Hong Kong

An energy expert says Hong Kong has secured energy from nuclear to gas-fired power.

Mike Thomas noted that the transition is driven by commercial realities that see technologies competing effectively. 

It saw a HK$3.9b loss in operating earnings.

It is backed by the CLP Community Energy Saving Fund with HK$2m support.

Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.

The new rates took effect on 27 April.

The loan was the first ESG-linked facility in the Japanese financial market.

The company has lined up three new projects in the city.

CLP Power Hong Kong Limited (“CLP Power”) has won five top prizes in the Asian Power Awards 2021, known as the Oscars of the Asia-Pacific energy industry. The  awards were presented for two environmentally-sensitive infrastructure projects in Hong Kong – the new gas-fired generation unit D1 (Unit D1) at Black Point Power Station, and the Ma Sik Road 132 kV substation in Fanling. ​

The city is now implementing several abatement measures as it aims to be carbon neutral by 2050.

The facility will be used for a electricity generation project in rural Myanmar.

It secured utility-like projects in Myanmar and Sri Lanka over a few months.

It is exploring opportunities in the Greater Bay Area and India.

The company has set up a JV with CNTIC.

CLP Power Hong Kong and HK Electric are building an offshore LNG terminal and have introduced feed-in tariff schemes that are gaining interest.

A floating regasification vessel with 8.3bcm capacity in the works.