A CLP Power Shop in Tsim Sha Tsui, Hong Kong
|China Light and Power Co., Ltd.|
The CLP Group (Chinese: 中電集團) and its holding company, CLP Holdings Ltd (SEHK: 0002) (Chinese: 中電控股有限公司), is a Hong Kong electric company that has businesses in a number of Asian markets and Australia.
Founded in Hong Kong in 1901 as China Light & Power Company Syndicate with capital provided by Shewan Tomes and Company and the Kadoorie family, by 1919 it had established a power station and was supplying electricity for street lights in Kowloon.
As of 2013, CLP Group is a component of The Global Dow. While it was a constituent of the Dow Jones Sustainability Index as late as 2009, the company is, as of 2013, not listed among the "Top Components" of any of the Dow Jones Sustainability Indexes. The company is currently, however, a component of the Hang Seng Corporate Sustainability Index Series having been inducted in 2011.
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, Laos, Mainland China, Philippines, Taiwan and Thailand.
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; 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.
Since 2002 the company has published yearly reports on the environmental and social impact it has made.
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 and wind power.
CLP has two power stations in Guangdong province, Daya Bay Nuclear Power Plant and Guangzhou Pumped Storage Power Station in Conghua, Guangzhou. It also operates a Guangxi province plant, Fangchenggang power station.
- Our history: 1901-1939; The beginning CLP official website
- Our operations: Assets and services CLP official website
- 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Analysis of A Group of Baghdadi Indian Jews in the Intersection of Shanghai/Hong Kong (Draft only: please do NOT cite) Kwok Siu-tong, History Department, The Chinese University of Hong Kong
- Goug, Neil (December 16, 2010 Thursday). "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 January 11, 2013.
- Our history: 2003-today; Climate action CLP official website
- "Constituents". Hang Seng Corporate Sustainability Index Series. Hang Seng Bank. Retrieved January 11, 2013.
- "2010-Today: Powering Asia Responsibly". Our History. CLP official website. Retrieved January 11, 2013.
- China Light and Power plans big for India business-standard.com, December 6, 2010, 0:15 IST
- Our history: 1986-1996; New frontiers CLP Official Site
- Our history: 1970-1985; Chinese vision CLP official website
- Publications CLP official website
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