CLP Holdings, the Hong Kong-based utility, has almost completed a new coal-fired power plant in Haryana, the Indian state neighbouring Delhi.
In India, as in China, CLP is the largest foreign investor in power projects.
Because CLP is not based on the Chinese mainland, it is agnostic when it scours the world in search of the best equipment for its plants. Yet today, wherever CLP builds, whether in India, south-east Asia or further afield, the power-generation equipment it installs in its $1bn-plus plants comes from the mainland. In other words, power equipment has become yet another manufacturing citadel that Chinese makers have stormed in their move up the value-added chain.
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