Template:Short description Template:EngvarB Template:Use dmy dates {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} Template:Chinese
CLP Group (Template:Zh) and its holding company, CLP Holdings Ltd (Template:Zh), also known as China Light and Power Company, Limited (now CLP Power Hong Kong Ltd., Template:Zh), 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>Our operations: Assets and services Template:Webarchive 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.
HistoryEdit
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>Template:Cite book</ref><ref>Template:Cite book</ref> In 1903, the company's first power station, with a generating capacity of 75 kW, was commissioned in Hung Hom at the junction of present-day Chatham Road and Princess Margaret Road.<ref>"China Light & Power Co., Ltd.: 1901-1918". "Sir Lawrence Kadoorie's Address to the Staff, on 8th March, 1977, at the Peninsula Hotel"</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> By 1919, the company was supplying electricity for street lights in Kowloon.<ref name=hist1>Our history: 1901–1939; The beginning Template:Webarchive CLP official website</ref>
The Kadoorie family joined the CLP board of directors in 1930<ref name=pg10>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) Template:Webarchive Kwok Siu-tong, History Department, The Chinese University of Hong Kong</ref> and retains control of the company as of 2013.<ref>Template:Cite news</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 Stock Exchange of Hong Kong.<ref name=histmod>Our history: 1997–2000; Regional expansion Template:Webarchive 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 constituentEdit
As of 2013, CLP Group is a component of The Global Dow—a 150-stock index of the world's leading blue-chips.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</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 {{#invoke:citation/CS1|citation |CitationClass=web }}
- For current status, see {{#invoke:citation/CS1|citation
|CitationClass=web }}</ref>
Electricity TariffEdit
Basic tariff (1 January 2024 - 31 December 2024)
Fuel cost adjustment
Markets outside Hong KongEdit
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 grid,<ref>Template:Cite news</ref> CLP began supplying power in 1979.<ref name=histcv>Our history: 1970–1985; Chinese vision Template:Webarchive CLP official website</ref>
The 1990s saw the start of expansionary 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 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 stationsEdit
CLP has a number of power stations in Asia. While most are either coal-fired or fossil fuel power stations, Template:Citation needed the company also generates electricity using nuclear,<ref name=histearly90s/>Template:Primary source inline solar energy and wind power.<ref name=bs/>
Hong KongEdit
Template:Pie chart Hong Kong sites include Black Point Power Station,<ref name=histearly90s/>Template:Primary source inline Castle Peak Power Station,<ref name=histcv/> and Penny's Bay Power Station.<ref name=histearly90s/>Template:Primary source inline
Mainland ChinaEdit
CLP was the equity investors of two power stations in Guangdong province, Daya Bay Nuclear Power Plant and Guangzhou Pumped Storage Power Station in Conghua, Guangzhou.<ref name=histearly90s>Our history: 1986–1996; New frontiers Template:Webarchive CLP Official Site</ref>Template:Primary source inline It also operates a Guangxi province plant, Fangchenggang power station.<ref name=histrecent>Our history: 2003-today; Climate action Template:Webarchive CLP official website</ref>Template:Primary source inline
IndiaEdit
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>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>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
AustraliaEdit
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, South Australia, New South Wales, the Australian Capital Territory and Queensland.Template:Citation needed
From 2005 until 2011, CLP Group held a 50% shareholding in Roaring 40s that operated wind farms in Australia, China, Hong Kong and India.<ref>Australian wind power company looks to China PM 2 June 2006</ref><ref>Our Portfolio Roaring 40s</ref><ref>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 TaiwanEdit
CLP established its presence in Southeast Asia and Taiwan in the early 1990s.<ref name=histearly90s/>Template:Primary source inline 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.Template:Citation needed They are also co-developing two coal-fired projects in Vietnam.Template:Citation needed
ReferencesEdit
External linksEdit
Template:Hang Seng Template:S&P Asia 50 Template:Authority control