Hubbry Logo
CLP GroupCLP GroupMain
Open search
CLP Group
Community hub
CLP Group
logo
8 pages, 0 posts
0 subscribers
Be the first to start a discussion here.
Be the first to start a discussion here.
CLP Group
CLP Group
CLP Group
View on Wikipedia
from Wikipedia

Key Information

CLP Group
Traditional Chinese中電集團
Simplified Chinese中电集团
Cantonese Yalejung1 din6 jaap6 tyun4
Transcriptions
Yue: Cantonese
Yale Romanizationjung1 din6 jaap6 tyun4
Jyutpingzung1 din6 zaap6 tyun4
IPA[tsɔ́ːŋ tìːn tsàːp̚ tʰy̏ːn]
CLP Power Hong Kong Ltd.
(formerly China Light and Power Co., Ltd.)
Traditional Chinese中華電力有限公司
Simplified Chinese中华电力有限公司
Cantonese Yalejung1 wa4 din6 lik6 yau5 haan6 gong1 si1
Transcriptions
Yue: Cantonese
Yale Romanizationjung1 wa4 din6 lik6 yau5 haan6 gong1 si1
Jyutpingzung1 waa4 din6 lik6 jau5 haan6 gong1 si1
IPA[tsɔ́ːŋ wȁː tìːn lèk̚ jɐ̬u hàːn kɔ́ːŋ síː]

CLP Group (Chinese: 中電集團) and its holding company, CLP Holdings Ltd (中電控股有限公司), also known as China Light and Power Company, Limited (now CLP Power Hong Kong Ltd., 中華電力有限公司), is an electricity company in Hong Kong. Incorporated in 1901 as China Light & Power Company Syndicate,[3] its core business remains the generation, transmission, and retailing of electricity.[4] 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

[edit]
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[3] by Shewan, Tomes & Co. and others.[5][6] 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.[7][8] By 1919, the company was supplying electricity for street lights in Kowloon.[3]

The Kadoorie family joined the CLP board of directors in 1930[9] and retains control of the company as of 2013.[10]

In 1983, the company established a joint venture with Guangdong Nuclear Power for the construction and operation of the Daya Bay Nuclear Power Plant.[11]

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.[12]

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

[edit]

As of 2013, CLP Group is a component of The Global Dow—a 150-stock index of the world's leading blue-chips.[13] 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).[14] Since 2010, CLP has also been listed on the Hang Seng Corporate Sustainability Index and Hang Seng (Mainland and HK) Corporate Sustainability Index.[15]

Electricity tariff

[edit]

Basic tariff (1 January 2024 - 31 December 2024)

Fuel cost adjustment

Markets outside Hong Kong

[edit]

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),[12] India,[12] Mainland China,[16] Southeast Asia mainly (Thailand and Indonesia) and Taiwan.[16]

Its first market outside Hong Kong was mainland China; by way of connecting its power stations in Hong Kong to the Chinese mainland grid,[17] CLP began supplying power in 1979.[18]

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;[16] in 1998, part ownership of Thai Electricity Generating Public Co Ltd;[12] and in 2001, Australian Yallourn Energy.[12] It expanded operations in Australia to include retailing when it bought TXU Merchant Energy in 2005.[14] And in 2002 CLP acquired an Indian company, Gujarat Paguthan Energy Corporation Private Limited.[12]

Power stations

[edit]

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,[16][non-primary source needed] solar energy and wind power.[19]

Hong Kong

[edit]
Sources of electricity generated and provided by CLP in Hong Kong (2020)[20]
  1. Natural gas (48.0%)
  2. Nuclear (Imported) (36.0%)
  3. Coal (15.0%)
  4. Renewable energy (1.00%)

Hong Kong sites include Black Point Power Station,[16][non-primary source needed] Castle Peak Power Station,[18] and Penny's Bay Power Station.[16][non-primary source needed]

Mainland China

[edit]

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.[16][non-primary source needed] It also operates a Guangxi province plant, Fangchenggang power station.[14][non-primary source needed]

India

[edit]

CLP power stations in India include gas powered Gujarat Paguthan Energy Corporation's former station Paguthan Combined Cycle Power Plant[19] and a coal-fired power station Mahatma Gandhi Super Thermal Power Project at Jhajjar, Haryana, that was commissioned in 2012.[19]

The company also has a number of wind power sites in the country.[19] It has now signed up for its very first solar project - Veltoor at Telangana.[21]

Australia

[edit]

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.[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.[22][23][24]

Southeast Asia and Taiwan

[edit]

CLP established its presence in Southeast Asia and Taiwan in the early 1990s.[16][non-primary source needed] Since then, they have built a portfolio of quality assets in the region.

