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    Price Change %1-week3-monthsHPFL5.26%5.26%Total Sri Lankan Market4.25%4.77%All Share Price3.4%3.88%

    Price Change %1-week3-monthsTMP-9.41%12.55%Energy-1.72%VN Index4.19%-8.3%

    Price Change %3-weeks3-months002060-9.01%1.58%Energy-1.15%5.88%SZSE 1003.83%30.76%

    Price Change %1-week3-monthsSJD-1.59%7.53%Electric1.1%5.28%VN Index4.19%-8.3%

    YearRevenue GrowthDec 13-13.7Dec 1210.9Dec 1124.5Dec 1041.3

    ICRA reaffirms rating of [ICRA]AAA to the Long term bonds programme of NHPC Limited; assigns Stable outlook

    01/10/2015

    NHPC Limited

    Instrument Details Amount in Rs.

    Crore^

    Rating Action

    December 2014

    LT Bonds Programme 4000.00 [ICRA]AAA reaffirmed Stable outlook assigned

    ICRA has reaffirmed the long-term rating assigned to the Rs. 4000.00 crore LT bonds programme of NHPC Limited (NHPC)† at [ICRA]AAA (pronounced ICRA triple A). ICRA has also assigned a Stable outlook to the long term rating of NHPC Limited.

    ICRA's AAA rating reflects NHPC's established position in hydro power generation in India, its significant size of operating projects, strategic importance to the GoI which is also reflected in the consistent support from GoI in terms of low cost subordinated debt for some of its projects, highly competitive tariffs of its plants with an average tariff of Rs 3.38/kwh during FY 2013-14 (adjusted for previous years income) and strong operating efficiencies, as reflected by average plant availability factor (PAF) of 77.7% during FY 2013-14 (MOU Rating of 'Very Good'). Further with the commissioning of four delayed ongoing projects during FY2013-14, i.e TLDP-III, Nimoo Bazgo, Uri-II and three units of Parbati-III with total capacity amounting to ~807 MW and fourth unit of Parbati III (130 MW) in May 2014, there is significant visibility on increase in revenue and profit streams. The

    update power and control systems at Green Mountain Power's 6.9-MW Proctor hydropower project

    01/10/2015

    Contract Awarded for update power and control systems at Green Mountain Power's 6.9-MW Proctor hydropower project
    Contract Awarded Date:Jan 2015
    Eaton wins contract for Vermont small hydropower plant control rehab
    Generating technology manufacturer Eaton Corporation has won a contract to update power and control systems at Green Mountain Power's 6.9-MW Proctor hydropower project in Vermont.

    Avalanche kills one worker, four missing in Turkey

    01/10/2015

    A hydroelectric power plant in Caykara district has been hit by an avalanche in Turkey's northeastern Trabzon province

    TRABZON

    At least one worker died and four others went missing in an avalanche in Turkey's northeastern Trabzon province Saturday.

    Trabzon Governor Abdil Celil Oz confirmed that one worker died in the incident.

    The avalanche hit a hydroelectric power plant in Caykara district, local official Mustafa Gul told The Anadolu Agency.

    Disaster and emergency teams have been dispatched to the area.

    Mirage of prosperity

    01/10/2015

    Kathmandu, Jan. 9 -- A parched man traversing a great hot desert sees an oasis in the distance. Summoning the last bit of strength, he makes a dash across the dunes. He never pauses to consider if it might be a mirage. So it is with Nepal's hydropower.

    Nepal has journeyed through the last decade of load-shedding and a stagnant power sector. India's electricity market has now appeared as an oasis across the southern border. Nepal has seized upon it like the desperate parched man. Perhaps we ought to pause to consider if it might be a mirage.

    Russian side has not yet chosen capacity option for Kambarata-1 hydropower project Vice Energy Minister

    01/10/2015

    Russian side has not yet chosen capacity option for Kambarata-1 hydropower project Vice Energy Minister

    ishkek (AKIpress) - So far, the Russian side has not defined its position regarding the feasibility of the Kambarata-1 hydropower project, Deputy Minister of Energy and Industry Aybek Kaliyev told AKIpress on January 6...

    ICRA reaffirms rating of [ICRA]AAA to the Long term bonds programme of NHPC Limited; assigns Stable outlook

    01/10/2015

    NHPC Limited

    Instrument Details Amount in Rs.

