CLP Holdings

CLP acquires controlling interest in a portfolio of power assets in...

CLP Holdings today announced that CLP Power International (CLP-PI), its wholly-owned subsidiary, has acquired controlling stakes in power generating assets in India and Australia from Powergen UK Plc. and other companies.

Around the Globe Asia-Pacific

Indonesian President Abdurrahman Wahid is dropping legal action against independent power producers (IPPs) in a bid to resolve the long-running dispute between state power firm PLN and project developers.

Asia-Pacific

The Korea Electric Power Company (Kepco) has concluded a plan to spin off its power generation unit into six affiliates in November.

Malaysia

Hong Kong utility CLP Holdings has bought a five per cent stake in YTL Corporation of Malaysia for about $102m. The deal is expected to give CLP access to the planned ASEAN power grid. CLP will develop power generation business in Malaysia and the group`s managing director, Ken Oberg said the investment will establish the group as a major player in the region`s power market.

A new era of change

Since the onset of the Asian financial crisis in 1997, three questions have been asked repeatedly: whether the power market will recover, and if so, when and to what extent? But less frequently asked is whether the power market in the Asia-Pacific is the same market that we knew before the crisis.

New capacity in Asia will be supplied from a variety of...

In addition to the construction of new power plants, Asian electric utilities are upgrading and repowering their older, less efficient plants

Latest Feature