Following the divestment of interest in EGCO[12] 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] They are also co-developing two coal-fired projects in Vietnam.[citation needed]

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

CLP Group

View on Grokipedia
from Grokipedia
The CLP Group is a major investor-owned power business in the Asia-Pacific region, founded in Hong Kong in 1901 as the China Light & Power Company Syndicate and headquartered there as a subsidiary of the publicly listed CLP Holdings Limited. It operates across the full electricity value chain, including generation, transmission, distribution, and retail supply, serving approximately 5.2 million customer accounts with a total generation capacity of 23.2 gigawatts as of June 2025. The company has a diversified portfolio emphasizing clean and low-carbon energy, with investments spanning Hong Kong, the Chinese Mainland, Australia, India, Taiwan, and Thailand. In , CLP Power serves over 80% of the population, or about 6 million people, through 2.86 million customer accounts in , the , and outlying islands, maintaining a world-class supply reliability of 99.999%. Its operations include major power stations such as Castle Peak (coal and gas), Black Point (gas), and Penny's Bay (clean energy), supported by 17,300 kilometers of transmission lines and 16,000 substations. On the Chinese Mainland, where CLP entered the market in , it is one of the largest external investors in the energy sector, managing over 50 projects across 14 provinces with 7,978 megawatts of capacity, 70% of which is non-carbon based, including nuclear, , solar, and hydro facilities. Beyond these core markets, CLP has expanded internationally since the late 1990s. In Australia, its subsidiary EnergyAustralia supplies 2.33 million customers with 5,787 megawatts of capacity from a mix of coal, gas, wind, solar, and battery storage assets. In India, through Apraava Energy, it operates 1,974 megawatts of wind, solar, and coal generation, alongside recent ventures into power transmission. Smaller stakes in Taiwan and Thailand contribute an additional 285 megawatts, focusing on gas and solar projects. Financially, the group reported revenue of HK$90.964 billion and operating earnings of HK$11.648 billion in 2024, with H1 2025 revenue of HK$42.9 billion and operating earnings of HK$5.2 billion; market capitalization stood at approximately HK$174 billion as of November 2025. CLP Group has prioritized throughout its history, achieving a target of 5% by 2010 ahead of schedule in 2007 and pledging in 2019 to make no new investments while phasing out entirely by 2050. It aims for carbon neutrality by 2050, diversifying into zero-carbon technologies and promoting energy efficiency across its operations. This commitment aligns with its role in supporting regional economic growth, from powering Hong Kong's early 20th-century development to fueling modern infrastructure in .

Company Overview

Corporate Profile

CLP Group, originally incorporated on 25 January 1901 as the China Light & Power Company Syndicate in , has evolved into CLP Holdings Limited, a major investor-owned power business in the region. The company reorganized into its current structure in 1998, focusing on solutions while maintaining its foundational role in electricity supply. The core activities of CLP Group encompass the generation, transmission, distribution, and retailing of electricity across its operational regions, supplemented by investments in energy storage and renewable energy technologies. Headquartered at 43 Shing Kai Road, Kai Tak, Kowloon, Hong Kong, the company employs approximately 8,442 full-time and part-time staff as of 30 June 2025. Globally, CLP Group's total generation capacity stands at 21.3 gigawatts as of 2024, reflecting its diversified portfolio in thermal, nuclear, and renewable sources. As of November 2025, CLP Holdings Limited has a of approximately HKD 173.82 billion (USD 22.3 billion). The company is actively transitioning its energy mix, with non-carbon assets accounting for over 70% of its 7,978 MW equity capacity in as of 30 June 2025, emphasizing , nuclear, , and solar to support decarbonization goals.

Leadership and Ownership

The Honourable Sir serves as the non-executive Chairman of CLP Holdings Limited, the parent company of the CLP Group, providing strategic oversight influenced by the Kadoorie family's longstanding involvement since taking control of the company in . The family has maintained significant influence over the group's direction through board representation and ownership interests dating back to that era. Chiang Tung Keung acts as the and , leading the group's operations and strategy since October 2023; his total compensation for 2024 was HK$25.6 million, comprising base pay, incentives, and benefits. Key supporting executives include Vice Chairman Andrew Clifford Winawer Brandler, a ; Alexandre Jean Keisser (HK$16.3 million in 2024 compensation); and Derek Parkin (HK$16.8 million in 2024 compensation). The board comprises one , four non-executive directors (including members), and seven independent non-executive directors, ensuring a balanced structure focused on and strategic guidance. Ownership is dominated by the , which holds an 18% stake as the largest shareholder, alongside public investors since the company's listing on the (SEHK: 0002) in 1998. Recent board developments include the appointment of Bob Grant as Chair of , a key CLP , effective 31 December 2025. The group upholds strong practices, reflected in its inclusion in major indices such as the Asia Pacific Index as of 2025, supporting ethical and transparent operations.

