CLP Group facts for kids
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Headquarters in Hung Hom, Hong Kong
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| Traded as |
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| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=HK0002007356 HK0002007356] | ||||||||||||
| Industry | Public utility - Energy | ||||||||||||
| Founded | January 25, 1901 in Crown Colony of Hong Kong | ||||||||||||
| Headquarters | 8 Lagunda Verde Avenue, Hung Hom, , | ||||||||||||
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Area served
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Key people
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| Products | Electric service | ||||||||||||
| Owner | Kadoorie family (35%) | ||||||||||||
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Number of employees
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8,074 (2021) | ||||||||||||
| Subsidiaries |
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| CLP Group | |||||||||||
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| Traditional Chinese | 中電集團 | ||||||||||
| Simplified Chinese | 中电集团 | ||||||||||
| Cantonese Yale | jung1 din6 jaap6 tyun4 | ||||||||||
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| CLP Power Hong Kong Ltd. (formerly China Light and Power Co., Ltd.) |
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| Traditional Chinese | 中華電力有限公司 | ||||||||||
| Simplified Chinese | 中华电力有限公司 | ||||||||||
| Cantonese Yale | jung1 wa4 din6 lik6 yau5 haan6 gong1 si1 | ||||||||||
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CLP Group (Chinese: 中電集團) is a big electricity company based in Hong Kong. It is also known as CLP Power Hong Kong Ltd.. The company started in 1901. Its main job is to make, send, and sell electricity.
CLP Group also has businesses in other parts of Asia and in Australia through a company called EnergyAustralia. It is one of the two main electricity providers in Hong Kong. The other one is Hongkong Electric Company.
Contents
History of CLP Group
CLP Group began in Hong Kong in 1901. It was first called China Light & Power Company Syndicate. In 1903, the company opened its first power station in Hung Hom. This station could make 75 kilowatts of power.
By 1919, CLP was providing electricity for street lights in Kowloon. The Kadoorie family joined the company's board in 1930. They still help run the company today.
In 1983, CLP worked with Guangdong Nuclear Power. They built and operated the Daya Bay Nuclear Power Plant together.
In 1998, CLP Holdings Limited became the main company listed on the Hong Kong Stock Exchange. This new company took over from China Light & Power Company Limited.
In 2018, CLP started a new part of its business called CLP Digital. This branch has its own company, Smart Energy Connect (SEC). SEC works on solutions that are good for the environment.
CLP's Global Reach
CLP has been growing its business outside of Hong Kong. It has done this by buying other companies. CLP now operates in Australia (with EnergyAustralia), India, Mainland China, Southeast Asia, and Taiwan.
Starting in Mainland China
Mainland China was the first market CLP entered outside Hong Kong. In 1979, CLP started sending power from its Hong Kong power stations to the Chinese mainland grid.
Expanding to New Countries
In the 1990s, CLP began buying parts of other companies. In 1996, it partnered with Taiwan Cement Corporation. In 1998, it bought a share of Thai Electricity Generating Public Co Ltd.
In 2001, CLP bought Australian Yallourn Energy. Then, in 2005, it bought TXU Merchant Energy. This allowed CLP to sell electricity directly to homes and businesses in Australia. In 2002, CLP also bought an Indian company called Gujarat Paguthan Energy Corporation Private Limited.
Power Stations Around the World
CLP has many power stations in Asia. Most of them use coal or other fossil fuel power stations. But CLP also makes electricity using nuclear energy, solar energy, and wind power.
Power in Hong Kong
Sources of electricity from CLP in Hong Kong (2020) Natural gas (48%) Nuclear (Imported) (36%) Coal (15%) Renewable energy (1%)
In Hong Kong, CLP has power stations like Black Point Power Station, Castle Peak Power Station, and Penny's Bay Power Station.
Power in Mainland China
CLP has invested in two power stations in Guangdong province. These are the Daya Bay Nuclear Power Plant and the Guangzhou Pumped Storage Power Station in Conghua, Guangzhou. CLP also runs the Fangchenggang power station in Guangxi province.
Power in India
In India, CLP has power stations that use gas, like the former Paguthan Combined Cycle Power Plant. It also has a coal-fired power station called Mahatma Gandhi Super Thermal Power Project in Jhajjar, Haryana. This station started working in 2012.
CLP also has several wind power sites in India. Recently, it started its first solar project called Veltoor in Telangana.
Power in Australia
EnergyAustralia is a company fully owned by CLP. It is one of Australia's biggest energy businesses. As of 2013, EnergyAustralia makes electricity from coal, gas, and renewable sources. It sells electricity and gas to over 2.8 million homes and businesses. These are located across Victoria, South Australia, New South Wales, the ACT, and Queensland.
Power in Southeast Asia and Taiwan
CLP started working in Southeast Asia and Taiwan in the early 1990s. They have built many important energy projects in these areas.
After selling its share in EGCO in Thailand in 2011, CLP's investments now include the Ho-Ping coal-fired project in Taiwan. They also have the Lopburi solar farm in Thailand. CLP is also helping to build two coal-fired projects in Vietnam.
