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China shut JinkoSolar's plant after pollution protest

According to the investigation by the environmental protection bureau, the fluoride in the water taken from a river near JinkoSolar's plant was 10 times higher than the recommended limit. Residue from the plant that rushed into the river in heavy rains.

The Chinese government has shut down a solar plant of JinkoSolar(NYSE:JKS) in Zhejiang province after a three-day violent pollution protest by local villagers.

Zhejiang Jinko, a subsidiary of US-listed JinkoSolar Holding Co, has been ordered to suspend its factory as the toxic waste from the factory has killed almost all the fish in a nearby river.

According to the investigation by the environmental protection bureau, the fluoride in the water taken from a river near JinkoSolar's plant was 10 times higher than the recommended limit. Residue from the plant that rushed into the river in heavy rains was believed to be the source of the pollution. The plant has been fined RMB 470,000 by the authority.

What made the local villager worried most is not only the dead fishes. The stinky waste gas from the plant is even a bigger problem for their daily life. Reuters quoted a Xinhua report saying that the factory's waste disposal facilities had been failing pollution tests since April.

JinkoSolar Holding Co. will release a statement before trading in US today. Although the company reported a positive financial report in Q2, it's stock price has dropped more than 60% over the past two... more [truncated due to possible copyright]  

The Chinese government has shut down a solar plant of JinkoSolar(NYSE:JKS) in Zhejiang province after a three-day violent pollution protest by local villagers.

Zhejiang Jinko, a subsidiary of US-listed JinkoSolar Holding Co, has been ordered to suspend its factory as the toxic waste from the factory has killed almost all the fish in a nearby river.

According to the investigation by the environmental protection bureau, the fluoride in the water taken from a river near JinkoSolar's plant was 10 times higher than the recommended limit. Residue from the plant that rushed into the river in heavy rains was believed to be the source of the pollution. The plant has been fined RMB 470,000 by the authority.

What made the local villager worried most is not only the dead fishes. The stinky waste gas from the plant is even a bigger problem for their daily life. Reuters quoted a Xinhua report saying that the factory's waste disposal facilities had been failing pollution tests since April.

JinkoSolar Holding Co. will release a statement before trading in US today. Although the company reported a positive financial report in Q2, it's stock price has dropped more than 60% over the past two months.


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SEP 19 2011
http://www.windaction.org/posts/31953-china-shut-jinkosolar-s-plant-after-pollution-protest
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