Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

Hong Kong energy giant plans to invest in China power plant

File image of LNG plant.
by Staff Writers
Hong Kong (AFP) Sept 12, 2008
Hong Kong's largest energy company China Light and Power (CLP) is looking to invest in a liquefied natural gas processing plant on the mainland, reports said on Friday.

The company wanted to invest in a regasification plant in southern Shenzhan planned by PetroChina, the country's largest oil and gas producer, CLP commercial director Richard Lancaster told the South China Morning Post.

It is also considering investing in a plant planned in Zhuhai by another energy giant, China National Offshore Oil Corp (CNOOC), he said.

The move follows the company's decision to ditch a controversial project to build an LNG plant on the Soko Islands in the southwestern waters of Hong Kong.

CLP said there was no longer the need for a plant in Hong Kong after Beijing signed a deal with the city last month to guarantee a consistent supply of natural gas and nuclear energy for the next two decades.

"The Sokos project is stopped," Lancaster told the newspaper.

"We concur with the government view that (the project) is not needed after a memorandum of understanding on energy supply to Hong Kong was signed," he said.

CLP had said the project was necessary to increase supply of clean fuel, as gas reserves in the mainland were far less than expected and would run out soon after 2011 at the current useage rate of 2.5 billion cubic metres a year.

The Sokos project was hit by concerns from environmental groups that the proposed location could damage local marine life.

For much of its energy Hong Kong relies on coal-fired power, which is one of the major contributors to greenhouse gases from within the territory.

The city has faced criticism that it is not doing enough to reduce the smog, much of which originates across the border and has raised worries it could damage the economic centre's ability to attract top international talent.

Email This Article
Comment On This Article

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Raser Wins West Java Geothermal Development Concession
Provo UT (SPX) Sep 12, 2008
Raser Technologies has announced that it was chosen to develop, in conjunction with Indonesia Power, over 100,000 acres of geothermal resources to build an estimated 110 megawatts (MW) of geothermal power in West Java, Indonesia's most populated island.

  • Analysis: Russia courts OPEC
  • Hong Kong energy giant plans to invest in China power plant
  • Scientists Develop Model To Map Continental Margins
  • Carbon Molecule With A Charge Could Be Tomorrow's Semiconductor

  • Australia denies China blocking uranium to India
  • White House sends India nuclear deal to Congress
  • India nears nuclear pacts with France, Russia: govt
  • Singh to visit US Sept 25

  • New Clues To Air Circulation In The Atmosphere
  • Strange Clouds At The Edge Of Space
  • Dutch town tests 'air-purifying' concrete
  • Scientists Search For Answers From The Carbon In The Clouds

  • Scientists Point To Forests For Carbon Storage Solutions
  • Prince Charles calls for 'wartime' effort against deforestation
  • Thousands of Australia's koalas felled by land-clearing: WWF
  • Armed police end Greenpeace timber export ship protest

  • Experts call for halt to bluefin tuna fishing in Mediterranean
  • Hotline To The Cowshed
  • How Are Herbicides Discovered
  • EU clears imports of GM soybean strain

  • China passenger car sales in first fall for more than three years
  • Alternative Fuels Drive Change for America's Fleets
  • Daimler and power group RWE to test electric car network in Berlin
  • PowerGenix Supplies Batteries To Light Electric Vehicle Market

  • Safer Skies For The Flying Public
  • Chinese airlines fly into headwinds in Olympic year
  • The M2-F1 - An Aircraft Without Wings
  • China's Tianjin building runway for Airbus test flights: report

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement