- Shareholders’ funds of HK$105,498 million
- Total borrowings of HK$59,217 million
Value Creation
HOW WE CREATE VALUE
At CLP, we utilise various capitals to create value for shareholders, customers, employees and the wider community.
INPUTS USED
FINANCING
Risks
- Financial risk
- Commercial risk
RESOURCES AND INFRASTRUCTURE
- Generation and energy storage capacity of 17,970 equity MW
- Long-term capacity and energy purchase agreements of 5,098MW
- 394,274TJ of coal and 151,327TJ of gas consumed
- Transmission and high voltage distribution lines of around 16,900km
- 15,653 primary and secondary substations in Hong Kong
Risks
- Operational risk
- Extreme weather as a result of climate change
TALENT AND EXPERTISE
- 18,752 employees and contractors in our total workforce
Risks
- Human resources risk
- Health and safety
TECHNOLOGY
- Strengthened technological capabilities to develop Energy-as-a-Service business model
- Digitalisation of operations
- Investments in technology companies and funds
- Partnerships with innovation accelerators
Risks
- Commercial risk
WHAT WE DO
We operate in different parts of the energy value chain in each of the markets we are in, tailoring our solutions based on the local context.
Generation
Transmission
Distribution
- Procure adequate and appropriate fuels and energy resources from diversified sources
- Design, build, operate and invest in centralised and decentralised generation facilities with increasing deployment of low-carbon energy sources
- Design, build, operate and enhance transmission networks to facilitate integration of more clean energy into the grid
- Design, build and operate distribution networks
- Integrate distributed energy resources into the grid
Energy Orchestration
- Develop and deploy customer-oriented, technology-enabled energy services that help customers become active participants of a power system
- Widen and deepen customer relationships as an energy orchestrator to enable decarbonisation, electrification, energy efficiency and management, decentralised generation and storage
NEW TECHNOLOGIES AND DIGITAL APPLICATIONS
- Data analytics, artificial intelligence and Internet of Things (IoT) facilitate flexibility of entire energy system
- Enable dynamic system balancing that integrates centralised and decentralised generation, and balances demand against different generation profiles to optimise cost efficiency, reliability and environmental performance
- Enable delivery of smarter and greener energy products and services
CLP’S KEY STAKEHOLDERS AND OUTPUTS
CAPITAL PROVIDERS
Competitive funding and attractive financial returns
- Total dividends of HK$7,832 million to shareholders
- Strong liquidity position with access to cost-effective sources of sustainable financing
- Coal asset divestment to channel more capital to invest in clean energy
CUSTOMERS
Reliable, reasonably priced and low-carbon electricity supply and sustainable energy solutions
- Operational resilience and secure energy supply in core markets
- Stringent cost control to mitigate tariff impact for customers
- Diversified solutions to help customers improve energy efficiency and reduce emissions
OUR PEOPLE
Safe workplace and career progression
- Comprehensive measures to safeguard wellbeing of workforce amid pandemic
- Over 6,000 employees and contractors participated in interactive online forum to shape workplace culture
- 41% increase in recruitment in core markets of Hong Kong and Mainland China
- Over 46 hours of internal and external training and development per employee on average
PARTNERS
Contribution to policy, business and economic development
- Current income tax of HK$1,649 million
- Operating costs of HK$81,806 million
- Expanding partnerships for low-carbon economic transition
- Supporting national- to city-level policymaking on decarbonisation
COMMUNITY
Positive social impact / climate action conscious
- Donations of HK$10 million
- Strengthen community wellbeing and resilience as COVID-19 impacts recede
- Promote public awareness on decarbonisation and energy efficiency
- Commitment to youth development
