Editing CLP Group

{{Short description|Hong Kong electric power company}}
{{EngvarB|date=July 2014}}
{{Use dmy dates|date=July 2014}}
{{Infobox company
| name = CLP Group<br/>CLP Power Hong Kong Ltd.<br/>{{lang|yue-HK|中電集團}}<br/>{{lang|yue-HK|中華電力有限公司}}
| logo = CLP logo.svg
| type = 
| ISIN = {{ISIN|sl=n|pl=y|HK0002007356}}
| image = The Laguna Mall.jpg
| image_size = 
| image_caption = Former headquarters in [[Hung Hom]], Hong Kong
| traded_as = {{ubl|{{SEHK|2}}|[[Hang Seng Index]] component}}
| industry = [[Public utility]] - [[Energy industry|Energy]]
| founded = {{Start date and age|1901|01|25}} in [[Crown Colony of Hong Kong]]<ref>{{cite web|url=https://www.clpgroup.com/en/about/overview/our-history.html|title=Our History|publisher=CLP Group|access-date=2022-08-27}}</ref>
| hq_location =  43 Shing Kai Road, [[Kai Tak]]
| hq_location_city = [[Kowloon]]
| hq_location_country = [[Hong Kong]]
| area_served = {{plainlist|
*[[Hong Kong]]
*[[Australia]]
*[[India]]
*[[Mainland China]]
*[[Taiwan]]
*[[Southeast Asia]]
}}
| key_people = {{plainlist|
*Michael David Kadoorie (Chairman)
*Andrew Clifford Winawer Brandler (Vice Chairman)
*Chiang Tung Keung (Executive Director & CEO)

}}
| products = [[Electricity|Electric service]]
| num_employees = 8,074
| num_employees_year = 2021<!-- Year of num_employees data (if known) -->
| owner = [[Kadoorie family]] (35%)<ref>{{cite web | url=https://www.clpgroup.com/en/investor-relations/investor-information/shareholding-structure.html | title=Shareholding Structure }}</ref>
| subsid = {{aligned table|CLP Power Hong Kong|(100%)|Castle Peak Power Company (CAPCO)|(70%)|CLP𝑒 Solutions|(100%)|[[EnergyAustralia]]|(100%)|Hong Kong Pumped Storage Development Company (PSDC)|(100%)|[[Hong Kong Nuclear Investment Company]]|(100%)}}
| website = {{plainlist|
*{{URL|https://www.clp.com.hk|CLP Hong Kong}}
*{{URL|https://www.clpgroup.com|CLP Group}}
}}
}}
{{Chinese
| altname = CLP Power Hong Kong Ltd.<br>{{small|(formerly China Light and Power Co., Ltd.)}}
| t = {{linktext|中|電|集團}}
| s = {{linktext|中|电|集|团}}
| y = jung1 din6 jaap6 tyun4
| ci = {{IPA|yue|tsɔ́ːŋ tìːn tsàːp̚ tʰy̏ːn|}}
| j = zung1 din6 zaap6 tyun4
| t2 = {{linktext|中華|電力|有限公司}}
| s2 = {{linktext|中|华|电|力|有|限|公|司}}
| y2 = jung1 wa4 din6 lik6 yau5 haan6 gong1 si1
| ci2 = {{IPA|yue|tsɔ́ːŋ wȁː tìːn lèk̚ jɐ̬u hàːn kɔ́ːŋ síː|}}
| j2 = zung1 waa4 din6 lik6 jau5 haan6 gong1 si1
| showflag = y
}}

'''CLP Group''' ({{zh|t=中電集團}}) and its [[holding company]], '''CLP Holdings Ltd''' ({{zh|t=中電控股有限公司|labels=no}}), also known as '''China Light and Power Company, Limited''' (now '''CLP Power Hong Kong Ltd.''', {{zh|t=中華電力有限公司|labels=no}}), is an electricity company in [[Hong Kong]]. Incorporated in 1901 as China Light & Power Company Syndicate,<ref name=hist1/> its core business remains the generation, transmission, and retailing of electricity.<ref name=product>[https://www.clpgroup.com/ouroperations/assetsandservices/Pages/assets.aspx Our operations: Assets and services] {{Webarchive|url=https://web.archive.org/web/20140112064521/https://www.clpgroup.com/ouroperations/assetsandservices/Pages/assets.aspx |date=12 January 2014 }} CLP official website</ref> It also has businesses in a number of Asian markets as well as [[EnergyAustralia]] in [[Australia]]. It is one of the two main electricity power generation companies in Hong Kong, the other being [[Hongkong Electric Company]].

