Abstract :
A summary of the China Light & Power Company´s background, operation up to 1975 and developments since 1975 is given, covering territory, load growth, generation, transmission, distribution, interconnection and control. Then follows a discussion on the company´s principles of project strategy applied to all projects. This is followed by a Section on how these are applied to the Castle Peak B project, dealing with alternative methods of contracting, assessment and placement of risks, plant selection, price evaluation and project management. The policies are then summarised and conclusions are drawn concerning their success.
