China Light and Power
Encyclopedia
The CLP Group and its holding company
, CLP Holdings Ltd , 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, its core business remains the generation, transmission, and retailing of electricity.
and was supplying electricity for street light
s in Kowloon
.
The Kadoorie family joined the CLP board of directors
in 1930.
In 1983 the company established a 25/75 joint venture
with Guangdong Nuclear Power for the construction and operation of the Daya Bay NPP.
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.
As of 2009, CLP Group is a constituent of The Global Dow
and the Dow Jones Sustainability Index
.
. Overseas markets it has entered include Australia
, India
, Laos
, Mainland China
, Philippines
, Taiwan
, and Thailand
.
Its first overseas market was Mainland China. By connecting its power stations in Hong Kong to the Chinese grid, CLP began supplying power to that country in 1979.
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 India
n company, Gujarat Paguthan Energy Corporation Private Limited.
or fossil fuel power stations, the company also generates electricity using nuclear
and wind power
.
, Castle Peak Power Station
, and Penny's Bay Power Station
.
, Daya Bay Nuclear Power Plant and Guangzhou Pumped Storage Power Station in Conghua
, Guangzhou
. It also operates a Guangxi province
plant, Fangchenggang power station.
at Jhajjar
, Haryana
, that may become operational in 2012.
The company also has a number of wind power
sites in the country.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
, CLP Holdings Ltd , is a Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
electric company that businesses in a number of Asian markets and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
Incorporated in 1901 as China Light & Power Company Syndicate, its core business remains the generation, transmission, and retailing of electricity.
History
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 stationPower station
A power station is an industrial facility for the generation of electric energy....
and was supplying electricity for street light
Street light
A street light, lamppost, street lamp, light standard, or lamp standard is a raised source of light on the edge of a road or walkway, which is turned on or lit at a certain time every night. Modern lamps may also have light-sensitive photocells to turn them on at dusk, off at dawn, or activate...
s in Kowloon
Kowloon
Kowloon is an urban area in Hong Kong comprising the Kowloon Peninsula and New Kowloon. It is bordered by the Lei Yue Mun strait in the east, Mei Foo Sun Chuen and Stonecutter's Island in the west, Tate's Cairn and Lion Rock in the north, and Victoria Harbour in the south. It had a population of...
.
The Kadoorie family joined the CLP board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
in 1930.
In 1983 the company established a 25/75 joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with Guangdong Nuclear Power for the construction and operation of the Daya Bay NPP.
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.
As of 2009, CLP Group is a constituent of The Global Dow
The Global Dow
The Global Dow is a 150-stock index of corporations from around the world, created by Dow Jones & Company. Only blue-chip stocks are included in the index....
and the Dow Jones Sustainability Index
Dow Jones Sustainability Index
Launched in September 1999, the Dow Jones Sustainability Indexes are a family of indexes evaluating the performance of the world’s leaders in sustainability. They are the longest-running global sustainability benchmarks worldwide and have become the key reference point in Sustainability Investing...
.
Overseas markets
In recent years CLP has sought to expand outside of its native Hong Kong accomplishing this through mergers and acquisitionsMergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
. Overseas markets it has entered include Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Laos
Laos
Laos Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ Sathalanalat Paxathipatai Paxaxon Lao, officially the Lao People's Democratic Republic, is a landlocked country in Southeast Asia, bordered by Burma and China to the northwest, Vietnam to the east, Cambodia to the south and Thailand to the west...
, Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
, Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
, Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
, and Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
.
Its first overseas market was Mainland China. By connecting its power stations in Hong Kong to the Chinese grid, CLP began supplying power to that country in 1979.
The 1990s saw the start of expansionary M&A
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
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
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
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
TRUenergy
TRUenergy is an energy company headquartered in Melbourne, Victoria, Australia.Founded in 1995 as a retailer and generator of electricity, and a retailer of natural gas, the company is formed from the combination of retail and generation assets purchased by Hong Kong-based CLP from Singapore Power...
in 2005. And in 2002 CLP acquired an India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n company, Gujarat Paguthan Energy Corporation Private Limited.
CSR
Since 2002 the company has published yearly reports on the environmental and social impact it has made.Power stations
CLP has a number of power stations in Asia. While most are either coal-firedCoal-fired power station
A coal-fired power station produces electricity, usually for public consumption, by burning coal to boil water, producing steam which drives a steam turbine which turns an electrical generator...
or fossil fuel power stations, the company also generates electricity using nuclear
Nuclear power
Nuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear generated electricity...
and wind power
Wind power
Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships....
.
Hong Kong
Hong Kong sites include Black Point Power StationBlack Point Power Station
Black Point Power Station is a gas fired power station in Hong Kong, near to Castle Peak Power Station, another power station serving China Light and Power....
, Castle Peak Power Station
Castle Peak Power Station
The Castle Peak Power Station is the largest coal fired power station in Hong Kong, China. It was commissioned in 1982 with its newest generation unit installed in 1990. The station consists of four 350 MW and four 677 MW generating units, with auxiliary facilities. It is one of the three...
, and Penny's Bay Power Station
Penny's Bay Power Station
Penny's Bay Power Station is a diesel/gas power station in Hong Kong. The complex consists of three gas turbines in a rectangular hall with three smokestacks.Located in Lantau Island for China Light and Power and provides 300 MW of power....
.
Mainland China
CLP has two power stations in Guangdong provinceGuangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
, Daya Bay Nuclear Power Plant and Guangzhou Pumped Storage Power Station in Conghua
Conghua
Conghua , historically known as Tsungfa, is a County-level city in Guangzhou, Guangdong, China.-External links:*...
, Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
. It also operates a Guangxi province
Guangxi
Guangxi, formerly romanized Kwangsi, is a province of southern China along its border with Vietnam. In 1958, it became the Guangxi Zhuang Autonomous Region of the People's Republic of China, a region with special privileges created specifically for the Zhuang people.Guangxi's location, in...
plant, Fangchenggang power station.
India
CLP power stations in India include Gujarat Paguthan Energy Corporation's former station, and a planned coal-fired power stationCoal-fired power station
A coal-fired power station produces electricity, usually for public consumption, by burning coal to boil water, producing steam which drives a steam turbine which turns an electrical generator...
at Jhajjar
Jhajjar
Jhajjar is a town in Jhajjar district in the Indian state of Haryana.-Geography:Jhajjar is located at . It has an average elevation of 220 metres .-Demographics:...
, Haryana
Haryana
Haryana is a state in India. Historically, it has been a part of the Kuru region in North India. The name Haryana is found mentioned in the 12th century AD by the apabhramsha writer Vibudh Shridhar . It is bordered by Punjab and Himachal Pradesh to the north, and by Rajasthan to the west and south...
, that may become operational in 2012.
The company also has a number of wind power
Wind power
Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships....
sites in the country.