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From owner-irn-three-gorges@igc.org Tue Nov 11 13:36:14 1997
From: owner-irn-three-gorges@igc.org
Date: Tue, 11 Nov 1997 10:02:05 -0800 (PST)
Message-Id: <199711111802.KAA11383@igc3.igc.apc.org>
>Date: Tue, 4 Nov 1997 5:17:03 PST
To: "undisclosed-recipients:;"@igc.org
>
> BEIJING, Nov. 4 /PRNewswire/ -- Hydro-Quebec International (HQI) has
>announced the signing of a memorandum of understanding with Chinese
>partners expressing the parties' intention to set up one joint venture,
>with a view to building hydroelectric power station worth an estimated
>$350 million (Can.) in the province of Hunan.
> The announcement was made by Hydro-Quebec President and CEO Andre
>Caille and Hydro-Quebec International President and CEO Michel Clair
>during a mission to China headed by Quebec Premier Lucien Bouchard.
> The project concerns the construction and operation of about 200-MW
>power generating station in hongjiang on the hongjiang river in
>southwestern Hunan province. The letter of intent signed by Hydro-Quebec
>International, China International Water & Electricity Corporation (CWE)
>and Hunan regional hydroelectric development corporations focuses on the
>partners' willingness to jointly develop, build and operate the facility
>for a 25-year period. The power station will have an estimated annual
>capacity of 1 TWh, sufficient to supply over 1 million rural homes in
>China. Discussions and analyses involving the parties to the agreement
>will be completed in the coming months. Work on the project is expected
>to begin in roughly two years.
> Hydro-Quebec International will initially have a 60% interest in the
>two joint ventures but intends to seek other partners during the
>development phase and reduce its interest to about 40%. Direct economic
>spinoff from the project in Quebec is expected to reach $65 million, of
>it $50 million in equipment and should make it possible to maintain or
>create nearly 150 jobs in Quebec.
> Andre Caille and Michel Clair expressed optimism about the execution
>of this medium-sized hydroelectric project in China. "China has the
>world's biggest hydroelectric potential, enormous energy needs and
>serious air pollution problems. These two joint ventures in the
>hydroelectric sector are, in many respects, a first in China. We are
>confident that the pursuit of these projects reflects a durable
>partnership between Quebec and China in the energy field," Mr. Clair
>concluded.
> The Ministry of Water Resources is responsible for developing
>China's hydroelectric potential, which exceeds 300 000 MW. CWE is an
>invaluable strategic partner for HQI. "I am especially pleased with the
>trust that has developed between CWE and HQI after six months of
>negotiations," noted Michel Clair, President and CEO of HQI. "We have
>already pinpointed a specific project and are formally initiating its
>development. HQI will do everything possible to ensure that this first
>project with CWE succeeds in the interests of both parties."
> The Hunan regional development corporations with which HQI is
>associating in conjunction with the project are key organizations with
>regard to the execution of hydroelectric project in the province.
> HQI is a wholly owned subsidiary of Hydro-Quebec and operates in 40
>countries. It seeks to develop international markets in the energy
>sector and in allied sectors on behalf of Hydro-Quebec and its
>subsidiaries. It exports know-how and technological products and invests
>through partnership agreements on the international energy market.
>-=-=-
>
>Organization: Copyright 1997 by PR Newswire
>Subject: Hydro-Quebec International Undertakes a Hydro-Electric Project
>Worth $350 Million in China
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Date: Tue, 11 Nov 1997 11:05:04 -0800
From: patrick@irn.org (Patrick McCully)
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Subject: Hydro-Quebec International Undertakes a Hydro-Electric Project
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