“Market Cap $19.25 B As of May 2014
At a Glance
- Industry: Electric Utilities
- Founded: 1901
- Country: Hong Kong
- CEO: Richard Lancaster
- Website: www.clpgroup.com
- Employees: 6,968
- Sales: $13.48 B
- Headquarters: Hong Kong
#530 Global 2000
- #710 in Sales
- #780 in Profit
- #816 in Assets
- #576 in Market value
CLP Holdings Ltd. operates as an investment holding company, which engages in the generation and supply of electricity. It operates four businesses, which include Power Generation, Transmission & Distribution System, Retail and Gas Storage. The Power Generation business consists of coal, natural gas, nuclear power and renewable energy generation. It operates coal-fired power plants, coal-fired power purchase, natural gas power plants, natural gas power purchase, a nuclear power plant, renewable energy, oil-fired power plants and pumped storage power plants. The Transmission & Distribution System business distributes power through transmission and distribution network. The Retail business provides retail services in Hong Kong and Australia. The Gas Storage business stores gas and markets through a pipeline system. The company was founded on October 24, 1997 and is headquartered in Hong Kong.“
“CLP Holdings 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 and retain control of the company today.
In 1983 the company established a 25/75 joint venture with Guangdong Nuclear Power for the construction and operation of the Daya Bay Nuclear Power Plant.
On 6 January 1998, CLP Holdings Limited replaced China Light & Power Company, Limited as the new holding company listed on the Stock Exchange of Hong Kong.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “worldbizwatch“