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Exxon CLP signs JV
Exxon, CLP signs jv

PFI Issue 119

China Light & Power and its HK partner Exxon Energy have advanced their
southern China power project following a joint venture agreement with their
three partners to build a 1,050MW gas-fired plant in Shenzhen. With the
shareholding structure now in place, more detailed negotiations will be held
among the partners. CLP and Exxon will hold 17.5% each, while state-owned
Shenzhen Qianwan Electric Power Development Co and Guangdong Electric Power
Holding Co will take a combined 36% interest. Kanematsu Power (South China)
will pick up the remaining 29%.

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