A Chinese T. Boone Pickens?
Hong Kong tycoon Stanley Ho is most famous in business for his vast and infamous casino empire and unofficial title as one of Asia’s richest people (his estimated US$8 billion net worth earned him the 113th rank in Forbes’ 2007 list of “the World’s Billionaires”). Might news of his recent clean energy joint venture with Portugal’s top power company bring him a new title: “the Chinese T. Boone Pickens“?
According to Macauhub, a government-sponsored news publication-cum-commerce division that reports business-related news in the Pearl River region and in Portugese-speaking countries, Ho has created a renewable energy partner firm with Portugal’s Energias de Portugal (EDP), which will be known as EDP-Energy Solutions Asia.
