CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange, is one of the largest investor-owned electric utility companies in the Asia Pacific region. CLP generates electricity in Hong Kong, Australia, Chinese Mainland, India and Southeast Asia. CLP retail businesses serve about 5.2 million customer accounts in Hong Kong (through "CLP Power Hong Kong") and Australia (through "EnergyAustralia"). CLP has a portfolio of over 70 assets and a market capitalisation of HKD164 billion as of 31 December 2012.
Country Status:Non-OECD / Non-DAC
Employees:5,000 - 10,000
GRI GOLD Community:
Stock listing code:0002 HK
HQ Address: 8 Laguna Verde Avenue, Hung Hom, Kowloon. Hong Kong
HQ City: Hong Kong
Contact person: Dr. Jeanne Ng
Globally, CLP has seen a rise in Governmentâ€™s desire to intervene more directly in the privately-owned power sector, with strengthened regulatory control and public support for such measures. Much of this intervention relates specifically to carbon and air emissions legislation. For example in Hong Kong, the Government has proposed changing the fuel mix for generation as part of its commitment to set out clear objectives and a roadmap to achieve cleaner air, better fuel mix, and energy conservation and emissions reduction.
Although there are some regulatory trends that pose a risk to CLP business, there are also some regulatory trends which have given CLP the opportunity to develop a green business. These trends have most strongly impacted CLP business in China and India, where governments have developed supportive renewable energy policies over the past 5 â€“ 10 years which enabled renewable projects, especially wind, to compete on equal financial grounds with more traditional coal fired generation.