China, Beijing: State Grid Corporation of China has announced it will buy the controlling stake in CPFL Energia S.A., a Brazilian power distributor for $1.8 billion, to further strengthen its position in the Brazil’s electricity sector.
According to vice-president of China Electrical Equipment Industrial Association (CCEIA), China is also moving towards high efficiency transformers, facing the same challenge of balancing performance with cost as that faced by the U.S. and the EU countries.
Belgium, Brussels: China and Serbia signed the agreement over the sale of Serbia’s largest steel producer, Zelezara Smederevo, to Hebei Iron & Steel.
Belgium, Brussels: Representatives from around 30 countries including China, Japan, Germany, India, the U.K. and the U.S. met with World Trade Organization, World Steel Association, and Organization for Economic Cooperation and Development (OECD) representatives in Brussels to seek possible solutions to the huge overcapacity that fuels the steel crisis.
China, Baoding: Chinese transformer manufacturer Baoding Tianwei Baobian Electrical Co., Ltd., (BTW) has successfully tested a 200 MVA/330 kV phase-shifting auto transformer, independently developed for a customer in Ghana.
Belgium, Brussels: Some of EU trade ministers who met in Brussels on Monday 29 February to discuss steel trade anti-dumping measures believe the EU needs to tighten up its anti-dumping rules to protect its steel industry from cheaper Chinese imports.
China has warned of the consequences of the EU imposing tariffs on its steel exports, saying the overcapacity in the metal industry is a global problem.
State Grid Corporation of China, the world’s biggest utility, plans to invest $350 billion into expansion of its power transmission network by 2020.
Germany: Siemens has received an order for 14 ultra-high-voltage direct current (UHVDC) converter transformers for the Nanjing station of the Shanxi Jinbei-Jiangsu Nanjing transmission project in China.
China, Beijing: China’s Ministry of Commerce (MOC) has today commenced an anti-dumping investigation over a type of iron based alloy imported from the U.S. and Japan.
Brazil: Brazil’s chamber of foreign trade, Camex, has reduced existing definite anti-dumping duties on the imports of non-oriented grain (NOG) electrical flat steel from China, Taiwan and South Korea.
As of 29 October 2015 the European Union imposed a definitive anti-dumping duty on imports of certain grain-oriented flat-rolled products of silicon-electrical steel originating in the People’s Republic of China, Japan, the Republic of Korea, the Russian Federation and the United States of America, the EU Official Journal states.
USA, New Mexico: The heaviest load ever to be transported on New Mexico public roads will be a power transformer coming through the Four Corners this week, according to the New Mexico Department of Transportation.
China: China XD Group Corporation, Chinese manufacturer of high voltage and ultra-high voltage transmission and distribution equipment, recently developed country’s first high performance 220 kV 70 MVA series transformer, according to China Daily.
China: Five months after Baoding Tianwei Group became the first state-owned Chinese company to publicly default on a bond payment, the Chinese manufacturer of power transformers will apply for bankruptcy protection, reports Reuters.
London/Brussels: The European Union will set a minimum price for imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States, while retaining the right to impose tariffs, reports Reuters.
China, Beijing: China Steel Corp, the nation’s largest steelmaker announced that it was preparing to lodge anti-dumping lawsuits against Chinese and South Korean peers to protect its interests.
China, Beijing: The Chinese state grid operator’s hunt for $50 billion in overseas assets makes it a potential bidder for ABB’s power grids business in what would be another step toward creating a global energy internet.
China, Beijing: China is planning to invest at least $315 billion (2 trillion yuan) in the construction of its power distribution network during 2015-2020, including an investment of $471 million (300 billion yuan) in 2015, according to an action plan on power distribution network construction and transformation for 2015-2020 released by the National Energy Administration on Monday.
China, Hubei Province: Alstom has been awarded the Ezhou Power Plant phase III generator step-up transformer contract by Hubei Energy Group Co., Ltd.
On Thursday the Ministry of Commerce (MOC) began examining dumping claims for grain-oriented flat-rolled electrical steel that is imported from Japan, the Republic of Korea and the European Union (EU).
Zambia, Lusaka: Chinese transformer manufacturers TBEA Company Limited and Chint Electric Company have been contracted by Zambia’s largest power company ZESCO to supply power transformers and shunt reactors for three substation upgrade projects.
Nigeria, Lagos: Chinese construction company Sinotec has completed a major power project in Nigeria which links the capital city and is expected to contribute immensely to the country’s national grid.
China, Hong Kong: A global investment manager L.R. Capital is investing $80 million (RMB 500 million) in the pre-IPO financing of Xinte Energy, a subsidiary of Tebian Electric Apparatus Stock Company Limited (TBEA).