History

Founding and Early Expansion

The China Light & Power Company Syndicate was incorporated in on 25 January 1901, with the aim of providing electricity to the growing urban areas of and beyond. Initially backed by British trading firms such as Shewan, Tomes & Co., the company marked a pivotal step in modernizing 's infrastructure at a time when electricity was still emerging as a key utility. In 1903, it commissioned its first power station—a modest 75 kW facility located on Chatham Road in , —which began supplying power primarily to industrial users and a limited number of residential customers in the vicinity. This early operation laid the foundation for the company's role in supporting 's initial industrialization and urban development. By the 1910s and 1920s, CLP expanded its reach amid rising demand from population growth and economic activity. A significant milestone came in , when the company started supplying for street lighting in , enhancing public safety and facilitating nighttime commerce in the densely populated district. Further growth occurred with the construction of larger facilities; in 1940, the Hok Un “A” was opened in , significantly boosting generation capacity to meet escalating needs, while the inauguration of the Argyle Street Head Office in symbolized the company's maturing administrative presence. These developments positioned CLP as a central provider for 's industrial and residential sectors during the pre-war era of rapid urbanization. The , prominent Jewish entrepreneurs in , deepened their involvement with CLP starting in the late 1920s, when Sir Elly Kadoorie acquired shares, followed by his son Lawrence Kadoorie joining the board in 1930. This investment provided crucial financial stability, particularly during the challenges of , when Japanese occupation disrupted operations and damaged infrastructure from 1941 to 1945. Post-war, under Kadoorie leadership, CLP swiftly repaired its facilities and resumed supply; by 1959, the commissioning of the Hok Un “B” further expanded capacity to address surging demand from 's economic boom. In 1964, the company formed Castle Peak Power Company (CAPCO) as a with (now ), which undertook expansions to the Hok Un oil-fired station, solidifying CLP's foundational infrastructure for serving the territory's evolving energy needs.

Key Milestones and Modern Developments

In 1969, CLP Group commissioned the , a 1,520 MW facility that significantly boosted capacity in to meet growing urban demand. This was followed by the 1982 commissioning of Castle Peak Power Station “A”, further expanding coal-fired generation infrastructure in the region. By 1996, the company had introduced the Black Point Power Station, marking a shift toward as a cleaner fuel source for power production in . CLP's expansion into began in 1979 with the initiation of electricity supply to Province, supporting the area's rapid industrialization. This foothold deepened in 1994 through the joint venture for the Daya Bay Nuclear Power Station, CLP's first major involvement in nuclear energy and a key step in diversifying energy sources across the border. In 1998, the company restructured as CLP Holdings and listed on the , while acquiring a significant stake in Thailand’s Electricity Generating Limited to broaden its Southeast Asian presence. International growth accelerated in 2001 with the acquisition of a majority stake in Yallourn Energy in Australia, establishing CLP's entry into the Australian . Subsequent investments included the 2002 acquisition of the Paguthan Combined Cycle Power Plant in , followed by the 2021 rebranding of its Indian operations as Apraava Energy, extending the company's footprint in . In 2014, CLP collaborated with to acquire ExxonMobil's stake in , consolidating ownership of key generation assets. On the sustainability front, CLP issued its Manifesto on Air Quality and in 2004, committing to improved environmental performance and integration. This evolved into the 2007 launch of Climate Vision 2050, outlining long-term carbon reduction goals, which was updated in 2024 to include more ambitious targets such as net-zero emissions by 2050 and phasing out coal before 2040. In 2019, CLP pledged no investments in new coal-fired capacity, aligning with global trends. The 2024 update further strengthened 2030 decarbonization objectives, targeting a reduction in emissions intensity to 0.26 kg CO₂e/kWh. Complementing these efforts, the Offshore LNG Terminal began operations in 2023, enhancing supply security and supporting lower-carbon power generation in the territory. In 2025, CLP opened its new headquarters in Kai Tak in April, symbolizing its ongoing commitment to , and achieved major milestones in development in in February, including the successful grid connection of new and solar projects.

