Mr Brandler made the comments after the Hong Kong-based company reported earnings of $1.8 billion for 2001 on top of a rise of 2.2 per cent in sales. The company was keen to invest in power projects in Australia, China and Taiwan in order to diversify away from the currently depressed Hong Kong property market, where the company has a strong presence, Mr Brandler said.
CLP is not the only Hong Kong-based company looking to fill the vacuum in the Australian electricity industry created by departing US investors. Cheung Kong Infrastructure also said it plans to enter the Australian electricity distribution industry.
