Stock News: China Enersave eye more projects!

China Enersave Ltd may edge higher after the company said it is eyeing more power generation projects in China and is looking at other possible markets in the region to boost earnings. "Power will contribute over 50 pct of our revenues in 2007," China EnerSave managing director and CEO Simon Koo told XFN-Asia in a recent interview. On Friday, the company announced a plan to place up to 406 mln new shares at 0.165 sgd each to fund a 51 pct stake in Yima Jinjiang Energy Comprehensive Utilisation Co Ltd, which owns and operates a 270-megawatt coal-fired power plant in China. China Enersave rose 0.010 sgd to close at 0.170 on Friday.