Corporate Structure and Performance

Subsidiaries and Investments

CLP Group's primary subsidiaries include CLP Power Hong Kong , which is 100% owned and responsible for electricity supply in . EnergyAustralia Holdings , another wholly owned , operates in the Australian market, encompassing retail and activities. In , Apraava Energy serves as a key with 50% ownership held by CLP in partnership with CDPQ, focusing on and transmission assets. In , CLP China, a 100% owned entity, manages investments in over 50 projects spanning 14 provinces, municipalities, and autonomous regions, with a portfolio that includes significant non-carbon assets such as nuclear and renewables. Notable joint ventures include the Company, Limited (GNPJVC), where CLP holds a 25% stake in the Daya Bay Nuclear Power Station, from which CLP Power purchases 80% of the output. Additional holdings encompass projects like the Bobai (100% owned, 150 MW) and the Jiangbian Station (100% owned, 330 MW). Other significant holdings include Castle Peak Power Company Limited (), in which CLP maintains a 70% ownership stake in partnership with , operating gas and coal-fired power stations in . Beyond core regions, CLP holds a 20% stake in Taiwan's Ho-Ping and a 33.3% interest in Thailand's Lopburi Solar Farm, contributing to a combined equity capacity of 285 MW in Southeast Asia and . CLP's investment strategy centers on the Asia-Pacific region, prioritizing low-carbon and renewable energy assets to support its net-zero emissions goal by 2050, with over 70% of its Mainland China capacity classified as non-carbon. In 2024, 55% of capital expenditures were directed toward non-carbon investments, reflecting a disciplined approach to portfolio growth in renewables, nuclear, and gas infrastructure. A key recent development was the 2014 acquisition, in collaboration with , of ExxonMobil's 60% interest in , elevating CLP's stake to 70% and consolidating control over generation assets; concurrently, CLP acquired full ownership of the Hong Kong Pumped Storage Development Company. Expansion into transmission in has been advanced through Apraava Energy, incorporating projects like the Kohima-Mariani with a 37% stake. In Q3 2025, construction commenced on the 50 MW Xundian III wind farm in province and the 106 MW Juancheng II wind project in .

Financial Performance

In the first half of 2025, CLP Group reported operating earnings before movements of HK$5,227 million, representing an 8.0% decrease year-over-year, primarily due to lower contributions from international operations. Total earnings for the period stood at HK$5,624 million, a 5.5% decline from HK$5,951 million in the prior year, reflecting pressures from regional market dynamics. Overall revenue decreased 2.8% to HK$42,854 million, driven by reduced sales volumes and pricing adjustments across key markets. The company's revenue is predominantly derived from its regulated electricity tariffs in Hong Kong, which accounted for the largest share of operating earnings at HK$4,568 million, up 6.5% year-over-year due to stable demand and approved tariff structures. In Australia, earnings from retail margins fell sharply to HK$167 million, a 72.7% drop, amid intense competition and margin compression in the energy retail sector. Mainland China's operations contributed HK$870 million in earnings, down 11.9%, impacted by lower tariffs on renewable energy projects under a revised regulatory framework. The following table summarizes operating earnings by major region for the 2025 interim period:
RegionOperating Earnings (HK$ million)Year-over-Year Change
4,568+6.5%
870-11.9%
167-72.7%
79-61.1%
& 19-75.9%
Total5,227-8.0%
Source: CLP Group 2025 Interim Results Announcement. CLP Group's board declared a second interim of HK$0.63 per share, maintaining the payout level from the previous year to support returns amid moderated growth. As of November 2025, the company's stood at approximately USD 22.35 billion, underscoring its position as a major utility player despite external challenges such as tariff reductions in and competitive pressures in . Looking ahead, CLP demonstrated resilient performance through strategic investments in decarbonization, including and initiatives aligned with its Climate Vision 2050, positioning the group for sustainable long-term growth.

Sustainability and Innovation

Environmental Initiatives

CLP Group's Climate Vision 2050 serves as the strategic blueprint for transitioning to a net-zero (GHG) emissions business across its by mid-century, encompassing phased reductions in emissions intensity and the integration of low-carbon technologies. Updated in March 2024 following an extensive review, this vision includes strengthened 2030 decarbonization targets, such as reducing the GHG emissions intensity of sold to 0.26 kg CO₂e/kWh from the previous benchmark of 0.3 kg CO₂e/kWh, alongside commitments to cut scope 1, 2, and 3 emissions intensity by 52% compared to 2019 levels. These targets align with broader efforts to support regional carbon neutrality goals while maintaining energy reliability. Key pledges under this framework include ceasing investments in new -fired generation capacity since December 2019 and accelerating the phase-out of existing assets before 2040, originally targeted for 2050 but advanced to align with accelerated decarbonization needs. Additionally, CLP issued its on Air Quality and in 2004, committing to improved air emissions management and early targets, which laid foundational principles for ongoing . These commitments reflect a proactive stance on reduction, emphasizing as a transitional and nuclear energy imports for stable low-carbon supply. The company publishes an annual Report to transparently detail its impacts on people, the environment, and the , with the 2024 edition, published in 2025, highlighting progress in decarbonization, waste reduction, and stakeholder collaboration. Through engagement, CLP operates programs like the Community Energy Saving Fund, which allocated over HK$200 million in 2024 to support underprivileged households with energy-efficient upgrades and emission-reduction initiatives, fostering broader societal adoption of sustainable practices. CLP's environmental leadership is recognized through sustained inclusion in prominent indices, such as the Sustainability Asia Index since its launch in and the Hang Seng Corporate Sustainability Index series since their inception in , underscoring consistent high performance in sustainability and environmental .

