.”

    Days before, Colbún had challenged the committee of ministers’ decision to invalidate a partial resolution taken in May 2011 by the government of former president Sebastián Piñera (2010-2014), which gave the green light to the project. HidroAysén presented before the Environmental Court of Santiago the first of many appeals to reverse the work of the current government.

    The Environment Minister, Pablo Badenier, agreed with the committee of ministers’ resolution that revoked HidroAysén’s environmental permit. “As the Environmental Ministry, we hold the conviction that the chosen path was the correct one in form and substance. This is a project that doesn’t take responsibility for its environmental impacts,” he said.

    Alstom T & D India to supply power transformer in Bhutan

    09/02/2014

    Sept. 2 -- Alstom T & D India issued the following news release:

    Alstom T & D India has been awarded a Pound 7 million (INR 550 million) contract by Mangdechhu Hydroelectric Project Authority (MHPA) to supply power transformer (4X180 MW) for the 720 MW Mangdechhu Hydroelectric Project. Located by the river Mangdechhu in Trongsa district, Bhutan, the project is a major landmark in grid development for hydro power in Bhutan.

    NHPC to develop four more hydro projects in Darjeeling

    09/02/2014

    Siliguri, Sept. 3 -- The Bengal government's decision to allocate four new hydropower projects, three of them on Teesta River in Darjeeling district, is all set to renew the tussle between environmentalists and the government.

    SPML Infra bags orders worth Rs 1232.3 crore; The company will execute this project in partnership with Om Metals Infraprojects

    09/02/2014

    The company will execute this project in partnership with Om Metals Infraprojects

    SPML Infra has bagged orders worth Rs 1232.3 crore from Uttar Pradesh Jal Nigam, Agra and Sardar Sarovar Narmada Nigam, Gandhinagar. These two orders (5B and 5C) received from UP Jal Nigam worth Rs 1002.17 crore are for augmenting drinking water supply for Agra city with laying of 128 kilometers of water pipeline. The Rs 230.13 crore order from Sardar Sarovar Narmada Nigam, Gandhinagar is for infrastructure development for hydro generating units at Kutchh, Gujarat. SPML will execute this project in partnership with Om Metals Infraprojects.

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