<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Regional power utility CLP Holdings Ltd said on Monday that it will consider listing its India business to raise funds for further expansion there.<br><br>"Our Indian business may at some stage make demands on CLP Holdings' capital on a scale beyond what we are prepared to fund ourselves," CLP said in its 2011 annual report. "In due course, we will consider a local listing."<br><br>The company added that it was too early to provide an estimate on the timing or size of the possible listing.<br><br>The company also said it might bring in partners on future projects in India to ease capital commitments.<br><br>CLP, currently planning a listing of Australian unit TRUenergy, said operating earnings from India in 2011 totalled HK$154 million, compared to HK$141 million in 2010.<br><br>CLP entered the Indian market in 2002 with the acquisition of a majority stake in Gujarat Paguthan Energy Corp Pvt Ltd (GPEC), and assumed full ownership of the business in 2003.<br><br>Operating through wholly-owned CLP India Pvt Ltd, CLP Holdings' investments in India have totalled about 2,614 megawatts covering renewable energy, coal-fired and gas-fired generation.<br><br>GPEC's earnings rose to HK$391 million in 2011 from HK$247 million in 2010, CLP said, adding, however, that GPEC's short-term earnings outlook was clouded by uncertainty over supplies of natural gas.<br><br>CLP Holdings' net profit for 2011 fell 10 per cent year on year to HK$9.29 billion on an impairment loss for a coal-fired plant in Australia as a result of a new Australian carbon tax law.<br><br><br><br>(Reuters)</p>