, Hong Kong

CLP to sell EGCO interest to Mitsubishi

CLP agreed to sell its 13.36 per cent interest in EGCO to a Mitsubishi subsidiary for US$273 million.

 

Mitsubishi agreed at the same time to sell 50 per cent of its subsidiary that holds the Electricity Generating Public Company shares to Tokyo Electric Power Company.

Meanwhile, OneEnergy Limited, the vehicle through which CLP Group holds its investments in Southeast Asia and Taiwan, will be reorganised to become a wholly owned subsidiary of CLP. CLP’s remaining joint venture interests with Mitsubishi remain unchanged, with CLP Group continuing to hold a 20 per cent interest in the 1,320 MW Ho Ping Power Company in Taiwan and a 33 per cent interest in the 55 MW Solar Project in Thailand. The joint ventures by CLP and Mitsubishi to develop two coal fired projects in Vietnam also continue unchanged.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!