• Sat
  • Dec 20, 2014
  • Updated: 6:24pm

CLP

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.

Technology has slashed CLP power generation emissions since 1990

Castle Peak Power Station

The impact of pollution on people's health and the liveability of Hong Kong has rightly become one of the city's primary concerns and has generated years of heated debate. But facts can sometimes disappear in the smog of heated discussions - and what is often overlooked is that our city has also scored some notable victories in tackling some of the sources of pollution.

Sunday, 9 March, 2014, 4:02am 1 comment

CLP expects more Australia gloom

Richard Lancaster.

CLP expects tough market conditions in Australia - where it reaped 62 per cent of its revenue last year - to persist in the next two years, after posting a weaker than expected profit for last year on large asset impairment charges.

28 Feb 2014 - 4:59am

CLP increases prices after tariff stabilisation fund drops to a low

Households in Kowloon and the New Territories will see the cost of electricity soar by almost 40 per cent in the next five years. Photo: Dickson Lee

The increase in power bills for Kowloon and New Territories residents next year can be attributed to the sluggish performance of a CLP Power fund set up to stabilise tariffs, the main power generator explained yesterday.

12 Dec 2013 - 5:34am

Power bills set to soar for Kowloon and New Territories households

Households in Kowloon and the New Territories will see the cost of electricity soar by almost 40 per cent in the next five years.

Households in Kowloon and the New Territories will see the cost of electricity soar by almost 40 per cent in the next five years, making it higher than on Hong Kong Island, where bills will be frozen.

11 Dec 2013 - 4:43am 16 comments

Power companies must now deliver

CLP Power and China Southern Power Grid sealed a deal to buy out Exxon Mobile's stake in the Castle Peak Power Company.

Hong Kong's electricity market has entered a new chapter after CLP Power and state-owned China Southern Power Grid (CSG) sealed a HK$24 billion deal to buy out Exxon Mobile's stake in the Castle Peak Power Company (Capco).

23 Nov 2013 - 6:01am

CLP Power to make energy conservation its focus as review looms

Paul Poon Wai-yin

Promoting energy-saving measures will be CLP Power's priority for the coming years, its managing director says, with its first target being to "double" the effectiveness of its campaigns.

11 Nov 2013 - 6:21am

CLP stuck between a rock and a hard place in India

An estimated 400 million people have no access to electricity in India and power demand is expected to double by 2035, presenting immense opportunities. Photo: Bloomberg

The little mountain of rocks tucked away in a corner of CLP's sprawling Jhajjar plant, 2½ hours from New Delhi, is where the Hong Kong power major's woes have been piling up.

28 Oct 2013 - 6:00am 1 comment

Energy policy will be transparent, says CLP chief Richard Lancaster

Energy policy will be transparent, says CLP chief Richard Lancaster

Hong Kong's energy future will rely on an "open and transparent" public consultation that will tell people the implications of their choices in favouring a particular energy mix, says the chief of the city's largest power firm.

21 Oct 2013 - 4:53am 3 comments

CLP Power pushes back construction of Sai Kung wind farm for study

Richard Lancaster, chief executive of CLP Holdings

A proposed offshore wind farm off Sai Kung might not see its blades rotating for at least another two years after CLP Power decided to extend a feasibility study into its economic viability and technical design.

21 Oct 2013 - 5:31am 2 comments

CLP deal may lead to spin-off of assets

CLP had said in February that it did not expect to make substantial investments in new assets or projects in Australia. Photo: Bloomberg

CLP's A$475 million (HK$3.4 billion) acquisition of two power plants in Australia is a step towards making its energy assets there more marketable to investors as a separate listed unit in future, even if by itself it is not a major strategic move, according to analysts.

29 Jul 2013 - 6:05am

CLP in A$475 m deal to buy two power stations

Hong Kong power supplier CLP said it would buy two power stations in Australia. Photo: Sam Tsang

Power supplier CLP said yesterday that it had agreed to buy two power stations in Australia from the New South Wales (NSW) state government for A$475 million (HK$3.4 billion), the latest in a string of purchases in the country that started 18 years ago.

29 Aug 2013 - 4:13am

Hong Kong's first electric coach is faster, lighter

The coach can travel 250 to 300 kilometres on a three-hour charge and reach a speed of 80km/h. Photo: Jonathan Wong

Power company CLP, which introduced Hong Kong's first electric coach yesterday, says it plans eventually to replace all its staff shuttle buses with the non-polluting vehicles.

21 May 2013 - 9:05am 1 comment

CLP's Brandler to head Kadoorie private office

Michael Kadoorie (right) and Andrew Brandler at a shareholders meeting. Photo: Jonathan Wong

CLP chief executive Andrew Brandler will join the private office of the Kadoorie family as chairman after he leaves the firm in the third quarter, said Michael Kadoorie, the utility's chairman.

1 May 2013 - 5:03am

Hong Kong employers win over staff, survey finds

Hong Kong employers win over staff, survey finds

MTR Corporation was the winner in the general category, with 56 per cent of employees wanting to work for the rail operator and finding its brand attractive. Swire Properties was second and CLP third.

19 Apr 2013 - 5:10am

CLP chief Andrew Brandler to resign, join Kadoorie family's private office

Richard Lancaster

Andrew Brandler, the chief executive of CLP for over 13 years, will step down in the third quarter of this year to join the private office of its largest shareholder, the Kadoorie family.

4 Apr 2013 - 5:09am

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