ABB TO MARCH INTO CHINA'S POWER MARKET IN ALL-ROUND WAY
AsiaInfo Services, June, 2005
AsiaInfo Services 06-29-2005 ABB to March into China's Power Market in All-round Way CHINA, Jun 29, 2005 (SinoCast via COMTEX) -- Peter Leupp, president of ABB China, said that ABB hopes China's power reform will be realized as soon as possible.ABB, a global leader in power and automation technologies, aims to see an annual growth of 20% in China, the fastest-growing economy in the world.Wastage in power transmission and limited transmission capability of regional power companies have been two key factors for China's power shortage.
And putting electricity price under market adjustment can directly improve power companies' enthusiasm for low-consume equipment, so power losses in transmission will be reduced greatly. Thus, large scope power transmission among...
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