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CLP Group

From Alfawiki
CLP Group
Company typePublic
IndustryElectric power
PredecessorChina Light and Power Company, Limited
Founded1901; 125 years ago (1901)
FounderShewan, Tomes & Co. and associates
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong, Australia, India, Mainland China, Southeast Asia, Taiwan
ProductsElectricity production, transmission, distribution
OwnerKadoorie family (controlling interest as of 2013)
ParentCLP Holdings Ltd
Websitewww.clpgroup.com

CLP Group (), along with its parent company CLP Holdings Ltd (), previously known as China Light and Power Company, Limited (currently operating as CLP Power Hong Kong Ltd., ), stands as a prominent electricity provider in Hong Kong. Established in 1901 under the name China Light & Power Company Syndicate, its primary operations encompass electricity production, transmission, and distribution.Cite error: Closing </ref> missing for <ref> tag By 1919, it had begun providing electricity for street illumination throughout Kowloon.[1]

The Kadoorie family joined the board in 1930 and retained controlling interest as of 2013.[2] In 1983, CLP partnered with Guangdong Nuclear Power to establish and operate the Daya Bay Nuclear Power Plant.[3]

On 6 January 1998, CLP Holdings Limited succeeded China Light & Power Company Limited as the publicly traded holding entity on the Hong Kong Stock Exchange.[4]

In 2018, CLP introduced CLP Innovation (now known as CLP Digital), which manages Smart Energy Connect (SEC), an independent organization focused on delivering sustainable energy solutions.

Index constituent

By 2013, CLP Group was included in The Global Dow, a stock index featuring 150 leading global blue-chip companies. Additionally, it has been part of the Dow Jones Sustainability Index, including its Asia Pacific variants—the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) and the Dow Jones Sustainability Asia Pacific 40 Index. Since 2010, CLP has also appeared on both the Hang Seng Corporate Sustainability Index and the Hang Seng (Mainland and HK) Corporate Sustainability Index.

Electricity Tariff

Basic tariff (1 January 2024 - 31 December 2024)

Fuel cost adjustment

Markets outside Hong Kong

CLP’s growth beyond Hong Kong has been driven by strategic mergers and acquisitions. Its significant markets include Australia (through ownership of EnergyAustralia), India, Mainland China, Southeast Asia—particularly Thailand and Indonesia—and Taiwan.

Mainland China represented CLP’s initial overseas market, commencing power supply in 1979 by linking Hong Kong’s power stations to the Chinese mainland grid. The company intensified its acquisition efforts during the 1990s: entering joint ventures with Taiwan Cement Corporation in 1996; acquiring partial stakes in Thai Electricity Generating Public Co Ltd in 1998; purchasing Australian Yallourn Energy in 2001; and expanding into Australian retail energy by acquiring TXU Merchant Energy in 2005. In 2002, CLP further extended its footprint by acquiring Gujarat Paguthan Energy Corporation Private Limited in India.

Power generation facilities

CLP manages a range of power stations throughout Asia, predominantly relying on coal and other fossil fuel power station sources, while also producing electricity via nuclear,[5] solar energy, and wind power.[6]

Hong Kong

Among the primary power stations in Hong Kong are Black Point Power Station,[5] Castle Peak Power Station,[7] and Penny's Bay Power Station.[5]

Mainland China

In Guangdong province, CLP holds ownership interests in the Daya Bay Nuclear Power Plant and the Guangzhou Pumped Storage Power Station located in Conghua, Guangzhou.[5] Additionally, it operates the Fangchenggang power station situated in Guangxi province.[8]

India

Within India, CLP possesses the gas-fired Gujarat Paguthan Energy Corporation’s former Paguthan Combined Cycle Power Plant[6] as well as the coal-based Mahatma Gandhi Super Thermal Power Project in Jhajjar, Haryana, which commenced operations in 2012.[6]

The company also manages multiple wind energy sites and has initiated its inaugural solar venture, Veltoor, located in Telangana.[9]

Australia

EnergyAustralia, a fully owned subsidiary of CLP, ranks among Australia’s leading integrated energy providers. As of 2013, it generates electricity through coal, gas, and renewable resources, delivering 5,662MW to more than 2.8 million residential and commercial clients across Victoria, South Australia, New South Wales, the Australian Capital Territory, and Queensland.

Between 2005 and 2011, CLP maintained a 50% shareholding in Roaring 40s, which operated wind farms across Australia, China, Hong Kong, and India.

Southeast Asia and Taiwan

Since entering Southeast Asia and Taiwan in the early 1990s, CLP has developed a significant portfolio of energy assets. Following its divestment from EGCO in Thailand in 2011, the company’s regional holdings include the Ho-Ping coal-fired project in Taiwan and the Lopburi solar farm in Thailand. CLP is also involved as a co-developer in two coal-fired projects within Vietnam.

External links

  1. ↑ CLP history
  2. ↑ Moody's report
  3. ↑ World Bank
  4. ↑ CLP official website
  5. ↑ 5.0 5.1 5.2 5.3 Cite error: Invalid <ref> tag; no text was provided for refs named histearly90s
  6. ↑ 6.0 6.1 6.2 Cite error: Invalid <ref> tag; no text was provided for refs named bs
  7. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named histcv
  8. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named histrecent
  9. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
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