"Duke Energy Inks Clean-Tech Deal With China's Largest Utility"

"Two of China and the United States' largest electric utilities signed a memorandum of understanding in Beijing today to share information and explore potential initiatives to produce cleaner power from coal and renewable resources such as wind.

Executives from Charlotte, N.C.-based Duke Energy Corp. and Beijing-based China Huaneng Group will meet in the coming months to discuss their companies' experiences generating electricity from gasified coal, wind and other resources. The memorandum leaves open the possibility of Duke -- the United States' third-largest electric utility -- and state-owned Huaneng -- China's largest utility -- developing projects jointly."

Michael Burnham reports for Greenwire August 10, 2009.

Source: Greenwire, 08/11/2009