Mirant commits to invest $3 million in Cheng Power

“We believe our investment in CPS will provide for an attractive return on capital and offer access to emerging technologies which will directly improve our business and the environments where we operate,” said Bill Harper, a principal in Mirant’s venture capital group. “The CPS products in development would make it possible for Mirant to produce cleaner, more efficient and reliable power as we pursue our goal of expanding worldwide operations to 50,000 megawatts by 2005.”

By the OGJ Online Staff


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