We are all reborn, who wants to be the richest man?
Chapter 375 Daya Bay
CLP Electric Group is a company formed by the merger of Hong Kong Island Electric and CLP Power. Hong Kong people are now accustomed to calling this company CLP Electric.
Although Luo Nianzhong is the major shareholder of this company that controls all the power facilities on Hong Kong Island, he rarely comes here. Counting the number of times Luo Nianzhong has been here since the merger of the two power companies, he can count on one hand the number of times he has been here.
This also fully proves to outsiders that he has trust and support for the Kadoorie family, the first big family in Hong Kong to rely on, and does not interfere at all with the daily operations of the China Electric Power and Lighting Group.
"Hey, I made the tea before it even arrived?"
As soon as he approached the conference room and saw the tea already brewed on the main table, Luo Nianzhong teased Lao Kadoorie, Mi Gao's father.
"Mr. Luo is such a busy man and it's not easy for him to come here. Of course he has to sweep up the bed and wait for it. He will warmly entertain him. Please take a seat."
Old Kadoorie came up to Luo Nianzhong, shook hands cordially, made a joke, and asked Luo Nianzhong to sit down. However, when Luo Nianzhong came to the main seat, he took the tea aside and sat down where old Kadoorie was sitting just now.
"You are too polite to me. I said that is your seat. How can I, an idle person who comes here once in a while, sit down? You should always sit down."
This kind of seat relinquishment would happen every time Luo Nianzhong came over. Every time the old Kadoorie would give up the chairman's seat, but every time Luo Nianzhong would not sit down, but would give up his seat.
No matter how Luo Nianzhong tried to persuade him not to do it next time, Lao Kadoorie would still do it every time.
This kind of respect makes people feel comfortable without spending money. Otherwise, it is said that Jews can do business. No one can do this kind of thing that does not pay but can bring rewards better than them.
Seeing that Lao Kadoorie wanted to give in again, Luo Nianzhong quickly put him on the chairman's seat.
"You are the chairman of China Electric Lighting Co., Ltd., and this position is yours."
Seeing Luo Nianzhong like this, Lao Kadoorie no longer refused. After sitting down, he looked around with a smile on his face and coughed lightly.
"Okay, now that Mr. Luo has arrived, our meeting today will officially begin.
Today’s topic is very simple, which is the joint venture with Guangdong Province to build a nuclear power plant.
This matter has been decided since CLP Power and the other party reached a cooperation agreement long before the two companies merged.
What we are discussing today is Mr. Luo’s plan to double the power generation capacity of Daya Bay Nuclear Power Station in the first phase of construction, and also to significantly increase the overall power generation scale.”
Around the 80s, Hong Kong Island experienced a power shortage due to its rapid development. As early as 1979, CLP Power built a transmission line with Guangdong Province to buy electricity from Rabbit.
With the establishment of the Far East Group, Hong Kong Island's power shortage became even more severe. Guangdong Province seized the business opportunity and joined forces with China Electric Power to build a nuclear power plant to supply power to Hong Kong Island.
In addition to exporting electricity to earn foreign exchange, another point is to make Hong Kong Island's electricity dependent on Rabbit to have more means in case something unexpected happens.
The two sides have basically reached an agreement on this matter, but it was shelved for a while due to the issue of the ownership of Hong Kong Island.
Now that the issue of sovereignty over Hong Kong Island has been settled, the restart of the project has begun, and the only thing left is to sign the contract.
After learning about this matter, Luo Nianzhong intervened. He hoped that Daya Bay, the second largest nuclear power plant in the future, could be doubled in size in order to ensure Hong Kong Island's future power supply.
The area of Hong Kong Island is limited, and China Electric's existing power plants will basically not be expanded, or even reduced.
Although the semiconductor industry in the Far East has moved outward in recent years and saved most of its electricity, the future Internet era is coming, and it is an industry that is no more energy-saving than the semiconductor industry.
When smart phones come in the future, Luo Nianzhong will definitely keep the most high-end chip manufacturing technology in Hong Kong Island, which is another huge power consumer.
However, others don't know Luo Nianzhong's ideas, and some may question his suggestions.
"Mr. Luo, let me hear your reasons first. After all, according to the agreement we signed with the Guangdong Nuclear Power Group, we hold 25% of the shares and purchased an additional 45% of the electricity. In the future, 70% of the electricity in Daya Bay will be transmitted to Hong Kong Island. , according to our calculations, the total installed capacity of Hong Kong Island will reach about 1.3 times the electricity consumption, which is completely enough."
The other party didn't ask Luo Nianzhong such a stupid question as he didn't know the electricity consumption of Hong Kong Island of China Electric Lighting, but Luo Nianzhong didn't give the other party a good look either.
"Your calculation? How did you calculate it? Is it accurate? I only believe in my calculation."
