CLP Group

File:Tcitp d165 china light and power company at kowloon.jpg

The company was founded in Hong Kong in 1901 as China Light & Power Company Syndicate by Shewan, Tomes & Co. and others.{{cite book |last1=Jones |first1=Charles A. |title=International Business in the Nineteenth Century: The Rise and Fall of a Cosmopolitan Bourgeoisie |date=1987 |publisher=Wheatsheaf}}{{cite book |last1=Cameron |first1=Nigel |title=Power: The Story of China Light |date=1982 |publisher=Oxford University Press}} 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.[https://www.hongkongheritage.org/HKHeritageDigitizedDocuments/Energy/SEK-1A-037-003.pdf "China Light & Power Co., Ltd.: 1901-1918"]. "Sir Lawrence Kadoorie's Address to the Staff, on 8th March, 1977, at the Peninsula Hotel"{{Cite web |url=https://www.clp.com.hk/zh/about-clp-site/media-site/resources-site/Documents/e_aboutClppubCentlgtSection1%20(1).pdf |title=Rise of Electricity and the Community 1901-1945. CLP. |access-date=9 November 2015 |archive-date=4 March 2016 |archive-url=https://web.archive.org/web/20160304095832/https://www.clp.com.hk/zh/about-clp-site/media-site/resources-site/Documents/e_aboutClppubCentlgtSection1%20(1).pdf |url-status=dead }} By 1919, the company was supplying electricity for street lights in Kowloon.[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx Our history: 1901–1939; The beginning] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx |date=22 February 2014 }} CLP official website

The Kadoorie family joined the CLP board of directors in 1930[http://www.thehardoons.com/TNG/histories/kwok.pdf 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Analysis of A Group of Baghdadi Indian Jews in the Intersection of Shanghai/Hong Kong (Draft only: please do NOT cite)] {{Webarchive|url=https://web.archive.org/web/20110717002117/http://www.thehardoons.com/TNG/histories/kwok.pdf |date=17 July 2011 }} Kwok Siu-tong, History Department, The Chinese University of Hong Kong and retains control of the company as of 2013.{{cite news | last =Goug | first = Neil | title =Moody's reviews CLP rating over new debt to fund big NSW deal | newspaper =South China Morning Post | location =Hong Kong | pages =Business, pg. 2 | date= 16 December 2010}}

In 1983, the company established a joint venture with Guangdong Nuclear Power for the construction and operation of the Daya Bay Nuclear Power Plant.Ashoka Mody Infrastructure strategies in East Asia: the untold story World Bank p64

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.[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab5 Our history: 1997–2000; Regional expansion] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab5 |date=22 February 2014 }} CLP official website

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.

As of 2013, CLP Group is a component of The Global Dow—a 150-stock index of the world's leading blue-chips.{{cite web | url=http://www.djaverages.com/?go=globaldow-components | title=The Global Dow | publisher=McGraw-Hill | work=Components | access-date=11 January 2013 | archive-date=11 November 2012 | archive-url=https://web.archive.org/web/20121111023512/http://www.djaverages.com/?go=globaldow-components | url-status=dead }} 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.For 2010 as first year so recognized, see {{cite web | url=https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab7 | title=2010-Today: Powering Asia Responsibly | publisher=CLP official website | work=Our History | access-date=11 January 2013 | archive-date=22 February 2014 | archive-url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab7 | url-status=dead }}

• For current status, see {{cite web | url=http://www.hsi.com.hk/HSI-Net/HSI-Net | title=Constituents | publisher=Hang Seng Bank | work=Hang Seng Corporate Sustainability Index Series | access-date=11 January 2013 | archive-url=https://web.archive.org/web/20130327040457/http://www.hsi.com.hk/HSI-Net/HSI-Net | archive-date=27 March 2013 | url-status=dead }}

Basic tariff (1 January 2024 - 31 December 2024)

• https://www.clp.com.hk/content/dam/clphk/documents/tariff-adjustment-2024/TariffTable2024_CHI.pdf

Fuel cost adjustment

• https://www.clp.com.hk/zh/help-support/bills-payment-tariffs/fuel-cost-adjustment

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), India, Mainland China, Southeast Asia mainly (Thailand and Indonesia) and Taiwan.

