Hong Kong

CLP Holdings and China Southern Power Grid may pay around $2.8 billion for a 60 percent ExxonMobil stake in a Hong Kong power venture.

Neyveli Lignite Corporation (NLC) Limited has declared that the 125 MW first unit of its Barsingsar thermal power station has started commercial operations from January 20, 2012. Torrent Power Limited (TPL) has posted a net profit of Rs 211.28 crore for the third quarter of the ongoing fiscal, registering 6.1% rise over the Rs 199.12 crore earned during the quarter ended December 31, 2011. Total income increased to Rs 1,902.86 crore during the said third quarter from Rs 1,579.23 crore during the corresponding period in the previous financial period. SJVN Limited has registered a net profit after tax of Rs 189.63 crore for the third quarter of FY12, a decline from the Rs 191.50 crore posted during the corresponding quarter of FY11. In addition, the company's net income from operations fell to Rs 368.25 crore during the said quarter, in comparison to Rs 396.41 crore earned during the quarter ended December 31, 2011.

The company's original proposal in Hong Kong was for a 9.2% increase.

Scotland's First Minister Alex Salmond said a "cultural revolution" of sorts is needed to promote "real understanding" between China and Scotland.

C&G Environmental Protection Holdings will get a group credit facility of RMB2.284b for its capital expenditure requirements.

CLP Power Hong Kong Limited announced the launch of a brand new user friendly online energy assessment tool, Eco optimizer, which will help 20 lakh residential consumers use energy more efficiently.

And total net generation for the first eight months of 2011 increased by 20.9% to 74,590,083 MWh.

“Asia is rolling out its new build ambition on a global basis, but technology vendors should be mindful of a range of challenges that could arise in new nuclear jurisdictions”, say John Yeap and Carl Watson.

CLP agreed to sell its 13.36 per cent interest in EGCO to a Mitsubishi subsidiary for US$273 million.

 

CLP supports Government's proposed strategy of adopting a carbon intensity target for Hong Kong which will contribute to the national target.

Ten shortlisted teams of secondary students presented their achievements of promoting low carbon living for CLP’s “Young Power Award”.

The largest solar power system in Hong Kong has been commissioned by HK Electric. Located on Lamma Island, the system is expected to generate 620,000 units of electricity annually.

CLP agreed to sell 70 percent interest in the 600MW Anshun II Power Station in Guizhou for US$109.8 million. The purchaser will be the China Guodian Corporation.

The three ring circus that was COP-15 has long since packed up leaving behind recriminations and all sorts of “I told you so’s”.

Meiya Power’s recently appointed CEO, Manuel Perez, talks to Bryan Camoens about the challenges and trends facing the industry, MPC’s focus on diversification, and his management style and vision for the company that shares his own corporate values.