China Light and Power
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The CLP Group (CLP stands for its previous name "China Light and Power") (Traditional Chinese: }) is the only company providing electricity to Kowloon and the New Territories (except Lamma) in Hong Kong.
The CLP Group is also one of the leading investor-operator in the Asia-Pacific electric power industry.
CLP's businesses fall into two main areas:
- The electric utility business operated under CLP Power Hong Kong, regulated by the Scheme of Control (SoC) Agreement with the Hong Kong Government.
- The group's power-related and other investments and services, both in Hong Kong and elsewhere, which are outside of the SoC Agreement, or, Non-Scheme of Control (non-SoC) businesses.
Scheme of Control Business
CLP's power generation facilities in Hong Kong are owned by Castle Peak Power Company (CAPCO), a 40/60 partnership between CLP Power Hong Kong and ExxonMobil Energy. CLP Power Hong Kong operates the power stations and transmits electricity to its 2.1 million customers via its solely owned 11,645 km transmission/distribution network that includes 11,861 substations.
CLP Power Hong Kong and CAPCO are governed by an SoC Agreement with the HKSAR Government. The current Agreement was signed in 1993 and runs through to 2008. It states that they must provide an adequate, reliable electricity supply and allow the HKSAR Government to monitor their local activities as a power company. In return, CLP Power Hong Kong can charge tariffs designed to recover its costs including taxation and a net return on investment.
Non-Scheme of Control Business
CLP's Non-SoC businesses include investments in the electricity sector in the Chinese mainland and the Asia-Paciic region, as well as activities beyond the electricity business. These activities include: the redevelopment of CLP's properties in Hong Kong that are no longer in use for electricity purposes; the provision of engineering services and consultancy; telecommunication services as well as the research on sustainable development and emerging energy technologies.Subsidiaries
CLP Power Hong Kong Limited (CLP Power Hong Kong, 中華電力):- The largest electric utility business in Hong Kong
- 2.1 million customers in Kowloon, the New Territories, and most of the outlying islands - accounting for about 80% of the total population of Hong Kong
- 8,263 megawatts (MW) of installed generating capacity including the right to use capacity at the Guangzhou Pumped Storage Power Station
- Over 11,645 kilometres of transmission and distribution lines
- Invests in and manages power generation projects in the Chinese mainland and the Asia Pacific
- Holds interests in generating assets in various parts of the Chinese mainland, including Guangdong, Shandong, Beijing, Tianjin, Hebei, Guizhou, and Shaanxi, and in Taiwan, Australia, India and Thailand
- Pursues the carrier telecommunications businesses between Hong Kong and the Chinese mainland
- Develops CLP's existing properties in Hong Kong no longer in use for electricity purposes
- 2.1 million square feet (195,000 m²) of land developed in Hong Kong, principally at Laguna Verde, the site of the former Hok Un Power Station
- Undertakes engineering projects in lighting services, customer installation, design, planning, construction, operation and maintenance of power plants, transmission and distribution systems in Hong Kong
- Provides consultancy and technical training services
- Supports operating subsidiaries of CLP with research on emerging technologies, environmental stewardship and sustainable development to improve the economic, environmental and social value of CLP's products and services
- Collaborates with leading research institutions inside and outside of Hong Kong on issues of importance to local, regional and global communities
- Owns 25% of Guangdong Nuclear Power Joint Venture Company, Limited (GNPJVC) which in turns owns the Guangdong Nuclear Power Station at Daya Bay.
See also
- Michael Kadoorie
- Hongkong Electric
- List of Hong Kong companies
- Companies listed on the Hong Kong Stock Exchange
- List of Hong Kong-related topics
External link
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