www.ccgp-fushun.com
Domestic
World
Business
& Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Life
News of
This Week
Books / Reviews
Learning Chinese
Enron May Sell Its Business in China to Repay Debts
Collapsed United States energy giant Enron Corporation is looking for buyers for its last business on the Chinese mainland in an effort to raise cash to pay its creditors at home.

An Enron representative in China said on Thursday it was considering selling its stake in a profitable power plant in Southwest China's Sichuan Province, its last operation on the Chinese mainland.

A senior Enron executive involved in the power-plant joint venture said: "The pressure to repay debts is fairly heavy and possibly we'll have to sell our stake.

"But there is no detailed plan yet. It's just a matter of intention so far." The executive said the business was going well, despite the turmoil at Enron's headquarters.

If the decision is made to sell, Enron would likely sell all of its 51 per cent stake in the plant's operator, the Sichuan Jialing Electric Power Company, which has a registered capital of 920 million yuan (US$110 million).

The executive said potential buyers will be largely limited to foreign companies as the other investor in the power plant - the State-owned Sichuan Electric Power Corporation - still prefers foreign capital.

"Our project is profitable and quite a few foreign companies have expressed their interest," he said, refusing to give further details.

An official with the Chinese partner said: "They're preparing to transfer their stake. And the project is going on fairly well."

Enron's probable bankruptcy seems not to have disrupted the functioning of the power plant but an official with PetroChina still felt China's largest oil company had had a lucky escape.

Earlier, PetroChina had considered a strategic partnership with Enron to build a US$300 million gas pipeline in Northwest China. The PetroChina official said: "Luckily, we didn't complete the deal."

Months before it filed the largest bankruptcy in US history on December 2, souring financial conditions had pushed Enron to start retreating from the Chinese market, where it had made substantial progress over the past seven years.

Enron Petroleum and Natural Gas (China) Ltd, its major upstream business arm in China, ended all its operations in December.

(China Daily January 18, 2002)

In This Series
References
Archive
Web Link

主站蜘蛛池模板: 色综合久久久无码中文字幕| 99久久亚洲综合精品成人网| 日韩欧美精品在线观看| 亚洲欧美国产中文| 男人的天堂一区二区视频在线观看| 国产aⅴ激情无码久久久无码| 国产人成精品香港三级古代| 国产精品毛片无码| 92国产福利久久青青草原| 快拨出来老师要怀孕了| 久9re热这里精品首页| 日韩人妻无码精品一专区| 亚洲va成无码人在线观看天堂| 欧美日韩国产另类一区二区三区 | 亚洲av片不卡无码久久| 欧美日韩精品久久免费| 亚洲精品无码mv在线观看网站| 男生和女生一起差差差很痛视频| 又粗又黑又大的吊av| 老司机激情影院| 国产一级在线观看| 萍萍偷看邻居海员打屁股| 国产女同在线观看| 国产男女爽爽爽爽爽免费视频| 国产精品va在线观看手机版| 97久久精品午夜一区二区| 大胸年轻的搜子4理论| mm1313亚洲国产精品美女| 奶大灬舒服灬太大了一进一出| 一级特黄色毛片免费看| 成人免费在线看片| 中国精品白嫩bbwbbw| 成人毛片18女人毛片免费96| 中文字幕理论电影理论片| 无码国产成人av在线播放| 久久久久久亚洲av无码专区 | 成人片黄网站色大片免费| 中文字幕日韩专区| 成人综合婷婷国产精品久久蜜臀| 中文字幕亚洲综合久久综合 | 亚洲色成人网一二三区|