Its first market outside Hong Kong was mainland China; by way of connecting its power stations in Hong Kong to the Chinese mainland grid,{{Cite news|url=https://asia.nikkei.com/Business/Companies/CLP-Holdings-to-buy-17-stake-in-China-nuclear-plant|title=CLP Holdings to buy 17% stake in China nuclear plant- Nikkei Asian Review|work=Nikkei Asian Review|access-date=2017-09-25|language=en}} CLP began supplying power in 1979.[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab3 Our history: 1970–1985; Chinese vision] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab3 |date=22 February 2014 }} CLP official website

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 bought 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, {{citation needed|date=February 2011}} the company also generates electricity using nuclear,{{primary source inline|date=January 2018}} solar energy and wind power.

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Hong Kong sites include Black Point Power Station,{{primary source inline|date=January 2018}} Castle Peak Power Station, and Penny's Bay Power Station.{{primary source inline|date=January 2018}}

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.[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab4 Our history: 1986–1996; New frontiers] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab4 |date=22 February 2014 }} CLP Official Site{{primary source inline|date=January 2018}} It also operates a Guangxi province plant, Fangchenggang power station.[https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab6 Our history: 2003-today; Climate action] {{Webarchive|url=https://web.archive.org/web/20140222031155/https://www.clpgroup.com/ourcompany/aboutus/ourhistory/Pages/ourhistory.aspx#tab6 |date=22 February 2014 }} CLP official website{{primary source inline|date=January 2018}}

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.

The company also has a number of wind power sites in the country.[http://www.business-standard.com/india/news/china-lightpower-plans-big-for-india/417264/ China Light and Power plans big for India] business-standard.com, 6 December 2010, 0:15 IST It has now signed up for its very first solar project - Veltoor at Telangana.{{Cite web|last=Group|first=C. L. P.|title=CLP's Veltoor Plant in India Gains World's First Solar Project Certification from DNV GL|url=https://www.3blmedia.com/news/clps-veltoor-plant-india-gains-worlds-first-solar-project-certification-dnv-gl|access-date=2021-10-02|website=www.3blmedia.com|date=12 July 2021 |language=en}}

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|date=April 2016}}

From 2005 until 2011, CLP Group held a 50% shareholding in Roaring 40s that operated wind farms in Australia, China, Hong Kong and India.[https://www.abc.net.au/listen/programs/pm/australian-wind-power-company-looks-to-china/1770146 Australian wind power company looks to China] PM 2 June 2006[https://web.archive.org/web/20090529145707/http://www.roaring40s.com/article.php?Doo=Redirect&id=287 Our Portfolio] Roaring 40s[https://web.archive.org/web/20250421191205/https://www.accc.gov.au/public-registers/mergers-registers/public-informal-merger-reviews-register/hydro-tasmania-and-china-light-and-power-proposed-splitting-of-roaring-40s-wind-farm-assets Hydro Tasmania and China Light and Power - proposed splitting of Roaring 40s wind farm assets] Australian Competition & Consumer Commission 29 June 2011

CLP established its presence in Southeast Asia and Taiwan in the early 1990s.{{primary source inline|date=January 2018}} Since then, they have built a portfolio of quality assets in the region.

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.{{citation needed|date=April 2016}} They are also co-developing two coal-fired projects in Vietnam.{{citation needed|date=April 2016}}

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{{Commons category|CLP Group}}

• [http://www.clpgroup.com CLP Group official website]
• [https://www.clpgroup.com/poweru/eng/index.aspx CLP Group's educational website – PowerU] {{Webarchive|url=https://web.archive.org/web/20150428045822/https://www.clpgroup.com/poweru/eng/index.aspx |date=28 April 2015 }}

{{Hang Seng}}

{{S&P Asia 50}}

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Category:Electric power companies of Hong Kong

Category:Multinational companies headquartered in Hong Kong

Category:Companies in the Hang Seng Index

Category:Companies in the S&P Asia 50

Category:Companies listed on the Hong Kong Stock Exchange

Category:Energy companies established in 1901

Category:1901 establishments in Hong Kong

Category:Kadoorie family