[Ferro-alloys.com]On February 10th, China Tyoon Group held a news conference and announced it established hydropower industry investment fund with United AMC. The first investment fund would be RMB 200 million (USD32.3 million). After years of stagnation, electric power reform finally made progress. Electricity cost accounted for about 35% of overall cost in EMM industry and this reform was great news for the industry. As one of the grandest EMM manufacturers of the world, China Tyoon Group started to schedule the integration of power industry and Mn industry in 2009. In the next few years, it would be one of the biggest beneficiaries of the electric power reform.

According to the reform scheme of 2014, power plants and power users could set electricity price directly. Private enterprises were allowed to construct power grid and set up sales company of electricity. Power industry was likely to boom, especially hydropower industry.

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• [Editor:Mike.zhang]