With just one sentence, Luo Nianzhong was furious. The other board members did not expect that Luo Nianzhong would suddenly say such words. His gentle and elegant temperament was completely changed. Among them, only Lao Kadoorie still kept a smile. It was as if nothing had happened.
It's not that Luo Nianzhong is highlighting himself, but that the other party is from Wall Street, and Luo Nianzhong doesn't want the other party to know the reason.
The Kadoorie family of China Electric holds 23% of the shares, the Luo family holds 24.7% of the shares, the Wesley family, the former major shareholder of HK Electric, holds 8.8% of the shares, and the rest is some Wall Street capital, which holds about 5% of the shares.
The Luo family and the Kadoorie family have absolute say in China Electric Lighting, so Luo Nianzhong today is not a discussion at all, but a notification.
How much power does the current Zhongdian lamp generate?
The first is the former Hong Kong Electric's Ap Lei Chau Power Plant, with a power generation capacity of about 750 megawatts, and then the Lamma Island Phase , with a power generation capacity of megawatts.
Compared with the original power plant of Hong Kong Electric, the power plant here of CLP Power generates much more electricity.
The Tsing Yi oil-fired power plant opened in 1969 has a power generation capacity of about megawatts. The total power generation capacity of Tsing Shan Power Plant A and Plant B, which Luo Nianzhong urged to be opened this year, is about megawatts.
Finally, the expanded Penny's Bay Power Plant on Lantau Island has a power generation capacity of about 500 megawatts.
In other words, the total annual power generation of China Electric can be maintained at 8,000 megawatts, which does not include Lamma Island Phase 2 and Phase 3 and the Lung Kwu Tan Power Station under construction in Tuen Mun.
Counting all of them together, the total power generation of China Electric Lighting after the two power stations of Lamma Island and Long Kwu Tan were fully put into use in 1992 was megawatts.
However, the Ap Lei Chau power station has been planned to be decommissioned and is expected to cease use in 1988 at the latest. Even then, the local power generation capacity of Zhong Electric is only megawatts.
Coupled with Daya Bay's 70% power generation capacity of 1,400 megawatts, China Electric Lighting can supply approximately 12,500 megawatts of electricity per year.
Let’s take a look at the current annual electricity consumption on Hong Kong Island. In 1982, Hong Kong Island’s total electricity consumption was megawatts. Last year it was nearly megawatts. This year it is expected to grow significantly, exceeding megawatts. About five hundred megawatts.
Had it not been for the purchase of some electricity from Guangdong Province, there would likely have been widespread power outages during this season.
The other party is right. According to the current development curve, after Daya Bay, Longgutan and other power plants are put into use in the early 1.3s, the total installed capacity will be times the electricity consumption.
It will be too late to build new power stations or think of other solutions before the growth in electricity use really occurs.
But Luo Nianzhong knew that the outbreak of the Internet would not give them time to build power plants. Another point was that they absolutely underestimated the future electricity usage of Hong Kong Island residents.
Historically, Plant B of Qingshan Power Plant was not put into use during this period, and Longgutan only began to be slowly built in the 1990s.
How much electricity did Hong Kong Island use in a year? About 5,500 megawatts, now what? There are a full 2,500 megawatts more, an increase of more than 40%.
According to the current situation, Hong Kong Island's electricity consumption will exceed the original 2000 megawatts after 9000, reaching about megawatts.
But Luo Nianzhong knew that the electricity consumption would be much higher than this.
Not to mention Daya Bay, Luo Nianzhong is also preparing to ask Kadoorie to sign a purchase contract in advance for the Ling'ao Nuclear Power Plant behind it.
The reason why Lao Kadoorie can keep his composure and smile on his face now is because Luo Nianzhong got through with him in advance.
Although he did not elaborate, Luo Nianzhong told him that according to Far East Group's internal analysis report, Hong Kong Island's electricity consumption may reach 2000 megawatts or more around .
Kadoorie was shocked when he heard the news at first, but he soon calmed down and believed in Luo Nianzhong, because he had never failed and the two of them had the same interests.
He now wished that these Wall Street capitals would confront Luo Nianzhong, and it would be best to sell his shares and leave the market.
"Let's just decide this matter. If I have something else to do, I won't participate in your upcoming meeting."
"I'll give it to you." Old Kadoorie also stood up and walked out of the conference room with Luo Nianzhong.
Luo Nianzhong's strength and Lao Kadoorie's statement made Citigroup's representatives know that no matter what ideas he had, they were useless.
Many directors even looked at the new shareholder representative and director sent by Citi this year with some mockery.
Everyone knows that the power of Hong Kong Island is decided by the Law family and the Kadoorie family, and this is what they say.
But they don't care, because China Electric has proven that this group can bring them enough benefits.
Do you think they are really here to discuss it with you? They are just informing you, just putting it in a nice way.
Many Wall Street institutions now look at Citigroup representatives and ask, "How did this fool get into Citigroup and end up like this?"
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