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Wednesday, December 10, 2008

Hong Kong's CLP mulls expanding nuclear capacity


10 December 2008 - CLP Holdings, one of Hong Kong's two electricity producers, said it is studying the feasibility of investing in two nuclear power plants with a combined capacity of 2000 MW.

CLP already owns 25 per cent of a nuclear power joint venture at Daya Bay, in the bordering mainland Chinese city of Shenzhen, with partner China Guangdong Nuclear Power Holding.

"We would like to make more investment. Right now it's a feasibility study only. It's not a firm commitment idea," Andrew Brandler, CLP's chief executive officer, told reporters.

The company is looking to generate 20 per cent of its power from renewable sources, including nuclear, by 2020, Brandler said. Renewables accounted for more than five per cent of its energy portfolio at the end of last year, according to its website.

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