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Duke Energy Aims to Cooperate With Chinese, CEO Says (Update1)
2010-09-13 02:51:57.347 GMT
(Updates with CEO comments in third paragraph.)
By Bloomberg News
Sept. 13 (Bloomberg) -- Duke Energy Corp., owner of
utilities in the U.S. Southeast and Midwest, may cooperate with
Chinese companies on power projects outside of the Asian country,
Chairman and Chief Executive Officer James Rogers said.
The Charlotte, North Carolina-based company seeks joint
investment in wind power, solar energy and utilities in the U.S.,
as well as hydro power in South America, Rogers said at the
World Economic Forum Summer Davos meetings in Tianjin, China.
"Our focus is really on partnering and going out together
as a Chinese-American consortium to develop opportunities
outside of China," Rogers said, without identifying the
possible companies. "I say to our partners, let's partner,
we'll conquer the world. We bring capital, we bring expertise,
we bring scaling."
Duke gets 90 percent of its revenue from the U.S. and about
9 percent from South American countries including Peru, Ecuador
and Argentina.
For Related News and Information:
Top Energy Stories: ETOP <GO>
--Editors: Ryan Woo, John Viljoen.
To contact the Bloomberg News staff on this story:
Baizhen Chua in Tianjin at +86-10-6649-7561 or
bchua14@bloomberg.net
To contact the editor responsible for this story:
Clyde Russell at +65-6311-2423 or
crussell7@bloomberg.net
