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.
Old flats get priority in CLP's green-energy fund
Old residential buildings without clubhouses and with owners' groups will get priority for funding from a green-energy project set up by the city's largest power supplier.
CLP Power made the announcement yesterday as it launched its Eco Building Fund that will allocate up to HK$17 million a year until 2018 to replace old, power-hungry electrical fittings with energy-saving modern alternatives.
Successful applicants will get grants of up to HK$500,000 per building or up to HK$1 million for an entire estate. Equipment to be replaced includes lighting, lifts and air conditioners.
CLP's chief corporate development officer Quince Chong Wai-yan said the money would come from an estimated HK$70 million it was entitled to for meeting the government's energy-efficiency and audit targets.
She said the fund was aimed at old buildings, but would not say how many might benefit as it depended on the scale and type of each project. "We are very confident that we will not leave even a cent in the fund," she said.
CLP Power supplies electricity to more than two million customers in Kowloon, the New Territories and outlying islands except Lamma, which is supplied by HK Electric.
The utility company said buildings would be eligible only if they had owners' corporations or some form of residents' group, because the projects would be carried out in collectively owned public spaces.
Buildings that are at least 20 years old and don't have clubhouses, have never received similar government funding and have conducted an energy audit or similar assessments will also be given priority.
Applications open on June 30.