News Release Out This Morning...
"Taiwan, July 12, 2005 (SinoCast via COMTEX)--Taiwan-based Composite Technology Corporation (CTC) announced that the company had sold 30,000 meters of Aluminum Conductor Composite Core (ACCC) cables to Jiangsu Far East Co. Ltd., a Chinese mainland customer located in Jiangsu Province. CTC revealed at the same time that it will start to test ACCC cables at Electric Power Construction Research Institute (EPCRI), and Shanghai Electric Cable Research Institute, which are two leading institutes in the Chinese electric designing field. The tests will last 30 days to ensure some minimum values of safety and reliability that the Chinese laws require. You Chuanyong, senior engineer with EPCRI, expressed that they expect CTC Cable to meet the requirements of the tests as soon as possible to help China satisfy its electric distribution demands. From the 1980s when China carried out the black out regulation on it witnessed the worst power supply shortage in 2004, and this caused the electric breakoff in 24 provinces, as well as in some of the largest cities in the country. To satisfy the demand from imporving the countries electric power distribution, the State Grid Corporation of China, which controls the electric power distribution in 22 provinces, will expend in 2005 CNY 107 billion (USD 13bn) on paving and maintaining cables. In addition, China Southern Power Grid Co. Ltd (CSG), the smaller of the two state-owned electricity supply companies, will be likely to invest CNY 30.5 billion (USD 3.6 bn) To build up and maintain the elctricity grid, and pave a power line of about 3000 miles."
From eNet, Page 1, Monday July, 11 2005
info@SinoCast.com
How do you "pave" a power line, one THATS 3000 MILES LONG !!!..............OK CTC, how about a PR tomorrow stating that you opened an office in Taiwan...
GLTA ;>)
