CLP Holdings announced strong results for the first half of 2018, with a 25.8% year-on-year increase in total earnings.
Chief Executive Officer Mr Richard Lancaster said the performance was driven by the Group’s focused investment strategy, solid operation, and its ability to capture growth opportunities. “We are confident our annual performance and long-term outlook will be supported by the solid fundamentals of our business, and we remain committed to making the necessary investments to ensure safe, reliable, and reasonably-priced electricity to our customers,” he told in a media briefing.
The interim report is now available on the CLP Group website. Click here to read it.
CLP Power has teamed up with wet market operators to transform traditional markets in Hong Kong, bringing a new shopping experience to customers and allowing them to shop with more comfort. Under the new initiative, businesses of various nature could coexist in the same premises in a more hygienic environment thanks to technologies such as high energy efficient air-conditioners and air purifiers. CLP Holdings Chief Executive Officer Mr Richard Lancaster, CLP Power Vice Chairman Mrs Betty Yuen, and Chairman of Link Asset Management Limited Mr Nicholas Allen, and senior CLP Power executives visited Kwong Yuen market in Shatin in August to witness the transformation in person.
Canadian institutional investor CDPQ has become a strategic 40% shareholder of CLP India. CLP Holdings Chief Executive Officer Mr Richard Lancaster said: “We are pleased to have a partner who shares our vision for growth and our commitment to tackling climate change. India has been, and will continue to be, a primary growth market for CLP. With the expertise and resources this new partnership brings, CLP India will be even better placed to capitalise on opportunities to grow the business through low-carbon investment.” CLP will maintain a majority 60% shareholding in CLP India.
CLP Power has announced the launch of a CLP Community Energy Saving Fund which will carry out a territory-wide energy efficient and conservation campaign in 2019 to encourage people to adopt low-carbon lifestyles and reduce energy consumption. The fund is expected to have around HK$70 million in its first year of operation.
It will provide financial assistance to disadvantaged groups in society to offset against their electricity expenses, and subsidise businesses to adopt energy efficient electrical equipment. Around HK$10 million of the fund will be used to help people living in sub-divided units.
CLP Holdings has won a silver award of the large-capitalisation category in the Edison Electric Institute’s 2018 Asia-Oceania Index Awards, for Asian and Oceanian electric companies that have achieved the highest total shareholder returns. The award recognises CLP’s solid fiscal performance, diversified investment portfolio, and management strategies that have allowed the company to achieve strong shareholder return.
CLP Innovation Enterprises Limited has signed two new agreements to strengthen collaboration on technologies intended for deployment in smart city environments. The agreements, signed with Thai industrial park developer Amata Corporations and two state-owned enterprises – Industrial Estate Authority of Thailand and Provincial Electricity Authority – cover smart city energy management solutions, micro-grid solutions, floating solar systems, intelligent power distribution and smart energy infrastructure.
EnergyAustralia has invested A$9.5 million in a maintenance programme at the Tallawarra Power Station in New South Wales enabling the combined-cycle gas plant to react more quickly to demand in peak seasons and to support the integration of intermittent wind and solar energy into the national grid. The two-month upgrade involves replacing the plant’s high-pressure drum which will shorten the time it takes to bring the plant into operation by 30 minutes.
More than 100 workers joined the existing crew in the process of replacing and upgrading the plant's equipment: "It was a big and complex operation relying on a skilled workforce with a commitment to safety. We hope the work will allow the 435MW plant to make a difference in our system reliability," said Asset Leader Jason Lee.
Two years after its launch, EnergyAustralia’s inclusive workplace network, Prism, has been named Network of the Year in the Australian Workplace Equality Index, scoring 37 out of 41 points. EnergyAustralia outperformed 236 major companies in the definitive nation-wide benchmark assessment on LGBTI workplace inclusion. EnergyAustralia also improved from last year’s bronze award for employer status, winning the silver award.
CLP Holdings, China Southern Power Grid, China General Nuclear Power Group, and Companhia de Electricidade de Macau held the 8th Power Industry Summit for Guangdong, Hong Kong, and Macau in Altay, Xinjiang, in July. Chief Executive Officer Mr Richard Lancaster analysed the trends and solutions in low-carbon and clean energy development and discussed power distribution planning in the Greater Bay Area with fellow CEOs. Mr Lancaster said that because of the urgent need for decarbonisation, the power industry should accelerate digitalisation and the use of smart technologies in deploying new-generation renewable energy, demand management, and big data analysis.
The 2017/18 CLP Grand Award presentation ceremony was held in June, recognising 14 individuals and 26 teams for their outstanding contributions in the three areas of Innovation, Customer Service Promise, and Safety. The winners were chosen by employees’ votes and a panel of judges. Over 2,300 colleagues cast votes this year. The CLP Grand Award is the highest level of staff recognition at CLP Power and replaces previous award programmes such as Take an Extra Step and Let’s Make Life Better.