Renewable Energy Portfolio

CLP Group's renewable energy portfolio emphasizes investments in , hydro, and storage technologies to support its broader decarbonization efforts. In , non-carbon energy sources, encompassing renewables and nuclear, account for over 70% of the company's total installed capacity as of the end of 2024. Globally, the group targets 100% low-carbon energy by 2050, equivalent to achieving net-zero across its , through progressive expansion of these assets. Key initiatives trace back to 2004, when CLP set an early target to raise to 5% of its generation portfolio by 2010, a goal met ahead of schedule in December 2007. This milestone spurred further growth, with renewables comprising 16.8% of the portfolio by the end of 2010. Subsequent expansions have focused on diversifying into solar and projects, alongside solutions, to enhance grid reliability and renewable integration across Asia-Pacific operations. Notable innovations include advancements, such as the Pumped Storage Power Station in , a 2,400 MW facility (of which CLP has rights to 600 MW) developed in stages from 1993 to 2000 that stores surplus energy for release during . CLP also marked a pioneering step with the Lopburi Solar Farm in , its first utility-scale solar project, which reached full 55 MW operation in 2012. Progress in the portfolio is exemplified by the Veltoor Solar Farm in , CLP's inaugural solar investment there, which earned the world's photovoltaic project quality certification from GL in 2018 for its engineering and performance standards. To bolster renewable shares, CLP pursues goals of scaling non-carbon capacity while integrating nuclear imports, notably increasing electricity supply from the Daya Bay Nuclear Power Station to from 70% to 80% of the plant's output.

Operations

Hong Kong

CLP Power Hong Kong Limited, the primary operating subsidiary of CLP Group in the region, supplies electricity to over 80% of 's population, serving more than 6.3 million people across , the , and outlying islands through 2.86 million customer accounts as of June 2025. The company's extensive includes over 17,300 kilometers of transmission and high-voltage distribution lines, 257 primary substations, and more than 15,800 secondary substations, ensuring reliable delivery to urban and rural areas alike. This network supports Hong Kong's economic activities while maintaining one of the world's highest supply reliability standards, with average outage times below one minute per customer annually. As of June 2025, CLP Power's gross local generation capacity stands at 7,222 MW, supplemented by imports from the in , where CLP holds a 25% equity stake and purchases approximately 70% of the output (attributable capacity of 1,577 MW). Key generation assets include the (3,058 MW -fired), (3,850 MW gas-fired), (300 MW gas-fired), and the WE Station (14 MW ). The energy mix in 2024 comprised 52% , 31% nuclear imports, 16% , and 1% renewables, reflecting a strategic shift toward lower-carbon sources to align with Hong Kong's decarbonization goals. Electricity tariffs in Hong Kong are regulated under the Scheme of Control Agreement (SCA) between CLP Power and the SAR Government, effective from 2018 to 2033, which permits an 8% return on net fixed assets while mandating reliable supply and environmental improvements. The structure includes residential inclining block s, non-residential fixed s, and specialized rates for bulk and large power users, with a 2025 average residential of HK$1.41 per kWh incorporating a monthly fuel cost adjustment mechanism. A recent enhancement to supply security is the Hong Kong Offshore LNG Terminal, operational since July 2023, which diversifies imports and supports the increased reliance on gas in the fuel mix.

Mainland China

CLP Group's entry into Mainland China began in 1979 with the supply of to Province, marking its initial foray into the region's . Over the subsequent decades, the company has expanded significantly, becoming one of the largest external investors in the sector, with investments in more than 50 projects spanning 14 provinces, municipalities, and autonomous regions. As of June 30, 2025, CLP's equity generation and energy storage capacity in stands at 7,978 MW, with non-carbon assets comprising over 70% of this total, reflecting a strategic shift toward solutions aligned with China's dual carbon goals of peaking emissions by 2030 and achieving neutrality by 2060. The portfolio emphasizes renewables such as , and hydro, alongside nuclear and pumped storage facilities, often developed through joint ventures with prominent local entities to leverage regional expertise and infrastructure. Among its prominent assets, CLP holds a 25% equity stake in the Daya Bay Station in Province, commissioned in 1994 as the Mainland's first commercial nuclear facility and jointly operated with China General Corporation; the plant generates approximately 15 billion kWh annually, with a significant portion exported to . The Guangzhou Pumped Storage , also in , has a total capacity of 2,400 MW developed in two phases completed between 1993 and 2000, with CLP holding contractual rights to 600 MW, enhancing grid stability by storing excess energy and releasing it during peak demand. In solar, the Meizhou Pingyuan Solar in Province, operational since June 2017, provides 36.1 MW of photovoltaic capacity, supporting local renewable integration. Although CLP previously held a 70% stake in the coal-fired Fangchenggang in Guangxi Zhuang Autonomous Region until its divestment in 2022 to accelerate the phase-out of assets, the company continues to prioritize clean energy through similar hydro and initiatives, such as the wholly owned Huaiji Hydro Power Project in . CLP's activities in Mainland China center on advancing low-carbon technologies, including extensive wind farms in provinces like and , where it operates its largest such project, and hydro developments in and , often in partnership with state grids to ensure efficient transmission and distribution. Collaborations with entities like involve power purchase agreements for renewable output from projects such as the Huaiji hydro, Sandu wind, and Bobai wind farms, facilitating market access and supporting grid modernization. In recent years, CLP has intensified its clean energy expansion, breaking ground on initiatives like the 300 MW Hepu solar project in and the 231 MW Guanxian wind project in in 2025, while adopting a selective approach to new developments in high-demand regions to optimize returns. However, this growth occurs amid challenges, including lower feed-in tariffs and heightened market competition, which contributed to reduced earnings from renewable sales in the first half of 2025 as more output was directed to competitive markets at discounted rates. Despite these pressures, CLP remains committed to grid-parity renewables without subsidies, bolstering its non-carbon portfolio.