==History==
[[File:Tcitp d165 china light and power company at kowloon.jpg|thumb|The group's first power station on Chatham Road, Hung Hom, in Hong Kong (picture taken between 1903 and 1908).]]
The company was founded in Hong Kong in 1901 as China Light & Power Company Syndicate<ref name=hist1/> by [[Shewan, Tomes & Co.]] and others.<ref>{{cite book |last1=Jones |first1=Charles A. |title=International Business in the Nineteenth Century: The Rise and Fall of a Cosmopolitan Bourgeoisie |date=1987 |publisher=Wheatsheaf}}</ref><ref>{{cite book |last1=Cameron |first1=Nigel |title=Power: The Story of China Light |date=1982 |publisher=Oxford University Press}}</ref> In 1903, the company's first [[power station]], with a generating capacity of 75&nbsp;kW, was commissioned in [[Hung Hom]] at the junction of present-day [[Chatham Road]] and [[Princess Margaret Road]].<ref>[https://www.hongkongheritage.org/HKHeritageDigitizedDocuments/Energy/SEK-1A-037-003.pdf "China Light & Power Co., Ltd.: 1901-1918"]. "Sir [[Lawrence Kadoorie, Baron Kadoorie|Lawrence Kadoorie]]'s Address to the Staff, on 8th March, 1977, at the Peninsula Hotel"</ref><ref>{{Cite web |url=https://www.clp.com.hk/zh/about-clp-site/media-site/resources-site/Documents/e_aboutClppubCentlgtSection1%20(1).pdf |title=Rise of Electricity and the Community 1901-1945. CLP. |access-date=9 November 2015 |archive-date=4 March 2016 |archive-url=https://web.archive.org/web/20160304095832/https://www.clp.com.hk/zh/about-clp-site/media-site/resources-site/Documents/e_aboutClppubCentlgtSection1%20(1).pdf |url-status=dead }}</ref> By 1919, the company was supplying electricity for [[street light]]s in [[Kowloon]].<ref name=hist1>[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx Our history: 1901–1939; The beginning] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx |date=22 February 2014 }} CLP official website</ref>

The [[Kadoorie family]] joined the CLP board of directors in 1930<ref name=pg10>[http://www.thehardoons.com/TNG/histories/kwok.pdf The Matrix of Entrepreneurship: A Cross-Cultural Analysis of A Group of Baghdadi Indian Jews in the Intersection of Shanghai/Hong Kong (Draft only: please do NOT cite)] {{Webarchive|url=https://web.archive.org/web/20110717002117/http://www.thehardoons.com/TNG/histories/kwok.pdf |date=17 July 2011 }} Kwok Siu-tong, History Department, The Chinese University of Hong Kong</ref> and retains control of the company as of 2013.<ref>{{cite news | last =Goug | first = Neil  | title =Moody's reviews CLP rating over new debt to fund big NSW deal | newspaper =South China Morning Post | location =Hong Kong | pages =Business, pg. 2 | date= 16 December 2010}}</ref>

In 1983, the company established a joint venture with Guangdong Nuclear Power for the construction and operation of the [[Daya Bay Nuclear Power Plant]].<ref name=wb>Ashoka Mody ''Infrastructure strategies in East Asia: the untold story'' World Bank p64</ref>

On 6 January 1998, CLP Holdings Limited replaced China Light & Power Company Limited as the new holding company listed on the [[Hong Kong Stock Exchange|Stock Exchange of Hong Kong]].<ref name=histmod>[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab5 Our history: 1997–2000; Regional expansion] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab5 |date=22 February 2014 }} CLP official website</ref>

In 2018, CLP established a new branch, CLP Innovation (previously named) and now CLP Digital. The branch has a separate company listing, Smart Energy Connect (SEC) that provides environmentally friendly solutions.

==Index constituent==
As of 2013, CLP Group is a component of [[The Global Dow]]—a 150-stock index of the world's leading blue-chips.<ref>{{cite web | url=http://www.djaverages.com/?go=globaldow-components | title=The Global Dow | publisher=McGraw-Hill | work=Components | access-date=11 January 2013 | archive-date=11 November 2012 | archive-url=https://web.archive.org/web/20121111023512/http://www.djaverages.com/?go=globaldow-components | url-status=dead }}</ref> The company has been a constituent of the [[Dow Jones Sustainability Index]], the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific), and/or the Dow Jones Sustainability Asia Pacific 40 Index (DJSI Asia Pacific 40).<ref name=histrecent/> Since 2010, CLP has also been listed on the Hang Seng Corporate Sustainability Index and Hang Seng (Mainland and HK) Corporate Sustainability Index.<ref>For 2010 as first year so recognized, see {{cite web | url=https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab7 | title=2010-Today: Powering Asia Responsibly | publisher=CLP official website | work=Our History | access-date=11 January 2013 | archive-date=22 February 2014 | archive-url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab7 | url-status=dead }}
*For current status, see {{cite web | url=http://www.hsi.com.hk/HSI-Net/HSI-Net | title=Constituents | publisher=Hang Seng Bank | work=Hang Seng Corporate Sustainability Index Series | access-date=11 January 2013 | archive-url=https://web.archive.org/web/20130327040457/http://www.hsi.com.hk/HSI-Net/HSI-Net | archive-date=27 March 2013 | url-status=dead }}</ref>