    Crore^

    Rating Action

    December 2014

    LT Bonds Programme 4000.00 [ICRA]AAA reaffirmed Stable outlook assigned

    ICRA has reaffirmed the long-term rating assigned to the Rs. 4000.00 crore LT bonds programme of NHPC Limited (NHPC)† at [ICRA]AAA (pronounced ICRA triple A). ICRA has also assigned a Stable outlook to the long term rating of NHPC Limited.

    ICRA's AAA rating reflects NHPC's established position in hydro power generation in India, its significant size of operating projects, strategic importance to the GoI which is also reflected in the consistent support from GoI in terms of low cost subordinated debt for some of its projects, highly competitive tariffs of its plants with an average tariff of Rs 3.38/kwh during FY 2013-14 (adjusted for previous years income) and strong operating efficiencies, as reflected by average plant availability factor (PAF) of 77.7% during FY 2013-14 (MOU Rating of 'Very Good'). Further with the commissioning of four delayed ongoing projects during FY2013-14, i.e TLDP-III, Nimoo Bazgo, Uri-II and three units of Parbati-III with total capacity amounting to ~807 MW and fourth unit of Parbati III (130 MW) in May 2014, there is significant visibility on increase in revenue and profit streams. The

    "Guangxi Guiguan Electric Power Co., Ltd." (the Company) -- Announcement on Postponement of Stock Trading Resumption

    01/10/2015

    As of the announcement day, the Company has organized relevant intermediaries to complete the preliminary demonstration on the reorganization scheme and will issue shares and purchase controlling right of Longtan Hydropower Development Co., Ltd. (Longtan Hydropower) held by Longtan Hydropower's shareholder China Datang Corporation (the Corporation) and other shareholders. However, the relevant audit and appraisal of the reorganization is still under way and the relevant issues of reorganization scheme requires continuous communication with state-owned assets supervision and administration authorities, the Company applied for postponement of trading resumption. Namely, trading of the Company's shares will be continuously suspended for not more than 30 working days from January 12, 2015. After relevant work is completed, the Company will hold a directorate meeting to discuss the significant assets reorganization scheme, make an announcement and resume trading of its shares in time.

    Nam Mu Hydropower up 8.2% in 2 days 09 January, 2015 17:30 ICT

    01/09/2015

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 6th largest electric company by market cap, extended its gains Friday, rising an additional VND300.0 (or 2.6%) to close at VND11,900.0. The shares have jumped VND900.0 (or 8.2%) over the past two trading days. Compared with the VN Index which rose 16.4 points (or 2.97%) in the two days, this represented a relative price increase of 5.2%.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 8.6 multiplied by the P/NTA of 1 is 8.3. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
    + 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.
    + Net profit margin has averaged 17.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

    Krasnoyarsk Hydro-Power Plant climbs 4.3% on low volume 09 January, 2015 18:00 SAMT

    01/09/2015

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 5th largest electric company by market cap, climbed RUB3.40 (or 4.3%) to close at RUB82.0, ending a two-day streak of losses. Compared with the MICEX Index which fell 17.8 points (or 1.1%) in the day, this represented a relative price increase of 5.5%. The volume was 0.004 times the average trading of 4,486 shares.

    Weekly: F L C Hydro Power in its biggest trailing week gain for 3 months

    01/09/2015

    SRI LANKAN WEEKLY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL), climbed 30.0c (or 5.3%) in the trailing week to close at LKR6.0. In the past week the shares have climbed 5.3%, the biggest trailing week gain since Oct 17, 2014. Compared with the All Share Price Index which rose 249.9 points (or 3.4%) in the week, this represented a relative price increase of 1.8%.

    Weekly: Thac Mo Hydro Power tumbles 9.4% on low volume

    01/09/2015

    VIETNAMESE WEEKLY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 4th largest energy company by market cap, tumbled VND2,700.0 (or 9.4%) in the trailing week to close at VND26,000.0, ending a two-week streak of rises. Compared with the VN Index which rose 22.8 points (or 4.2%) in the week, this represented a relative price change of -13.8%. The volume was 0.1 times average trading per week of 23,360 shares. In the past week the market cap has declined VND189 billion.

