The next morning, Li Guangyu, Li Ka-shing and others went to the Tin Shui Wai area, where the construction of the Heung Kong Electric Light Group Power Plant officially started today, and all major shareholders came to attend the groundbreaking ceremony.

With an estimated investment of HK$18 billion, just HK$2 billion less than CLP Power's Castle Peak Power Plant, the start of the project marks the Group's official expansion of its business to the north.

The construction period is divided into three phases, the first phase of which will take three years to meet the electricity consumption of residents and businesses in Tin Shui Wai and Yuen Long areas, taking into account the future expansion of the Tin Shui Wai area.

The Lee consortium is gradually increasing its investment in the Tin Shui Wai area, where there are more and more workers and production companies, and electricity consumption is also very high.

A series of actions by Heung Kong Electric Group have brought great pressure to CLP Power Group. The Heung Kong market is only so big, they originally expected the Heung Kong Electric Light Group to occupy the Heung Kong Island and Lamma Island area, and they occupied the area north of Kowloon, so they invested 20 billion Hong Kong dollars to build such a large power plant, which is to meet the electricity demand of Heung Kong for many years to come.

Now it is good that the power plant has not yet been established, and the Heung Kong Electric Light Group is ready to come over and seize the market. Once the Tin Shui Wai power plant is built, they will lose a large part of the market.

The shareholders behind the Heung Kong Electric Group are too strong, and they have a very good relationship with 80% of the real estate groups in Heung Kong, and these groups will definitely choose to connect the line of the Heung Kong Electric Group when developing real estate, rather than choosing them China Power Group.

Take a look at the ranking of Heung Kong Real Estate Group, the top ten real estate groups in Heung Kong, the shareholders of Heung Kong Electric Light Group account for more than half, especially in Tin Shui Wai, the big electricity consumer is the Li consortium, as long as the Tin Shui Wai power plant is put into operation, China Power Group will lose this big customer.

At present, CLP Power Group is affected by the stock market and Heung Kong Electric Group, and the market value of the group in the stock market is declining, and the current financial pressure of the Kadoorie family is also very large.

Although they transferred 40% of their shares to HSBC Standard Chartered and Jardine Matheson and Swire last year, they have not had enough money in the money-hungry hole of the Castle Peak Power Station.

At present, 60% of his own shares of China Power Group are still mortgaged in HSBC, and this time the market value of the stock market has plummeted, and he must make up the difference, even if he and HSBC are allies, it is useless, and Shen Bi can't help him in this matter.

While Li Guangyu and his colleagues attended the groundbreaking ceremony, Rorentz Kadoorie invited several shareholder representatives of CLP Power Group to discuss the matter at the Mandarin Oriental Hotel owned by Jardine Matheson.

In the box, Lorence Kadoorie said: "Ladies and gentlemen, the current situation is very serious for our Heung Kong Power Group, especially this Keswick decision has also brought a huge blow to our group. ”

Henry Keswick's solo action made some of them very unhappy, especially Roland Kadoorie, who also had 10% of the shares of CLP Power Group controlled by Jardine Matheson.

Henry Keswick didn't say much about Rorenz Kadoorie's complaints, this relocation of the registered place was not decided by himself alone, it was a joint decision of all shareholders of the group, as for the current losses, he had no choice, when the decision was made, he was mentally prepared.

Shen Bi said: "Don't mention the problem of Keswick anymore, under the current situation, it is understandable that they choose to do this, and this may not only be their own decision, but London must have also made a lot of efforts." Now let's look at the future development of CLP Power Group, which is what we need to discuss today. ”

Shen Bi is also aware of the complexity of the situation in which Jardine Matheson Group announced the relocation of its registered place this time, but this time it seems that it will not be able to achieve the wishes of some people, and the Li consortium counterattacked too quickly and too ruthlessly.

This time, the total investment of the Li consortium and its interest groups exceeded 30 billion Hong Kong dollars, not to mention that a Jardine Group wants to relocate, even if it is added to Swire, they can offset it.

Now CLP Power is facing a situation where it is halfway through the construction of its power plant, and if it chooses not to continue to invest, it will lose billions of Hong Kong dollars.

After completion, it is likely to face limited customer resources, and there is no need for so many engine units to operate, and it can only become an ornament.

Now they are in a dilemma, in the past, the Heung Kong Electric Light Group was their ally, each occupying their own territory, and everyone developed peacefully.

Now that the situation has changed, after the Li consortium joined, they are obviously not satisfied with occupying only 30% of the electricity market in Xiangjiang, and the Tin Shui Wai power station is their first step in grabbing the market.

Moreover, in this regard, there is no possibility of peace talks between them and the Heung Kong Electric Light Group, they cannot just give up the market like this, and the Heung Kong Electric Light Group cannot just guard the market it currently occupies.

Now Henry Keswick was too busy with his own Jardine business, where did he have the energy to think about the problems of the China Power Group, he himself just listened quietly by the side, and did not speak.

The former leader of the British-funded consortium is now completely silent, and in the future, Jardine Matheson Group will not be able to represent the Heung Kong British-funded consortium.

And Wooden Schwyah didn't care too much about this, and now their main asset, the Swire Pacific company, the Lee consortium, held nearly one-third of the shares, and the Singapore consortium held nearly one-fifth of the shares, and the two could drive him out of the group.

Fortunately, now Li Guangyu does not seem to have the intention of killing everything, his Shihuaiya family has firmly controlled the company, and his own drinks through Hengyu Supermarket and Watson's channels, the number of orders is increasing, and he is planning to establish a new beverage production company to cope with the continuous growth of orders.

Wooden Shihuaiya feels that getting along with the Li consortium like this is not harmful to their Shi Huaiya family, as long as they can make money, why think about grabbing the market with the Li consortium for a day.

As for their group's stake in CLP Power, Wooden Schwyatter was ready to trade it out at the right time, so he didn't want the group to continue to invest in it.

Judging from the current situation, it is difficult to recover the cost of the huge investment in the Tsingshan power station in the short term, especially after the operation of the Tin Shui Wai power plant, which may lead to a significant decline in the profitability of CLP Power Group, and it may be a luxury to recover the cost.

Rorente Kadoorie looked at the reactions of these people, and felt very uncomfortable, how could such a cooperative alliance compete with the Li consortium, everyone only cares about their own interests and does not consider their allies, it is strange that this can continue to go.

Then he talked about his own views, the Qingshan power station should continue to be built, and at the same time give more preferential treatment to customers, and seize more customers before the Tianshui Wai power plant is built.

After all, electricity involves lines, as long as customers use their own group habits, there is no big benefit, they will not choose to replace, after all, this aspect is still a more troublesome thing.

Shen Bi said: "Kadoorie, the construction can continue, but whether the installation on the generator sets can be reduced, and when there is demand in the future, we can purchase new generator sets, so that we can also reduce some investment." ”

Henry Keswick and Wooddon Shihuaia also agreed with Shen Bi's proposal, and at present, their two groups are not having a good time, and they can save a little bit.

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