India

CLP Group's operations in are primarily conducted through its subsidiary Apraava Energy, a with Caisse de dépôt et placement du Québec (CDPQ), where CLP holds a 49% stake. Apraava Energy focuses on power generation and transmission infrastructure, managing a diverse portfolio that includes thermal, wind, and solar assets across multiple states. As of June 30, 2025, CLP's equity generation capacity in totals 1,974 MW, reflecting a balanced mix of conventional and renewable sources. Key generation assets include the 655 MW Paguthan Combined Cycle Power Plant in , which uses and commenced operations in 1998 as one of CLP's earliest investments in the country. The 1,320 MW Super Thermal Power Project in , —a supercritical coal-fired facility—became operational in 2012 and supplies power primarily to state utilities. On the renewable side, the 106.4 MW Andhra Lake in , commissioned in 2012, represents CLP's largest wind project in at the time and operates across elevated terrain near . Additionally, the 100 MW Veltoor Project in , CLP's first solar initiative and commissioned in phases starting in 2017, features tracking systems to optimize output and earned the world's first project certification for plants from DNV GL. Apraava Energy has expanded beyond generation into , developing interstate lines to support grid reliability and renewable integration. The company emphasizes diversification through and solar projects, aligning with broader goals by reducing reliance on . Recent developments include securing a transmission in September 2024 to evacuate 5.5 GW of from zones in , along with a 300 MW purchase agreement with and commissioning of a 250.7 MW in . These investments underscore increased focus on renewables and grid to meet India's growing demands.

Australia

EnergyAustralia, a wholly owned of CLP Group, operates as one of 's largest integrated energy companies, managing a diverse generation and storage portfolio in the (NEM). As of 30 June 2025, its generation and energy storage capacity, including long-term offtake agreements, totals 5,787 MW, encompassing a mix of traditional and renewable sources. Key assets include the coal-fired in Victoria (1,450 MW) and Mt Piper Power Station in (1,320 MW), which provide baseload power; gas-fired facilities such as Newport Power Station in Victoria (500 MW peaking capacity) and Hallett Power Station in (235 MW); and renewable developments like wind and solar farms supplemented by power purchase agreements, alongside battery storage projects. In retail operations, serves approximately 2.33 million customer accounts for electricity and gas across , Victoria, , , and the Australian Capital Territory, delivering a balanced that supports reliability amid the NEM's transition to renewables. The company faces challenges from retail margin compression due to heightened market competition, regulatory pressures, and volatile wholesale prices, which contributed to a drop in net profit before fair value movements to $61 million in the first half of 2025. To address these, is advancing its coal exit strategy, including the planned retirement of by mid-2028—four years ahead of the original schedule—to align with Australian federal and state policies promoting net-zero emissions by 2050, while replacing it with a 350 MW/1,400 MWh battery energy storage system at the site. Recent developments underscore EnergyAustralia's focus on sustainability, with expansions in renewables and battery storage, such as the operational Hallett Battery Energy Storage System (50 MW/200 MWh) in and the under-construction Mt Piper Battery (100 MW/200 MWh) in , enhancing grid stability and renewable integration. In December 2025, Bob Grant was appointed as Chair of the EnergyAustralia board, effective 31 December, succeeding Jane McAloon to guide the company's strategic shift toward low-carbon operations.

