CLP says China's economy stabilizing
28-04-2009
CLP says the decline in electricity demand on the mainland has bottomed out, as the country's economy stabilizes amid the global downturn.
Its Chief Executive Officer, Andrew Brandler, made the comment after its annual general meeting.
Mr Brandler said one of the company's major focuses is to further develop renewable energy on the mainland.
The firm's revenue is expected to fall by 30 percent after last year's scheme of control agreement with the government that lowered its permitted profits.
