28  February  2020

Home    About Us    Contact Us    Membership and Fee Policies   Search   Chinese  
Industry in Focus
China In Focus
World Events
Business Contact
Chinese Companies
International Companies
Information Database
China Petroleum Report
Monthly Report
Annual Report
Product and Service
Laws and Regulation
Exhibition and Forums
 Infopetro -> Industry in Focus

Future Local Power Cost May Triple: CLP


CLP Power Hong Kong Ltd Vice-Chairman Betty Yuen warned that the future energy cost to generate electricity in the city may jump three times, but declined to comment on tariff increases in the coming year.

"We are preparing to allow the import of PetroChina's second West to-East Pipeline natural gas to feed the Black Point Power Station because the depletion of the Yacheng gas field will soon take place," Yuen said.

"However, the natural gas supplied by PetroChina's second West-to-East Pipeline in the future would be three times more expensive than the gas supplied by the Yacheng gas field, meaning the future energy cost to generate local electricity will rise drastically."

"The group will do everything it can to prevent an energy cost surge that will transmit into higher electricity bills. For example, we have urged the Yacheng gas station to produce more environmental-friendly natural gas or purchase better quality coal to generate more electricity. We also asked local customers to reduce their current electricity consumption so that it can hinder the tariff rise to some extent," Yuen reckoned. "In addition to an energy cost hike, the group will also consider other factors such as sales volume of local electricity and operating expenses. The group will consider all these factors with the government to decide whether there will be tariff increases in the coming year," Yuen noted.

(Chinadaily Aug. 2012)

Home | About Us | Contact Us | Membership and Fee Policies | Search
© 2020 InfoPetro Technology Development, Ltd., All Rights Reserved.  ICP05035784