CLP Group

CLP Group
CLP Group
CLPpower.JPG
A CLP Power Shop in Tsim Sha Tsui, Hong Kong
Traditional Chinese 中電集團
China Light and Power Co., Ltd.
Traditional Chinese 中華電力有限公司

The CLP Group (Chinese: 中電集團) and its holding company, CLP Holdings Ltd (SEHK0002) (Chinese: 中電控股有限公司), is a Hong Kong electric company that businesses in a number of Asian markets and Australia.

Incorporated in 1901 as China Light & Power Company Syndicate,[1] its core business remains the generation, transmission, and retailing of electricity.[2]

Contents

History

a CLP building, 2007

Founded in Hong Kong in 1901 as China Light & Power Company Syndicate[1] with capital provided by Shewan Tomes and Company and the Kadoorie family,[3] by 1919 it had established a power station and was supplying electricity for street lights in Kowloon.[1]

The Kadoorie family joined the CLP board of directors in 1930.[3]

In 1983 the company established a 25/75 joint venture with Guangdong Nuclear Power for the construction and operation of the Daya Bay NPP.[4]

On 6 January 1998, CLP Holdings Limited has replaced China Light & Power Company, Limited as the new holding company listed on the Stock Exchange of Hong Kong.[5]

As of 2009, CLP Group is a constituent of The Global Dow and the Dow Jones Sustainability Index.[6]

Overseas markets

In recent years CLP has sought to expand outside of its native Hong Kong accomplishing this through mergers and acquisitions. Overseas markets it has entered include Australia,[5] India,[5] Laos,[7] Mainland China,[8] Philippines,[7] Taiwan,[8] and Thailand.[5]

Its first overseas market was Mainland China. By connecting its power stations in Hong Kong to the Chinese grid,[citation needed] CLP began supplying power to that country in 1979.[9]

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 purchased Taiwan Cement Corporation;[8] in 1998, part ownership of Thai Electricity Generating Public Co Ltd;[5] and in 2001, Australian Yallourn Energy.[5] It expanded operations in Australia to include retailing when it brought TXU Merchant Energy in 2005.[6] And in 2002 CLP acquired an Indian company, Gujarat Paguthan Energy Corporation Private Limited.[5]

CSR

Since 2002 the company has published yearly reports on the environmental and social impact it has made.[10]

Power stations

CLP has a number of power stations in Asia. While most are either coal-fired or fossil fuel power stations,[citation needed] the company also generates electricity using nuclear[8] and wind power.[7]

Hong Kong

Hong Kong sites include Black Point Power Station,[8] Castle Peak Power Station,[9] and Penny's Bay Power Station.[8]

Mainland China

CLP has two power stations in Guangdong province, Daya Bay Nuclear Power Plant and Guangzhou Pumped Storage Power Station in Conghua, Guangzhou.[8] It also operates a Guangxi province plant, Fangchenggang power station.[6]

India

CLP power stations in India include Gujarat Paguthan Energy Corporation's former station,[7] and a planned coal-fired power station at Jhajjar, Haryana, that may become operational in 2012.[7]

The company also has a number of wind power sites in the country.[7]

References

  1. ^ a b c Our history: 1901-1939; The beginning CLP official website
  2. ^ Our operations: Assets and services CLP official website
  3. ^ a b 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) Kwok Siu-tong, History Department, The Chinese University of Hong Kong
  4. ^ Ashoka Mody Infrastructure strategies in East Asia: the untold story World Bank p64
  5. ^ a b c d e f g Our history: 1997-2000; Regional expansion CLP official website
  6. ^ a b c Our history: 2003-today; Climate action CLP official website
  7. ^ a b c d e f China Light and Power plans big for India business-standard.com, December 6, 2010, 0:15 IST
  8. ^ a b c d e f g Our history: 1986-1996; New frontiers CLP Official Site
  9. ^ a b Our history: 1970-1985; Chinese vision CLP official website
  10. ^ Publications CLP official website

External links


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