CLP Group (its holding company is CLP Holdings Ltd) is an electricity company in Hong Kong with businesses in a number of Asian markets and Australia. Incorporated in 1901 as China Light & Power Company Syndicate, its core business remains electricity generation, transmission, and retailing.
Power firms cannot provide greener technology if they are starved of funds
I am confused as to why our politicians and administrators are complaining so loudly about an agreement they themselves have fairly recently renegotiated and ratified under the scheme of control with the two electricity providers.
They have either done a bad job of negotiating on our society's behalf or else they are trying to renege on a legally binding agreement for the sake of cheap political point-scoring.
Neither of these two scenarios paints them in a very good light.
Utility companies in many parts of the world have been so squeezed by their governments and other pressure groups that they are no longer able to provide a decent service, or in some cases no service at all. I do not wish this to happen in Hong Kong.
I am not a CLP Power shareholder but a consumer and feel that historically the company has provided power at a reasonable cost and with a first-class maintenance service, on several occasions coming out to Sai Kung Country Park in the middle of a typhoon to restore electricity.
The power companies are themselves also consumers of, for example, labour, fuel, light bulbs and paper clips. Like all of us, they have had these costs increase in recent years and it is not unreasonable that they should adjust their charges to reflect this.
Historically, CLP has demonstrated a responsible attitude towards its consumers and society at large. The statement that under the current agreement they are allowed to increase their tariffs by 10 per cent every year, with the implication being that they might actually do so ('CLP tariff concession 'still not enough'', December 22), is scare-mongering.
As a community we require our power companies to supply reliable, reasonably priced power, and in recent years our society has expected this to be achieved - rightly so in my view - with a reduced environmental impact.
Greener fuels and technology come at a considerable cost and this will not be achieved if the companies involved are starved of the necessary resources to achieve this.
As a customer of CLP for more than 30 years, I am happy with its performance. I wish I could say the same about our politicians.
David McKirdy, Sai Kung