{"id":3075,"date":"2005-05-07T21:59:33","date_gmt":"2005-05-08T04:59:33","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2005\/05\/07\/peter-s-goodman-power-drain\/"},"modified":"2005-05-07T21:59:33","modified_gmt":"2005-05-08T04:59:33","slug":"peter-s-goodman-power-drain","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2005\/05\/peter-s-goodman-power-drain\/","title":{"rendered":"Peter S. Goodman: Power Drain"},"content":{"rendered":"<p>\n<a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/articles\/A32877-2005May3_2.html\">From Washington Post<\/a>:\n<\/p>\n<blockquote><p>\nThe coal spike has ravaged much of China&#8217;s power industry, with 85 percent of the country&#8217;s plants now losing money, according to the official China Daily. A new crop of foreign investors now scours China for power plants at distressed prices.<\/p>\n<p>In much of the rest of the world, including the United States, what Peak and other power producers are experiencing would have been moderated by long-term contracts that lock in a fixed price for coal over years. But in China, long-term deals are almost unknown. Entrepreneurs disdain them as a limit on their upside.\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Washington Post: The coal spike has ravaged much of China&#8217;s power industry, with 85 percent of the country&#8217;s plants now losing money, according to the official China Daily. A new crop of foreign investors now scours China for power plants at distressed prices. In much of the rest of the world, including the United [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,132],"tags":[463,1215],"class_list":["post-3075","post","type-post","status-publish","format-standard","hentry","category-economy","category-environmental-crisis","tag-coal","tag-power","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Peter S. Goodman: Power Drain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2005\/05\/peter-s-goodman-power-drain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peter S. Goodman: Power Drain\" \/>\n<meta property=\"og:description\" content=\"From Washington Post: The coal spike has ravaged much of China&#8217;s power industry, with 85 percent of the country&#8217;s plants now losing money, according to the official China Daily. A new crop of foreign investors now scours China for power plants at distressed prices. In much of the rest of the world, including the United [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2005\/05\/peter-s-goodman-power-drain\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2005-05-08T04:59:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Xiao Qiang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Xiao Qiang\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2005\/05\/peter-s-goodman-power-drain\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2005\/05\/peter-s-goodman-power-drain\/\"},\"author\":{\"name\":\"Xiao Qiang\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7d71c527e3f4a4239ced8e932a64f8d4\"},\"headline\":\"Peter S. 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