Explosion at earthquake-damaged Fukushima nuclear power plant
Posted by
,
No Comments
">
Saturday, March 12, 2011
An explosion has been reported at Japan’s stricken Fukushima Daiichi nuclear power plant after its cooling system was damaged by a massive 8.9 magnitude earthquake that hit off the North-East coast of Japan on Friday. The explosion occurred at around 3:00pm local time (6:00am UTC). According to the plant’s operator, Tokyo Electric Power Company, four workers were injured in the explosion.
The explosion occurred as workers were attempting to cool a reactor by injecting water into its core. Local media are reporting that the plant’s exterior walls have been destroyed and only a skeleton structure remains.
More than 45,000 residents within a 10-kilometre radius of the plant have been evacuated.
Television reports show white smoke coming from the plant. Local authorities are warning residents in the vicinity of the plant to stay indoors, turn off air-conditioners and not to drink tap water. According to Japan’s nuclear agency, radioactive caesium and iodine has been identified at the plant. Authorities speculate that this indicates that containers holding uranium fuel at the site may have ruptured and are leaking.
No Comments
- Click Here For More Specific Information On:
- Best Ute Racks Melbourne
A plumber is a tradesperson who specializes in installing and maintaining systems used for potable (drinking) water, sewage, and drainage. Plumbing is the skilled trade of operating with pipes, tubing and plumbing tools for drinking water network and the drainage of waste. A plumber is someone who setsor helps to maintain piping systems, plumbing units and machines like water heaters. The plumbing work is a primaryand essentialpart of every formulate economy due to the demand for clean water, and right collection and transport of wastes.Plumbing also mentiontoa system of pipes and fixtures place in a building for the distribution of moveable water and the removal of wastes produced by water. Plumbing is usually apart from water and sewage network, in that a plumbing networks serves one location, while water and sewage networks serve a group of locations or a city.Plumbing was highly uncommonuntil the growth of new and advanced cities in the 19th century. At on the same time public health authorities began urgeon for better waste dispose systems to be sited.Previously, the waste disposing system simply consisted of collecting waste and dumping it on groundor into a river.Water networks of old times depended on gravity for the distribution of water, using pipes or channels usually made of clay, lead, and bamboo wood or stone. Now a days water distribution systems use a network of high-pressure devices, and pipes are now made of metals and non metals which are non toxic or other nontoxicmetal material. Now a days drain and vent lines are made of plastic, steel, cast-iron, and lead. Lead is not used in modern water distribution piping due to its toxic nature.The “consecutive sectors of plumbing network are of pipe or tube. A pipe is basically made by burningor welding, where a tube is made through extrusion. Pipe commonly has thicker walls and may be threaded or welded, where tubing is thinner-walled and requires special joining techniques such as “brazing”, “compression fitting”, “crimping”, or for plastics, “solvent welding”.Much of the plumbing operation in water populated areas is look after by government or government offices due to the continuous effect on the public’s health, safety, and welfare. Plumbing setting and repair work on living place and other buildings mostly must be done according to plumbing and building structure to protect the people of the buildings and to provide guaranteed safety, good quality construction to futurecostumers.If required workis to be done by plumber, the plumbing contractors basically secure them from the authorities on behalf of home or building owners.In some countries there are Institutes of Plumbing there are no systems in place to monitor or control the activities of plumbers who are not qualified or those people who choose to installation and maintenance works to be done by themselves, In some countries there are Institutes of Plumbing there are no systems in place to monitor or control the activities of plumbers who are not qualified or those people who choose to installation and maintenance works to be done by themselves.
">
Evergrande real estate firm makes missed September bond payment, avoids default
Posted by
,
No Comments
Saturday, October 23, 2021
China property giant Evergrande Group wired USD83.5 million in interest owed in an offshore bond from September 23 on Thursday, temporarily averting default, according to a Reuters source and Chinese newspaper Securities Times.
The wire to a Citibank fiduciary account following a 30-day grace period came after assurances by various members of the Chinese government, Reuters reported. At a Beijing forum Wednesday, Chinese Vice Premier Liu He described the risks as controllable, and chairman of the China Securities Regulatory Commission Yi Huiman said that while authorities needed to curb excessive debt more broadly by “improv[ing] the effectiveness of the constraint mechanism on debt financing”, the matter would be dealt with properly.
Once China’s top real estate developer, Evergrande had accumulated approximately USD305 billion in liabilities, two per cent of the Chinese gross national product, after “dwindling resources” cut its value by 80%, according to Reuters. September data revealed Chinese home sales by value fell by nearly 17% year-on-year, according to The Guardian, and fears over its default led to a slowdown in China’s third quarter GDP growth to a year low of 4.9%. Two sale negotiations with rival developers Hopson Development and Yuexiu, valued at USD2.6 billion and USD1.7 billion, respectively, were suspended, reportedly due to a lack of consent by the government of Guangdong province currently overseeing Evergrande’s restructuring.
News of Evergrande’s remittance caused its shares to rise by as much as 7.8% this morning after a two-week pause in trading for the anticipated sale of 50.1% in Evergrande Property Services Group, and offering some reprieve for bondholders, according to Reuters. Portfolio manager at GaoTeng Global Asset Management James Wong, interviewed by The Guardian, called the news “a positive surprise”, adding “[i]f Evergrande pays this time, I don’t see why it won’t pay the next time.” Jun Rong Yeap for IG Asia pte., interviewed by Bloomberg, said the report “overturned” the narrative “that Evergrande will face difficulty in securing cash ahead”.
Further missed payments are due October 29 and November 11 after similar 30-day grace periods; including yesterday’s USD83.5 million, nearly USD280 million is owed to bondholders.
Stocks have been down for many major Chinese developers: Reuters Wednesday reported year-to-date stock prices fell 87.8% for Sinic Holdings, currently in Fitch Ratings’ ‘restricted default’ after failing to make an October 18 bond payment valued, according to The Guardian, at USD246 million; 80.2% for Evergrande itself; 78.3% for E-House, 58.5% for Fantasia Holdings and 54.6% for Kaisa Group, which defaulted in 2015 and had bonds reach record lows.
Estimates of the Chinese real estate market’s size range from 16 to 25% of the Chinese gross domestic product, according to The Guardian. Chinese President Xi Jinping’s aim to transform the country’s economy from one of debt-fuelled “inflated” growth to one of improved “quality and returns” included imposing regulations on developers that limited their capacity to borrow. A Guardian comment piece from economist George Magnus published on October 15 made reference to China’s “ghost cities” and “rampant credit creation” that has given rise to high vacancy rates and the “financialisaton of housing”.
