英语翻译In September 2005,the Beijing Office of the US Peabody E

英语翻译
In September 2005,the Beijing Office of the US Peabody Energy Corporation,which is the largest private coal company in the world,officially set up.For the moment,Peabody Energy has contacted with Huaneng Power International,Inc.,Shenhua Group and some large Iron & Steel enterprises; in future,it will also provide raw materials to and conduct technological exchange with Chinese power and Iron & Steel enterprises.Before that,the US Asian American Coal Inc.(AACI) had established the Shanxi Asian American Daning Energy Co.,Ltd.and seized the holding right of 56 percent.Moreover,the US Morgan Bank purchased the 170 million H-stocks of the Yanzhou Mine,and companies from countries like Australia,South Korea,and Japan also went to China's major coal-producing provinces and autonomous regions like Shanxi,Shaanxi,and Inner Mongolia to seek to get shares in local coal mines opened up.
The situation of tense power supply goes on as before.Multinationals think highly of the huge market of power-generating equipment in China,thus having expedited their investment in China.In October 2005,a joint venture invested by Mitsubishi Heavy Industries,Ltd.(MHI) from Japan in Guangzhou was completed and began to produce heat components,the core components of turbines; and it is expected that its sales would amount to 8 billion yen by 2010.Early as in April 2002,MHI signed a "Joint Venture Agreement" with Dong Fang Steam Turbine Works on the joint investment to set up the Mitsubishi Heavy Industries Dongfang Gas Turbine (Guangzhou) Co.,Ltd.,a Chinese-foreign joint venture manufacturing heat components on gas turbines and providing after-sale services and maintenance of gas turbines.The total investment in the joint venture is approximately 4.5 billion yen with MHI offering 51 percent of the overall investment and Dongfang Steam Turbine offering the other 49 percent,and the term for the joint venture is 20 years.
In 2004,the French Alsthom Ltd.signed a framework agreement to set up a joint venture with the Beijing Jingcheng Mechanical & Electrical Holding Co.Ltd (JCH) and its subordinate enterprise Beijing Heavy Electrical Machinery Factory so as to set up a long-term partnership between two parties on the manufacture of 60,000kw steam turbine sets.