US energy giant Mirant Corporation plans to at least triple its operations in China by 2005.
Mirant Vice President Rick Kuester said in Shanghai recently that his company, which has invested 400 million US dollars in China since 1994, is interested in the Chinese electricity market with China's entry into the World Trade Organization (WTO).
After WTO accession, the Chinese economy is expected to gain further momentum, which is likely to trigger a bigger demand for power, Kuester said while attending the launching of Mirant's Shanghai office.
Kuester said that Mirant is considering purchasing or obtaining Chinese electricity enterprises shares.
Mirant now has a 32 percent share in an electricity plant in south China's Guangdong Province and a 9.9 percent stake in a power company in east China's Shandong Province.
It established its Beijing representative office in April and signed a three-year cooperative agreement with the China State Power Corporation.
(Xinhua News Agency November 30, 2001)
