TYCOON Li Ka-shing is negotiating to invest in two power plant projects in Hebei province having a total cost of about four billion yuan (about HK$5.4 billion at the official rate).
Hebei Vice-Governor Chen Liyou said provincial officials had made ''pleasant contacts'' with Mr Li on the projects.
Mr Chen said the projects were being negotiated with Mr Li's companies for joint-venture development and shareholdings had not been finalised.
One project was the proposed installation of two 300-megawatt generators at the Beiwang power plant in Qinhuangdao, needing an investment of about two billion yuan, he said.
The other was a two billion yuan scheme to install two 300 MW generators at a thermal power plant in Tangshan, he said.
Power plant development constitutes the major portion of the 2,189 projects being offered by Hebei for foreign participation at its trade fair which opened in Hongkong yesterday.
Mr Chen said many Hongkong companies were interested in power plants, highways, restructuring of state-owned enterprises and real estate development.