China Industry: January 5

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Jan. 5 – This is a regular series of relevant industry news from around China.

Air transport
Chinese budget airline Spring Airlines saw its 2010 profit rise to US$91 million, spokesman Zhang Wu’an told National Business Daily. The airline registered a profit of US$24 million in 2009.

China’s Shandong Airlines said on December 24 that it intends to purchase 15 Boeing B737-800 aircraft to boost its capacity. The catalogue price of a B737-800 air plane is between US$ 75 million and US$80 million. The company will take delivery of the aircraft between 2014 and 2015. The agreement is pending shareholder and government approval.

Shenzhen Airlines will provide 1,174 additional flights during the Spring Festival season from January 19 to February 20, Shenzhen Daily reported. Some 90 percent of the flights will take off from Shenzhen and Guangzhou.

Air China Cargo, a subsidiary of Air China, will increase the frequency of its Shanghai – Narita service from two to four times a week from January 13, 2011 according to Asia Pulse. The carrier started the route in October and uses Boeing 747-400 freighters. Air China Cargo intends to further boost the number of Narita flights if it obtains landing rights.

Solar power
Chinese Shanghai Electric Group said on December 28 that it had sold a 61.35 percent stake in photovoltaic products firm Shanghai Topsolar Green Energy for US$24.6 million in a bid to focus on its core business. The company sold all of its interest in the firm to domestic Jiangsu King Sun Power Co.

Chinese solar wafer-maker LDK Solar said on December 28 it has reached a 3 gigawatt annual wafer capacity at its factories.

“This achievement positions the company to continue to capitalize on the demand for its PV products,” LDK Solar chairman and CEO Xiaofeng Peng said, commenting on the achieved milestone.

China Singyes Solar Technologies said it has completed and switched on a smart grid project that combines wind, solar and diesel fuel power generation with energy storage on Dong’ao Island in Zhuhai, southern China.

The project will boost the share of green energy in the island’s energy mix to 70 percent from 30 percent. Singyes Solar’s technology can be also used in rural areas, villages and regions where there is no available electricity network, the company said.

At the beginning of December, Singyes Solar received a US$13 million contract to deliver 1,300 solar-powered houses to Nigeria, to which it now plans to apply the combined technology.

Wind power
Danish wind turbine maker Vestas Wind Systems said on December 29 it will provide turbines for a 49.3-megawatt wind power project developed in Chongli County, Hebei Province, by the wind energy arm of Hebei Construction Investment New Energy Co.

The current order brings the turbine supply amount between Vestas and Hebei Construction to 100 megawatts. The companies’ first wind turbine deal was inked back in 2008. Vestas booked orders from China of nearly 1,000 megawatts in 2010.

Wind farm-developer China Longyuan Power Group announced on December 29 that it has successfully registered its 49.5-megawatt Xinjiang Alashankou Clean Development Mechanism project with the United Nations.

For the past year, the company had registered with the clean development mechanism (CDM) of the Kyoto protocol 30 projects with combined capacity of 1,439.1 megawatts. China Longyuan now operates 55 CDM wind installations with a capacity of 2,853.45 megawatts.

Chinese electrical machinery-maker Xiangtan Electric Manufacturing has received the go-ahead from the Assets Supervision and Administration Commission of Hunan Province to sell its 49 percent shareholding in XEMC Windpower Co .

According to the permit, the company should complete the disposal in the coming six months, it said in a statement earlier this week.

This industry report brief is courtesy of Aii Data Processing.