Market Chatter: CGN Power Starts Construction at Laos Photovoltaic Power Generation Project

MT Newswires Live12-20 11:23

CGN Power (SHE:003816, HKG:1816) started construction at its 1-million-kilowatt photovoltaic power generation project in Laos, YiCai Global reported Thursday.

The project will have an annual output of 1.7 billion kilowatt-hours to provide electricity for 10 million households, according to the report.

CGN Power is co-developing the project with more than 70 Chinese and Lao firms, YiCai Global wrote.

Shares of the company were down 1% in recent trade on the Shenzhen bourse.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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