==Electricity Tariff==
Basic tariff (1 January 2024 - 31 December 2024)
* https://www.clp.com.hk/content/dam/clphk/documents/tariff-adjustment-2024/TariffTable2024_CHI.pdf

Fuel cost adjustment
* https://www.clp.com.hk/zh/help-support/bills-payment-tariffs/fuel-cost-adjustment

==Markets outside Hong Kong==
In recent years, CLP has sought to expand outside of its native Hong Kong, accomplishing this through [[mergers and acquisitions]]. Markets outside Hong Kong it has entered include Australia (through [[EnergyAustralia]]),<ref name=histmod/> [[India]],<ref name=histmod/> [[Mainland China]],<ref name=histearly90s/> Southeast Asia mainly ([[Thailand]] and [[Indonesia]]) and [[Taiwan]].<ref name=histearly90s/>

Its first market outside Hong Kong was mainland China; by way of connecting its power stations in Hong Kong to the Chinese mainland [[electrical grid|grid]],<ref>{{Cite news|url=https://asia.nikkei.com/Business/Companies/CLP-Holdings-to-buy-17-stake-in-China-nuclear-plant|title=CLP Holdings to buy 17% stake in China nuclear plant- Nikkei Asian Review|work=Nikkei Asian Review|access-date=2017-09-25|language=en}}</ref> CLP began supplying power in 1979.<ref name=histcv>[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab3 Our history: 1970–1985; Chinese vision] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab3 |date=22 February 2014 }} CLP official website</ref>

The 1990s saw the start of expansionary [[mergers and acquisitions|M&A]] activity with CLP acquiring nearly a half-dozen companies between 1996 and 2005. In 1996 the company entered joint-ventures with [[Taiwan Cement Corporation]];<ref name=histearly90s/> in 1998, part ownership of Thai Electricity Generating Public Co Ltd;<ref name=histmod/> and in 2001, Australian Yallourn Energy.<ref name=histmod/> It expanded operations in Australia to include retailing when it bought [[TRUenergy|TXU Merchant Energy]] in 2005.<ref name=histrecent/> And in 2002 CLP acquired an Indian company, Gujarat Paguthan Energy Corporation Private Limited.<ref name=histmod/>


==Power stations==
CLP has a number of [[power stations]] in Asia. While most are either [[Coal-fired power station|coal-fired]] or [[fossil fuel power station]]s, {{citation needed|date=February 2011}} the company also generates electricity using [[nuclear power|nuclear]],<ref name=histearly90s/>{{primary source inline|date=January 2018}} [[solar energy]] and [[wind power]].<ref name=bs/>

===Hong Kong===
{{Pie chart
| thumb  = 
| radius = 80
| caption= Sources of electricity generated and provided by CLP in Hong Kong (2020)<ref>{{cite web|url=https://www.clp.com.hk/en/about-clp/power-generation|title=Power generation|publisher=CLP Power Hong Kong|access-date=2022-08-27}}</ref>
| footer = 
| label1 = [[Gas-fired power plant|Natural gas]]
| value1 = 48
| color1 = Gray
| label2 = [[Daya Bay Nuclear Power Plant|Nuclear (Imported)]]
| value2 = 36
| color2 = Red
| label3 = [[Coal-fired power station|Coal]]
| value3 = 15
| color3 = Black
| label4 = [[Renewable energy]]
| value4 = 1
| color4 = Green
| other  = 
| other-color = 
}}
Hong Kong sites include [[Black Point Power Station]],<ref name=histearly90s/>{{primary source inline|date=January 2018}} [[Castle Peak Power Station]],<ref name=histcv/> and [[Penny's Bay Power Station]].<ref name=histearly90s/>{{primary source inline|date=January 2018}}

