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 station and was supplying electricity for street lights 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.
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| a CLP building, 2007 |
As of 2009, CLP Group is a constituent of The Global Dow and the Dow Jones Sustainability Index.
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, 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,[citation needed] 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 Indian 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-fired or fossil fuel power stations, the company also generates electricity using nuclear[8] and wind power.
Hong Kong
Hong Kong sites include Black Point Power Station, Castle Peak Power Station, and Penny's Bay Power Station.
Mainland China
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.
India
CLP power stations in India include Gujarat Paguthan Energy Corporation's former station, and a planned coal-fired power station at Jhajjar, Haryana, that may become operational in 2012.
The company also has a number of wind power sites in the country.
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