The Government says it now hopes to be able to make a decision on deferral of the second half of China Light & Power's (CLP) $24 billion Black Point power station in two or three weeks.
Secretary for Economic Services Stephen Ip had previously indicated he would give the Government's final view on the subject at a Legislative Council meeting yesterday.
Mr Ip told the economic services panel meeting the Government still needed more information from CLP about the cost implications of delaying construction at the plant.
'It is an urgent matter and we want to resolve it as soon as possible,' he said.
CLP managing director Ross Sayers said he hoped the company could come to an 'amicable solution' in the near term but he could not offer what he called an irrevocable guarantee it would be made in two or three weeks.
'The issue is complex. We must guard against being knee-jerked into a short-term political decision,' he said.