A CLP Power Shop in Tsim Sha Tsui, Hong Kong
|Industry||Public utility - Energy|
|Subsidiaries||Hong Kong Nuclear Investment Company (100%)|
|Cantonese Yale||jung1 din6 jaap6 tyun4|
|China Light and Power Co., Ltd.|
|Cantonese Yale||jung1 wa4 din6 lik6 yau5 haan6 gong1 si1|
CLP Group (Chinese: 中電集團) and its holding company, CLP Holdings Ltd (Chinese: 中電控股有限公司), also known as China Light and Power Co Ltd. (now CLP Power Hong Kong Ltd., Chinese: 中華電力有限公司), is an electric company in Hong Kong. Incorporated in 1901 as China Light & Power Company Syndicate, its core business remains the generation, transmission, and retailing of electricity. It also has businesses in a number of Asian markets. It is one of the two main electric power generation companies in Hong Kong, the other being Hongkong Electric Company.
The company was founded in Hong Kong in 1901 as China Light & Power Company Syndicate by Shewan Tomes and Company and others. 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. By 1919, the company was supplying electricity for street lights in Kowloon.
As of 2013, CLP Group is a component of The Global Dow—a 150-stock index of the world's leading blue-chips. 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). Since 2010, CLP has also been listed on the Hang Seng Corporate Sustainability Index and Hang Seng (Mainland and HK) Corporate Sustainability Index.
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, India, Mainland China, Southeast Asia and Taiwan.
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; in 1998, part ownership of Thai Electricity Generating Public Co Ltd; and in 2001, Australian Yallourn Energy. It expanded operations in Australia to include retailing when it brought TXU Merchant Energy in 2005. And in 2002 CLP acquired an Indian company, Gujarat Paguthan Energy Corporation Private Limited.
CLP has a number of power stations in Asia. While most are either coal-fired or fossil fuel power stations, the company also generates electricity using nuclear,[non-primary source needed] solar energy and wind power.
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.[non-primary source needed] It also operates a Guangxi province plant, Fangchenggang power station.[non-primary source needed]
CLP power stations in India include gas powered Gujarat Paguthan Energy Corporation's former station Paguthan Combined Cycle Power Plant and a coal-fired power station Mahatma Gandhi Super Thermal Power Project at Jhajjar, Haryana, that was commissioned in 2012.
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 ACT and Queensland.
Southeast Asia and Taiwan
Following the divestment of interest in EGCO 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. They are also co-developing two coal-fired projects in Vietnam.
- Our history: 1901–1939; The beginning CLP official website
- Our operations: Assets and services CLP official website
- Jones, Charles A. (1987). International Business in the Nineteenth Century: The Rise and Fall of a Cosmopolitan Bourgeoisie. Wheatsheaf.
- Cameron, Nigel (1982). Power: The Story of China Light. Oxford University Press.
- "China Light & Power Co., Ltd.: 1901-1918". "Sir Lawrence Kadoorie's Address to the Staff, on 8th March, 1977, at the Peninsula Hotel"
- Rise of Electricity and the Community 1901-1945. CLP.
- 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) Archived 17 July 2011 at the Wayback Machine Kwok Siu-tong, History Department, The Chinese University of Hong Kong
- Goug, Neil (16 December 2010). "Moody's reviews CLP rating over new debt to fund big NSW deal". South China Morning Post. Hong Kong. pp. Business, pg. 2.
- Ashoka Mody Infrastructure strategies in East Asia: the untold story World Bank p64
- Our history: 1997–2000; Regional expansion CLP official website
- "The Global Dow". Components. McGraw-Hill. Retrieved 11 January 2013.
- Our history: 2003-today; Climate action CLP official website
- For 2010 as first year so recognized, see "2010-Today: Powering Asia Responsibly". Our History. CLP official website. Retrieved 11 January 2013.
- Our history: 1986–1996; New frontiers CLP Official Site
- "CLP Holdings to buy 17% stake in China nuclear plant- Nikkei Asian Review". Nikkei Asian Review. Retrieved 25 September 2017.
- Our history: 1970–1985; Chinese vision CLP official website
- China Light and Power plans big for India business-standard.com, 6 December 2010, 0:15 IST
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