Hong Kong, China, 9 Oct – Hong Kong group, Cheung Kong Infrastructure (CKI) is to invest 6.8 billion yuan in the construction of two thermoelectric power plants in Zhuhai in order to meet the increasing demand for energy, the group said on its website.
CKI, owned by billionaire Li Ka-shing, has a 45-percent stake in the Guangdong Yudean Group Co. Ltd. and The Electric Development Group Ltd of the Zhuhai special economic zone owns the remaining 55 percent.
The two new units, construction of which will begin in 2010 if government approval is granted, will have installed capacity of 2,000 megawatts.
These two new plants are the second phase of the Jinwan Thermoelectric Project, the first phase of which has an installed capacity of 1,200 megawatts, which makes the project one of the largest coal-fired plants in China.
Power consumption in Guangdong province rose 13.4 percent in the first half of the year as compared with the same period of last year and as the province has a 5,000 megawatt power deficit it often experiences blackouts.
CKI is one of the biggest groups listed on the Hong Kong stock exchange and it operates in Hong Kong, mainland China, Australia, the United Kingdom and the Philippines. (macauhub)