Business Services Industry

CHINA: Construction plans for proposed $100,000,000 power plant, PEAK PACIFIC INVESTMENT CORP. [Singapore/USA] - Order #: 090501.

WWP-Business Opportunities in Asia & the Pacific, September, 2001

PROJECT OVERVIEW: Singapore-based PEAK PACIFIC INVESTMENT CORP., an affiliate of ALLIANT ENERGY CORP. of the U.S., currently owns stakes in 5 power plants in China. And, according to the INTERNATIONAL FINANCE CORP. (IFC), the private sector subsidiary of the WORLD BANK (WB), the company is planning to develop 2 to 3 projects per year in the future. As a result, the IFC is expected to provide a $25,000,000 loan to the company in order to support its Chinese investments plans. In so doing, the multilateral agency's loan would complement the $85,000,000 in funding that ALLIANT has already committed to PEAK PACIFIC. The Singaporean company, founded in 1996, primarily invests in combined heat and power plants, also known as cogeneration plants. Such facilities supply...

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