Time warp back to 1901. CLP was founded right here in Hong Kong. Today we’re standing before CLP Headquarters.
CLP stands for China Light and Power. It is one of the largest investor-owned power businesses in the Asia-Pacific region. CLP Holdings Ltd owns the company. It is listed on the HKEX. Its market capitalization was HK$159.4 billion as of June 30, 2024.
In Hong Kong, CLP is the largest power company. It operates a vertically-integrated electricity supply business. This includes generation, transmission, distribution, and retail. CLP supplies electricity to 2.81 million customer accounts. That’s over 80% of Hong Kong’s population. This includes Kowloon, the New Territories, Lantau Island, and most outlying islands. The reliability is impressive at 99.999%.
Outside Hong Kong, CLP invests in the energy sector in Mainland China. They also invest in Australia and India. Its business includes power generation. It also does transmission and distribution, and electricity and gas retail. CLP is one of the largest external investors in Mainland China’s energy sector. They focus on clean and low-carbon energy. In India, CLP is one of the largest foreign investors in the power sector. In Australia, EnergyAustralia is its wholly-owned subsidiary. It is one of the largest integrated power companies.
CLP aims to provide sustainable energy solutions. They want to create value for shareholders, customers, employees, and the wider community. Their goal is to be the leading responsible energy provider in the Asia-Pacific region. They want to sustain this from one generation to the next.
CLP’s entry into the China market began in 1979. They provided electricity to Guangdong. This met the developing needs of the local economy. In 1985, they invested in the Daya Bay Nuclear Power Station. It was the first commercial nuclear power plant in Mainland China. Since then, they have participated in its operations.
CLP has always been committed to Mainland China’s growing energy sector. They have been a developer, investor, project manager, and operator. To date, they are one of the largest external investors in the energy sector in Mainland China. They have investments in 15 provinces. Their assets are distributed across North, East, South, Northeast, Southwest, and Northwest China. They have over 50 power generation assets in China. 26 of them are wholly-owned. Their capital investment amounts to around HK$50 billion.
CLP is actively involved in the development of renewable energy projects. Their portfolio includes nuclear, wind, solar, hydro, and coal. They cooperate with major players in energy and power industries in Mainland China.
Here at CLP Headquarters, you see a commitment to sustainable growth. They responsibly manage the environmental impact of their projects. They promote diverse community investments as a good corporate citizen. Remember that as you use energy today.