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The Group formed a joint-venture company with China Power International Holding Limited ("CPI") and China Southern Power Grid Co. Ltd. (¡§CSG¡¨) for the supply of electricity to Hong Kong SAR. The joint-venture company, China Hong Kong Power Development Company Limited ("China Hong Kong Power"), is 50% owned by CPI, 35% by CSG, and 15% by the Group. China Hong Kong Power engages in the generation, transmission and supply of electricity to Hong Kong. China Hong Kong Power will also source electric power from the PRC and invest in new power generation plants.
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CPI Holding is a wholly-owned subsidiary of China Power Investment Group, which is a state-own enterprise of the Government of the People's Republic of China. CPI Holding is the parent company of the Hong Kong-listed China Power International Development Limited (stock code 2380). CPI Holding has substantial experience in power industry, and is in procession of considerable electric power resources in Mainland China.CSG is a China state-owned company whose main function is to operate and manage power networks in Guangdong, Guangxi, Yunnan, Guizhou and Hainan Provinces.
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