Southeast Asia and Taiwan

CLP Group's presence in and centers on targeted investments in power generation, with a combined equity capacity of 285 MW as of June 2025, comprising 21 MW in and 264 MW in Taiwan. These operations reflect the company's early international expansion beyond its core markets, beginning with investments in the region since 1998. While historical involvement included coal-fired projects, recent efforts emphasize renewables and clean energy growth to align with global decarbonization trends. In , CLP's primary asset is the Lopburi Solar Farm, a pioneering utility-scale solar project in which the company holds a 33.3% stake. With a gross capacity of 63 MW, CLP's equity share is 21 MW, and the plant achieved full commercial operation in 2012, marking the group's first major foray into in . The project utilizes over 200,000 photovoltaic panels across 320 hectares in , contributing to Thailand's diversification. Historically, CLP held a significant stake in Electricity Generating Public Company Limited (EGCO), a leading Thai , but divested its 13.36% interest in 2011 to focus on selective opportunities. CLP's operations in are anchored by a 20% equity interest in the Ho-Ping , a -fired facility on the northeast coast with a gross capacity of 1,320 MW, yielding 264 MW of attributable capacity to the group. Commissioned in through a with Taiwan Cement Corporation and , the station has provided stable baseload power, though it faced temporary suspensions in recent years due to maintenance and regulatory pressures on usage. As advances its targets under the Renewable Energy Development Act, CLP is evaluating opportunities to transition toward non-carbon sources at the site and elsewhere in the region. In , CLP previously pursued two -fired power projects as part of its Southeast Asian portfolio: the Vung Ang 2 plant (1,200 MW planned capacity) and the Vinh Tan 3 plant (1,980 MW planned capacity), both sponsored through the OneEnergy with . However, in line with its commitment to cease new investments announced in December 2019, CLP withdrew from these developments between 2019 and 2021, redirecting focus toward sustainable alternatives. No active generation assets remain in as of 2025. Looking ahead, CLP is prioritizing expansion in renewables across and , with active evaluations of solar, wind, and other low-carbon technologies to support long-term growth and regional goals. This strategic shift builds on the company's foundational projects while adapting to evolving policy landscapes and market demands for cleaner power.

