CLP Group
| CLP Group | |||||||||||
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 A CLP Power Shop in Tsim Sha Tsui, Hong Kong | |||||||||||
| Traditional Chinese | 中電集團 | ||||||||||
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| China Light and Power Co., Ltd. | |||||||||||
| Traditional Chinese | 中華電力有限公司 | ||||||||||
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The CLP Group (Chinese: 中電集團) and its holding company, CLP Holdings Ltd (SEHK: 2) (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]
History
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
- ^ a b c Our history: 1901-1939; The beginning CLP official website
- ^ Our operations: Assets and services CLP official website
- ^ 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
- ^ Ashoka Mody Infrastructure strategies in East Asia: the untold story World Bank p64
- ^ a b c d e f g Our history: 1997-2000; Regional expansion CLP official website
- ^ a b c Our history: 2003-today; Climate action CLP official website
- ^ a b c d e f China Light and Power plans big for India business-standard.com, December 6, 2010, 0:15 IST
- ^ a b c d e f g Our history: 1986-1996; New frontiers CLP Official Site
- ^ a b Our history: 1970-1985; Chinese vision CLP official website
- ^ Publications CLP official website
External links
