Wednesday, January 17, 2007

Lippo's energy business

Auric Pacific, Singapore-listed company controlled by Lippo Group, acquired China Energy Limited---the largest dimethyl ether (DME) producer in China---last month through conversion of loans. Five years ago Hong Kong-listed Lippo China Resources Ltd partnered with InterGen & El Paso to build 724 MW power plant in Fujian Province, China. A decade ago, Lippo's name was connected with Mission Energy in Paiton project. And now?

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