CLP’s Hong Kong nuclear supply deal extended by 20 years

CLP will supply power to Hong Kong from Guangdong Daya Bay Nuclear Power Station for another 20 years from 2014. This was made possible by the approval of a contract extension by the Hong Kong Special Administrative Region Government.

The supply contract, with which CLP receives 70 percent of the nuclear electricity from Daya Bay, will expire by May 2014.

Mr. Andrew Brandler, Chief Executive Officer of CLP, said, "The approval is a significant step toward implementing the Memorandum of Understanding on the long-term energy supply to Hong Kong that was reached last year between the Central Government and the SAR Government. The 20-year extension is also a demonstration of the close and longstanding partnership between CLP and China Guangdong Nuclear Power Holding Company Limited (CGNPC) that has grown since CLP first participated in the Daya Bay project".

"The extension not only heralds future economic benefits for Hong Kong and assured reliability of power supply, but also forms an integral part of CLP’s energy roadmap towards a low emission and low-carbon economy. In addition, it reinforces our ongoing commitment to use more clean energy to meet the interim target of increasing our non-carbon-emitting generating capacity to 20% by 2020 as set out in our Climate Vision 2050," Mr. Brandler added.

At present, the import of nuclear power from Daya Bay meets about one third of CLP's power supply, which is also equivalent to about 25 percent of Hong Kong's total electricity demand.