, Hong Kong

CLP Power, Far East Consortium secure sustainability-linked loan

The loan was issued by the Hong Kong Branch of the Bank of Communications.

CLP Power helped Far East Consortium (FEC) International to secure its first five-year sustainability-linked loan to accelerate sustainable development in the hotel business in Hong Kong through energy conservation and carbon emissions reduction.

In a statement, CLP Power said it conducted an energy audit at FEC’s Silks Seaview Hotel and advised the hotel to switch to a more energy-efficient smart lighting and air-conditioning system.

It also recommended switching to an electric heat pump water system and installing smart air conditioning devices in all guest rooms.

These measures can help the hotel save around one gigawatt-hour of electricity annually, it said.

ALSO READ: What happens to CLP Power as Hong Kong transitions to carbon neutrality

“CLP Power is committed to helping customers improve their energy efficiency, and we are delighted to have helped FEC obtain its first sustainability-linked loan, which will open up more new opportunities for energy conservation and carbon emissions reduction,” said CLP Power Senior Director of Customer Success and Experience Lena Low.

“We will continue to draw on our energy expertise to provide more diversified energy management solutions to support the development of the green finance ecosystem, and accelerate the long-term low-carbon transformation of the hotel industry in order to support Hong Kong’s goal of achieving carbon neutrality by 2050,” she added.

The recommended solutions by CLP Power were accepted as the sustainability performance targets for the loan. To meet the targets, FEC is working on a five-year energy conservation and emission reduction plan. It targets to cut the energy intensity of the hotel building by 3% to 5% annually.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

First Gen acquires 165 MW hydropower plant
The acquisition includes the switchyard, administration complex, guest house and roads.
IPP
SECI launches India’s largest solar-battery hybrid project
The power generated from the project will be supplied to the state of Chhattisgarh.
Project

Exclusives

Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.