Business Services Industry
Foreign investors eye growing opportunities in China's energy market.
Knight Ridder/Tribune Business News, October, 2004
By Yuthana Praiwan, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Oct. 8--Reforms in China's electricity industry last year have opened up plenty of opportunities for foreign investors in the country's massive energy market, estimated to be worth US$40-50 billion, according to Richard McIndoe, managing director of CLP Power Asia.
In his comments at Power-Gen Asia 2004, held at the Impact Exhibition and Convention Centre, Muang Thong Thani, he said that coal use in China by 2010 would be reduced to 66 percent of total energy demand for electricity production, down from 70 percent presently.
The electricity industry will shift to other forms of energy once China's coal supply can no longer keep pace with demand. Coal...
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