“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, February 08, 2008

Banpu sells eastern Chinese operation

Bangkok Post

Thailand's largest coal miner, SET-listed Banpu Plc, has divested its entire stake in a methane producer in China. Banpu, through its wholly owned subsidiary BP Overseas Development Co Ltd (BPOD), sold 32.5 million shares or 17% of Asian American Gas Inc (AAGI) to China CBM Investment Holding Ltd.

Banpu declined to reveal the value of the transaction but said BPOD realised a net gain of US$8.4 million or 278 million baht from the divestment.

AAGI, registered in the British Virgin Islands, has invested about $4 million in two coal-bed methane exploration and production projects in Shanxi province in eastern China.

The Panzhuang and Mabi methane projects are due to start operations this year and in 2010, respectively.

''Both projects are in the exploration stage and still need a large amount of capital investment,'' Banpu said in a statement to the Stock Exchange of Thailand yesterday.

''The divestment of AAGI will provide further financial flexibility to the company to pursue its strategic investment in coal and power businesses in China.''

The payment for the shares was completed yesterday and BPOD had transferred the shares to the buyer, said the statement. Banpu has set an investment target of $200 million in China through its wholly owned investment arm, Banpu Power Investment (China) or BPIC.

The company operates three combined heat and power (CHP) generation plants in northern China: Luannan, Zouping and Zhengding in Hebei province with a combined capacity of 248 megawatts (MW) and steam capacity of 808 tonnes per hour (tph).

It has operated five mines in Indonesia and two in China and plans to invest $330 million this year _ $180 million in coal and power businesses in China and $150 million to expand the capacity of its port and build a small power plant in Indonesia.

Coal was expected to generate about 50% of Banpu's cash flow this year, up from 30% last year, with the rest coming from the power business.

Banpu shares closed yesterday on the Stock Exchange of Thailand at 440 baht, down four baht, in trade worth 307.4 million baht.

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