CMS Energy to invest $1b in Asia

CMS Energy to invest $1b in Asia

SINGAPORE (Reuter): CMS Energy Corporation plans to invest
over US$1 billion or a third of its capital expenses in the next
five years in Asia, top company officials said yesterday.

"Looking over the next five years, we would be in the position
to invest upwards of a billion in S.E. Asia. This is additional
investments to our existing ones," Victor Fryling, president of
CMS Energy told Reuters at an interview.

Fryling is in Singapore for the official opening of CMS
regional office for Asian business development.

"By the end of that period, Asia may represent about 20
percent of the total size of our company," Fryling said.

Fryline said that over the next five years the company plans
to have stakes in various energy operations in the region,
encompassing electric power generation, oil and gas exploration
and production, natural gas pipelines and storage, electricity
marketing and both electric and natural gas utility operations.

CMS Energy currently has independent power generation as well
as oil and gas exploration and production activities in India,
the Philippines, Australia, New Zealand and Papua New Guinea.
According to Fryling, the company is also pursuing international
natural gas pipeline development opportunities in Southeast Asia.

"The countries we are focusing at this time to expand our
business include Australia, India, the Philippines, Thailand,
Singapore and Indonesia," David Weaver, vice president and
managing director of CMS Energy Asia Pe Ltd said.

"It is our goal to seek opportunities where our significant
experience and skills bring value, to develop strategic partners
to pursue investment opportunities and maximize our strength as a
total energy infrastructure company," Weaver added.

CMS Energy Corporation has its world headquarters in Michigan,
the United States, and is publicly traded on the New York Stock
Exchange.