References

  1. https://www.clpgroup.com/en/about/overview/our-history.html
  2. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-3-financial-reports/2025/e_2025%20Interim%20Report.pdf.coredownload.pdf
  3. https://www.clpgroup.com/en/about/our-business/our-regional-presence.html
  4. https://www.clp.com.hk/en/about-clp
  5. https://www.clpgroup.com/en/investor-relations/financial-reporting/quick-facts.html
  6. https://finance.yahoo.com/quote/0002.HK/
  7. https://www.clpgroup.com/en/about/overview/clp-at-a-glance.html
  8. https://www.clpgroup.com/en/pages/contact-us.html
  9. https://www.clp.com.cn/wp-content/uploads/2025/08/e_2025-Interim-Report.pdf
  10. https://stockanalysis.com/quote/hkg/0002/market-cap/
  11. https://www.tharawat-magazine.com/facts/family-businesses-hong-kong/
  12. https://www.clpgroup.com/en/about/overview/our-leadership.html
  13. https://www.clpgroup.com/content/dam/clp-group/channels/about/document/our-leadership/2024%20Actual%20Rem%20Awarded%20to%20SM_Eng.pdf
  14. https://www.bloomberg.com/billionaires/profiles/michael-d-kadoorie/
  15. https://www.energyaustralia.com.au/about-us/media/news/energyaustralia-announces-new-chair
  16. https://www.companieshistory.com/clp-holdings/
  17. https://www.aab.gov.hk/filemanager/aab/common/historicbuilding/en/212_Appraisal_En.pdf
  18. https://www.clpgroup.com/en/sustainability/strategic-priorities/decarbonisation.html
  19. https://sustainability.clpgroup.com/en/2024/case-studies/case-study/improving-hong-kong-s-air-quality-and-supporting-its-long-term-decarbonisation-target-through-the-ho
  20. https://www.enlit-asia.com/latest-news/clp-celebrates-grand-opening-new-headquarters
  21. https://www.clp.com.cn/wp-content/uploads/2025/02/%25E4%25B8%25AD%25E7%2594%25B5%25E4%25B8%25AD%25E5%259B%25BD2025%25E5%25BC%2580%25E6%2596%25B0%25E5%25B1%2580_en.pdf
  22. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-3-financial-reports/2024/e_2024%20Annual%20Report.pdf
  23. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-3-financial-reports/2025/e%2000002.pdf.coredownload.pdf
  24. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-4-announcements-circulars/2025/e_Interim%20Results%20Announcement_20250804.pdf.coredownload.pdf
  25. https://companiesmarketcap.com/clp-group/marketcap/
  26. https://www.clpgroup.com/content/dam/clp-group/channels/sustainability/document/decarbonisation/clp-climate-vision-2050/full-report/CLP_CV2050_2024_en.pdf
  27. https://sustainability.clpgroup.com/en/2024/our-sustainability-agenda/net-zero-transition
  28. https://www.eco-business.com/news/hong-kong-power-giant-clp-quits-coal/
  29. https://sustainability.clpgroup.com/
  30. https://sustainability.clpgroup.com/en/2024/serving-our-stakeholders/community
  31. https://www.clpgroup.com/en/sustainability/report-esg-ratings/esg-ratings-awards.html
  32. https://sustainability.clpgroup.com/en/2020/the-clp-group-business/key-sustainability-ratings-and-esg-recognitions
  33. https://www.clp.com.cn/en/our-business/decarbonisation/
  34. https://www.clp.com.cn/en/clp-meets-2010-carbon-reduction-targets-and-hksar-governments-air-emissions-reduction-targets/
  35. https://www.clp.com.cn/en/our-business/decarbonisation/renewable-energy/
  36. https://www.clpgroup.com/en/about/our-business/assets-and-services/mainland-china/guangzhou-pumped-storage-power-station.html
  37. https://www.clp.com.hk/en/about-clp/power-generation/guangzhou-pumped-storage-power-station
  38. https://www.clpgroup.com/en/about/our-business/assets-and-services/taiwan-region-thailand/lopburi-solar-farm.html
  39. https://www.3blmedia.com/news/clps-veltoor-plant-india-gains-worlds-first-solar-project-certification-dnv-gl
  40. https://www.clpgroup.com/en/about/our-business/assets-and-services/chinese-mainland/daya-bay-nuclear-power-station.html
  41. https://www.clp.com.hk/content/dam/clphk/documents/about-clp-site/media-site/resources-site/publications-site/2025/CLP-Information-Kit-English.pdf
  42. https://www.clp.com.hk/en/about-clp/power-generation
  43. https://www.clp.com.cn/en/
  44. https://www.clp.com.cn/en/our-business/assets/
  45. https://www.clp.com.cn/wp-content/uploads/2025/10/202508-China-Corporate-Brochure__EN.pdf
  46. https://www.clpgroup.com/en/about/our-business/assets-and-services/chinese-mainland/meizhou-pingyuan-solar-power-station.html
  47. https://www.power-technology.com/data-insights/power-plant-profile-meizhou-pingyuan-solar-pv-park-china/
  48. https://www.clpgroup.com/content/dam/clp-group/channels/media/document/2014/20140923_en.pdf.coredownload.pdf
  49. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-3-financial-reports/2025/e00002.pdf.coredownload.pdf
  50. https://www.apraava.com/about-us
  51. https://www.clpgroup.com/en/about/our-business/assets-and-services/india/paguthan-power-station.html
  52. https://www.gem.wiki/Mahatma_Gandhi_power_station
  53. https://www.clpgroup.com/en/about/our-business/assets-and-services/india/andhra-lake-wind-farm.html
  54. https://www.clpgroup.com/en/about/our-business/assets-and-services/india/veltoor-solar-farm.html
  55. https://www.apraava.com/newsroom/clp%25E2%2580%2599s-veltoor-plant-in-india-gains-world%25E2%2580%2599s-first-solar-project-certification-from-dnv-gl
  56. https://renewablewatch.in/2024/09/25/apraava-energy-secures-green-energy-transmission-project-in-rajasthan/
  57. https://www.apraava.com/
  58. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-3-financial-reports/2025/e%252000002.pdf.coredownload.pdf
  59. https://www.energyaustralia.com.au/about-us/what-we-do/generating-energy/mt-piper-power-station
  60. https://www.energyaustralia.com.au/about-us/what-we-do/generating-energy/hallett-power-station
  61. https://www.energyaustralia.com.au/about-us/media/news/energyaustralia-announces-2025-interim-results
  62. https://www.energyaustralia.com.au/about-us/energy-generation/yallourn-power-station/energy-transition
  63. https://www.energyaustralia.com.au/about-us/what-we-do/new-energy-projects/hallett-battery-energy-storage-system
  64. https://www.energyaustralia.com.au/about-us/what-we-do/new-energy-projects/mt-piper-battery-energy-storage-system
  65. https://www.clpgroup.com/content/dam/clp-group/channels/investor/document/3-3-financial-reports/2024/e_2024E114.pdf.coredownload.pdf
  66. https://www.clpgroup.com/content/dam/clp-group/channels/media/document/2011/20110223_Eng.pdf.coredownload.pdf
  67. https://www.clpgroup.com/en/about/our-business/assets-and-services/taiwan-region-thailand/ho-ping-power-station.html
  68. https://www.gem.wiki/Ho-Ping_power_station
  69. https://www.gem.wiki/Vung_Ang_power_station
  70. https://www.reuters.com/world/asia-pacific/mitsubishi-pulls-out-vinh-tan-3-coal-project-vietnam-sources-2021-02-26/
  71. https://seekingalpha.com/article/4808367-clp-holdings-limited-clphy-q2-2025-earnings-call-transcript
Add your contribution
Related Hubs
User Avatar
No comments yet.