1,050 MW MOU signed in China

Exxon Energy Ltd. and China Energy Investment Company Ltd. have signed a memorandum of understanding (MOU) for the development of a 1,050 MW gas-fired power plant project in Shenzhen, China, north of Hong Kong. The MOU is with Shenzhen Qianwan Electric Power Development Company Ltd., Guangdong Electric Power Holding Co. and Kanematsu Power Company Ltd. The project will have three 350 MW combined-cycle gas turbines and is expected to be operational by the end of the century.