Day of reckoning: Indonesia faces a new era as an oil crunch looms

Article Abstract:

Indonesia will become a net importer of oil sometime between 1998 and 2010 but the change will probably not hurt the overall economy thanks to greater use of other resources. In 1994 the country found only 200 million barrels of new reserves, half the amount consumed that year, and the trend is worsening thanks largely to government policies that most observers say must go. Asia overall now uses a 25% and rising share of total world oil but produces only 10%. That makes it vulnerable to possible price rises, though analysts foresee none.

Petroleum, Petroleum and Coal Products Manufacturing, Supply and demand, Indonesia, Natural resources

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The power of two: some regard Citic Pacific's stake in Hong Kong's biggest power producer as just another political investment by Beijing. Maybe, but china Light & Power is getting the best part of this deal

Article Abstract:

Citic Pacific the Hong Kong flagship of China International Trust & Investment Corp and is to purchase 20% of Hong Kong's China Light & Power, and electricity producer. Growth of CLP in Hong Kong is now limited and it will need the help of Citic to complete postponed power projects. There are suspicions that Citic is purchasing the 20% for nationalist and political reasons inspired by the impending return of Hong Kong. However CLP has valuable expertise and it may help Citic's power plant projects in China to develop much faster.

Mergers, acquisitions and divestments, Energy industries, Citic Pacific Ltd., Energy industry, China Light and Power Company Ltd.

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Power hungry: Vietnam needs more electricity to push it to 2010

Article Abstract:

Vietnam badly needs new power plants and related infrastructure to sustain its growth, but its intransigence over terms is discouraging many investors who have no shortage of projects. Govt projections show power demand rising 13.7% annually until 2010, creating the need for a quadrupled power supply, at an estimated cost of $20 billion. Even Gordon Wu is uninterested, though, as the govt will not give exchange-rate guarantees and even wants to be able to change rates according to the weather.

Economic aspects, Vietnam, Electric power

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