CEPA in new talks on power stations
CONSOLIDATED Electric Power Asia (CEPA) is close to signing deals to build more power plants across Asia, says chief executive Stewart Elliot.
The Hopewell spin-off firm was negotiating with authorities in India, Pakistan, China and the Philippines to supply power stations over the next five years, he said. Plans included four more plants in Guangdong and Guanxi provinces.
CEPA already has developed the Shajiao B and C plants in Shenzhen.
In Indonesia, Mr Elliot said CEPA had an agreement to build two 600 megawatt (mW) power plants in central Java, and was negotiating rights to develop a further six units in the country.
Talks also were continuing in India, with the firm expecting to win the rights to build and operate up to six 660 mW plants.
He said: ''In India, they are short of about 30,000 mW a year and will need an additional 10,000 mW a year to meet their power needs.'' The company also was negotiating to build eight 660 mW power plants in Pakistan.
Asked if CEPA remained keen to pursue the mainland power market, Mr Elliot said: ''There is always a lot of haggling going on, but of course we are looking at quite a few projects.'' On the planned mass transit project in Thailand, Mr Elliot said the company favoured an above-ground system because it provided about 10 million square feet of land that could be developed below the tracks.
Mr Elliot also said the superhighway to Shenzhen was complete, and the main reason for the delay in opening was a decision to make space for development at the 13 interchanges along the route - a total of about 400,000 sq feet of land.
