CHINA QINFA: Zhejiang Energy Asia Pacific will purchase coal from SDE
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CHINA QINFA has signed a coal supply agreement with Zhejiang Energy Asia Pacific, under which SDE will sell 75,000 metric tons of Indonesian thermal coal to Zhejiang Energy Asia Pacific. Although the original plan was to sign a long-term agreement for 20 years, both parties decided to first sign a short-term agreement due to the need to assess annual production capacity. This agreement will provide the group with a stable source of income to meet the ongoing demand of Zhejiang Energy Holding Company's state-owned power plants
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