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Power
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| Castle Peak Power Station has generation capacity of 4,108 megawatts, providing electrical power to Hong Kong. |
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Business Scope
- ExxonMobil has extensive power generation capacity, including investments in 6,883 megawatts in China, and in 5,000 megawatts of capacity at other company manufacturing sites around the world.
- An ExxonMobil power affiliate has a 60-percent interest in three power stations in Hong Kong. CLP Power Hong Kong Limited owns the remaining interest, operates the stations, and owns electricity transmission and distribution systems serving Kowloon and The New Territories. The ExxonMobil affiliate also has a 51-percent interest in a company that has off-take rights from a pumped storage station in Guangdong Province.
- ExxonMobil's power investment company develops power generation and cogeneration opportunities, including many at the company's manufacturing facilities around the world. Generation capacity at these facilities includes 2,000 megawatts of highly efficient cogeneration capacity.
Industry Conditions
- Hong Kong electricity demand increased in the commercial, manufacturing, and residential sectors, reflecting improvements in the economy.
Power Strategies
- Enhance the long-term value of existing power interests in Hong Kong
- Pursue power generation opportunities where synergies among ExxonMobil operations provide an attractive premium
2000 Highlights
Steady earnings continue, driven by Hong Kong operations.
Electricity sales in China grew by 7 percent and set a record.
Progress continued in developing power projects in Africa, Asia, Europe, the Middle East, and the Americas, including projects at several North American refineries.
| STATISTICAL RECAP
(1) |
2000 |
|
1999 |
1998 |
1997 |
 |
| Earnings (millions
of dollars) |
319 |
|
327 |
335 |
333 |
| Electricity sales (2)
(gigawatt-hours) |
27,485 |
|
25,778 |
25,764 |
23,725 |
| Average capital employed
(millions of dollars) |
2,119 |
|
2,180 |
2,209 |
2,204 |
| Capital expenditures
(millions of dollars) |
28 |
|
26 |
88 |
238 |
(1) ExxonMobil share of power affiliate results, except electricity sales, which are stated at 100 percent. Majority-owned power companies in China were de-consolidated in 1998.
(2) CLP Power sales to consumers in China.
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Generating Facilities
| |
Capacity |
Fuel |
| |
| |
(MW) |
|
| Hong Kong |
6,283 |
Gas/Coal/Oil |
| Guangdong |
600 |
Pumped
Storage |
| Cogeneration |
2,000 |
Gas/Various |
| Other |
3,000 |
Gas/Various |
(1) Capacity stated at 100 percent. Cogeneration and Other include capacity at ExxonMobil sites worldwide.
(2) Includes simple cycle generation.
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