Power: Power Provider and Road Expert

power: In a statement to the Hong Kong stock exchange late last week, the investment company Kaisun Holdings announced it had signed a memorandum of understanding with a Chinese state-owned power provider and a tiny Australian private company to build two 1,000MW power stations, according to The Guardian. Kaisun works mainly in central Asia and describes itself as a belt and road expert. Guardian Australia can reveal that local authorities including the Cessnock mayor, Bob Pynsent have been briefed about the unusual plans to turn the failed Hunter economic zone into a 2,000 megawatt coal power plant. The company is based in Hong Kong but incorporated in the Cayman Islands. Cavasinni is the also the director of a company that paid 5.5m in 2012 to buy a 70 hectare parcel of the Hunter economic zone, a largely failed proposal to stimulate the local economies of Kurri Kurri and Cessnock after a slowdown in local mining and heavy industry. Hunter Valley coalmine ruling buoys other anti-mine campaigners Read more It said the heads of agreement had been signed with a subsidiary of China Energy part of the company's engineering group and Cavcorp, a company worth 25,000 on paper and wholly owned by the Parramatta businessman Frank Cavasinni. (news.financializer.com). As reported in the news.