Hong Kong: Power utility CLP Holdings is close to securing government approval for an HK$8bn ($1.03bn) scheme to build a liquefied natural gas terminal in Hong Kong's south-western waters. A business plan was sent to the government at the weekend by Castle Peak Power, a 40-60 joint venture between CLP Power Hong Kong and ExxonMobil Energy. Construction is tentatively slated to start next year at South Soko island, south of Lantau island. [04/09/06]
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