Heavy Rains Push China’s Hydropower Output Up ...Middle East

OILPRICE - Economy
Heavy Rains Push China’s Hydropower Output Up
source : OILPRICE ( Middle East ) () 53
Heavy rains that followed a severe and extended drought two years ago have pushed Chinese hydropower output higher this year, with the strong performance of the segment seen extending over the summer as more rainfall is forecast. Hydropower generation rose by 8.4% in the first four months of the year, Bloomberg reported, noting that the increase led to a surge in hydropower company stocks on the Chinese market. The biggest dam operator in the country, Yangtze Power Co. is on track to reach a market capitalization of $100 billion as a result.…

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