CLP was founded in Hong Kong in 1901, when electricity was still a novelty. Today we power millions of homes and businesses across the Asia-Pacific region.
Dawn of Electrification
Incorporation of China Light & Power Company Syndicate on 25 January in Hong Kong.
Commissioning of the first power station with a generating capacity of 75kW on Chatham Road, Hung Hom.
Started to supply electricity for street lighting in Kowloon.
Opening of Hok Un “A” Power Station.
Inauguration of Argyle Street Head Office.
1945 - 1964
Rekindling Light and Power
Vital repairs to electricity infrastructure after the end of World War II and gradual restoration of power supply.
Commissioning of Hok Un “B” Power Station.
Beginning of Rural Electrification Scheme to expand electricity supply in the New Territories and outlying islands.
1964 - 1979
From Strength to Strength
Formation of Castle Peak Power Company Limited (CAPCO), jointly owned by CLP and Esso (now ExxonMobil Energy Limited).
Inauguration of Hok Un “C” Power Station.
Commissioning of the 1,520MW Tsing Yi Power Station.
1979 – 2004
Exploring New Horizons
Began to supply electricity to Guangdong Province after a power interconnection agreement was reached with the Guangdong power grid.
Castle Peak Power Station “A” in Hong Kong began operations.
Started building a nuclear power station in Daya Bay in Guangdong Province together with joint venture partner Guangdong Nuclear Investment Company. The plant was commissioned in 1994.
Black Point Power Station in Hong Kong started operations.
Invested in Ho-Ping Power Station in Taiwan.
Formation of CLP Holdings following a company reorganisation.
Strategic investment in Electricity Generating Public Company Limited in Thailand.
Acquisition of a majority stake in Yallourn Energy, CLP’s first investment in Australia’s electricity market.
Acquisition of Paguthan Combined Cycle Power Plant, CLP’s first investment in India’s electricity market.
2004 - Present
Sustainable Growth with Purpose
Issued Manifesto on Air Quality and Climate Change and announced the target of increasing renewable energy generation to 5% of portfolio by 2010. The target was met in December 2007, three years ahead of schedule.
Published Climate Vision 2050, becoming the first power company in Asia-Pacific to set voluntary targets to reduce carbon intensity.
Added to the Global Dow and Dow Jones Sustainability Indexes.
Met Climate Vision 2050 target to reduce carbon intensity to 0.8kg CO2/kWh.
Completed the acquisition of EnergyAustralia’s retail business.
Collaborated with China Southern Power Grid to each acquire half of ExxonMobil’s 60% interest in CAPCO. CLP also completed the acquisition of ExxonMobil’s 51% stake in Hong Kong Pumped Storage Development Company, Limited.
Issued its first green bond to fund wind energy projects in India.
Launched Climate Action Finance Framework for financing of investments to support the transition to a lower-carbon future.
Introduced Caisse de dépôt et placement du Québec as a strategic 40% shareholder of CLP India.
Pledged not to invest in any additional coal-fired generation capacity and to progressively phase out all remaining coal assets by 2050 under updated Climate Vision 2050.