    Weekly: Guangdong No.2 Hydropower Engineering - A Share tumbles 9.0% in 3 weeks; nears three-month low

    01/09/2015

    CHINESE WEEKLY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 35th largest energy company by market cap, traded near it's three-month low. It sank 35.0 fen (or 4.7%) in the trailing week to close at CNY7.07. The stock tumbled for a third week recording a fall of 70.0 fen (or 9.0%) in the past three weeks. Compared with the SZSE 100 Index which rose 160.5 points (or 3.8%) in the three weeks, this represented a relative price change of -12.8%. In the past week the market cap has declined CNY210.4 million.

    UPCL faces power crisis as output dips

    01/09/2015

    Dehradun, Jan. 9 -- Uttarakhand Power Corporation Limited (UPCL) was forced to an emergency 'rostering' on Thursday after the power generation dipped in the State-run hydro power projects due to low water level in the rivers caused by snowfall in the higher reaches of the State and other technical snags involving the projects.

    Modernization comes to Proctor hydropower plant in Vermont

    01/09/2015

    Pittsburgh, Jan. 9 -- Power management company Eaton will be working with Vermont-based energy provider Green Mountain Power to modernize its Proctor, Vermont hydroelectric plant.

    United States : Alpiq expects impairments in particular on Swiss hydropower

    01/09/2015

    Due to sustained low wholesale prices and the challenging regulatory environment, Alpiq expects impairments amounting to some CHF 1 billion after taxes, in particular on Swiss hydropower. On operational level, Alpiq confirms the guidance given last autumn for the full year 2014.

    Bosnia's Visegrad hydropower plant sees 2014 net profit at (EURO)2mn

    01/09/2015

    Bosnia's Visegrad hydropower plant expects that its gross profit will total BAM4mn ((EURO)2mn) for 2014, eKapija news service reported but gave no comparative figures. The plant produced 723.19GWh of electricity through September 2014, up 4.35% from the plan, eKapija quoted the CEO of Bosnian hydropower plants operator Hidroelektrana (HE) na Drini, Mile Lakic, as saying. Of the total, 81% was sold on the domestic market.

    Weekly: Can Don Hydro Power decreases 1.6% on low volume

    01/09/2015

    VIETNAMESE WEEKLY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 3rd largest electric company by market cap, decreased VND500.0 (or 1.6%) in the trailing week to close at VND31,000.0, ending a three-week streak of rises. Compared with the VN Index which rose 22.8 points (or 4.2%) in the week, this represented a relative price change of -6.0%. The volume was 0.3 times average trading per week of 163,235 shares. In the past week the market cap has declined VND23 billion.

    Sichuan Minjiang Hydropower - A Share decreases 1.8% on firm volume 09 January, 2015 15:30 CST

    01/09/2015

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 49th largest energy company by market cap, decreased 12.0 fen (or 1.8%) to close at CNY6.64. Compared with the SSE 180 Index which fell 28.6 points (or 0.4%) in the day, this represented a relative price change of -1.4%. This has been exacerbated by firm volume of 1.3 times average. The stock fell for a second day on Friday bringing its two-day fall to 26.0 fen or 3.8%.

    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 %]

    Haynes and Boone, LLP: Brazilian Ministry for Mines and Energy Issues Directives for A-5 Power Bid 08 January 2015

    01/09/2015

    The Brazilian Ministry for Mines and Energy has issued Ordinance No. 653, which outlines the procedures for the A-5 Power Bid to be held on April 30, 2015. The bid will auction Regulated Market Energy Commercialization Contracts (CCEAR) to be negotiated on two fronts: (i) Quantity for hydroelectric power plants, and (ii) Availability for coal-fired plants, natural gas-fired combined cycle plants and biomass.

    Pennsylvania: Undergraduate Research Assistant - Micro-hydro Electric Generation from AMD

    01/09/2015

    The State University of Pennsylvania, The State of Pennsylvania has issued the following News release:

    Undergraduate Research Assistant - Micro-hydro Electric Generation from AMD
    Campus/Location:  Penn State Altoona Date Announced:  12/23/2014    
    Work Unit:  Penn State Altoona Job Number:  55147
    Department:  Academic Affairs, Math and Natural Sciences    
    Develop and support research as directed by sponsoring faculty member pertaining to Micro-hydro Electric Generation from AMD. Assist in the design, installation, maintenance, and monitoring of experimental microhydro turbine at Flight 93 National Memorial site. Analyze data and write research papers presenting data obtained from project. Penn State Altoona students preferred.

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