China Knowledge reported that Yunnan province, located in the far south of China, announced it has cut power tariffs for some resources-based enterprises in a bid to help them counter the global financial slowdown.

According to the report, tariffs on hydropower electricity will be cut by RMB 0.06 per kilowatt hour during the period for 10 types of industrial users, including aluminum, copper, tin, lead, zinc, steel, ferroalloys and cement companies.

This move is aimed at helping industrial users reduce production costs. More importantly, it will help the local economy maintain a fast and steady development.

From December 1st till March 31st 2009, power price for production at ten industries in Yunnan like aluminum, copper, tin, steel, ferroalloy etc will enjoy a cut of CNY 0.06 kwh. In usual case, every December to April period is the rainless period in Yunnan, when the power price will be raised by CNY 0.06 per kWh.