===Mainland China===
CLP was the equity investors of two power stations in [[Guangdong|Guangdong province]], [[Daya Bay Nuclear Power Plant]] and [[Guangzhou Pumped Storage Power Station]] in [[Conghua]], [[Guangzhou]].<ref name=histearly90s>[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab4 Our history: 1986–1996; New frontiers] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab4 |date=22 February 2014 }} CLP Official Site</ref>{{primary source inline|date=January 2018}} It also operates a [[Guangxi|Guangxi province]] plant, Fangchenggang power station.<ref name=histrecent>[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab6 Our history: 2003-today; Climate action] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab6 |date=22 February 2014 }} CLP official website</ref>{{primary source inline|date=January 2018}}

===India===
CLP power stations in India include gas powered Gujarat Paguthan Energy Corporation's former station [[Paguthan Combined Cycle Power Plant]]<ref name=bs/> and a [[coal-fired power station]] [[Mahatma Gandhi Super Thermal Power Project]] at [[Jhajjar]], Haryana, that was commissioned in 2012.<ref name=bs/>

The company also has a number of [[wind power]] sites in the country.<ref name=bs>[http://www.business-standard.com/india/news/china-lightpower-plans-big-for-india/417264/ China Light and Power plans big for India] business-standard.com, 6 December 2010, 0:15 IST</ref> It has now signed up for its very first solar project - Veltoor at Telangana.<ref>{{Cite web|last=Group|first=C. L. P.|title=CLP's Veltoor Plant in India Gains World's First Solar Project Certification from DNV GL|url=https://www.3blmedia.com/news/clps-veltoor-plant-india-gains-worlds-first-solar-project-certification-dnv-gl|access-date=2021-10-02|website=www.3blmedia.com|date=12 July 2021 |language=en}}</ref>

===Australia===
[[EnergyAustralia]] is a wholly owned subsidiary of CLP and is one of Australia's largest integrated energy businesses. As of 2013, EnergyAustralia generates electricity from coal, gas and renewable energy sources, and retails electricity and gas, of 5,662MW to over 2.8 million residential and business users across [[Victoria, Australia|Victoria]], [[South Australia]], [[New South Wales]], the [[Australian Capital Territory]] and [[Queensland]].{{citation needed|date=April 2016}}

From 2005 until 2011, CLP Group held a 50% shareholding in [[Roaring 40s]] that operated [[wind farm]]s in Australia, China, Hong Kong and India.<ref>[https://www.abc.net.au/listen/programs/pm/australian-wind-power-company-looks-to-china/1770146 Australian wind power company looks to China] ''[[PM (radio program)|PM]]'' 2 June 2006</ref><ref>[https://web.archive.org/web/20090529145707/http://www.roaring40s.com/article.php?Doo=Redirect&id=287 Our Portfolio] [[Roaring 40s]]</ref><ref>[https://web.archive.org/web/20250421191205/https://www.accc.gov.au/public-registers/mergers-registers/public-informal-merger-reviews-register/hydro-tasmania-and-china-light-and-power-proposed-splitting-of-roaring-40s-wind-farm-assets Hydro Tasmania and China Light and Power - proposed splitting of Roaring 40s wind farm assets] [[Australian Competition & Consumer Commission]] 29 June 2011</ref>

===Southeast Asia and Taiwan===
CLP established its presence in Southeast Asia and Taiwan in the early 1990s.<ref name=histearly90s/>{{primary source inline|date=January 2018}} Since then, they have built a portfolio of quality assets in the region.

Following the divestment of interest in EGCO<ref name=histmod/> in Thailand in early 2011, their investments currently consist of the Ho-Ping coal-fired project in Taiwan and the Lopburi solar farm in Thailand.{{citation needed|date=April 2016}} They are also co-developing two coal-fired projects in Vietnam.{{citation needed|date=April 2016}}

==References==
{{Reflist|2}}

==External links==
* {{Finance links
| symbol = 2
| google = HKG:+0002
| yahoo = 0002.HK
| bloomberg = 2:HK
| reuters = 0002.HK
}}
{{Commons category|CLP Group}}
*[http://www.clpgroup.com CLP Group official website]
*[https://www.clpgroup.com/poweru/eng/index.aspx CLP Group's educational website – PowerU] {{Webarchive|url=https://web.archive.org/web/20150428045822/https://www.clpgroup.com/poweru/eng/index.aspx |date=28 April 2015 }}

{{Hang Seng}}
{{S&P Asia 50}}
{{Authority control}}

{{DEFAULTSORT:Clp Group}}
[[Category:Electric power companies of Hong Kong]]
[[Category:Multinational companies headquartered in Hong Kong]]
[[Category:Companies in the Hang Seng Index]]
[[Category:Companies in the S&P Asia 50]]
[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Energy companies established in 1901]]
[[Category:1901 establishments in Hong Kong]]
[[Category:Kadoorie family]]