- Shareholders’ funds of HK$102,331 million
- Total borrowings of HK57,515 million
Value Creation
HOW WE CREATE VALUE
At CLP, we utilise various inputs to create value for shareholders, customers, employees and the wider community.
INPUTS USED
Financing
Risks
- Financial risk
- Market and commercial risk
Resources and infrastructure
- Generation and energy storage capacity of 18,123 equity MW
- Long-term capacity and energy purchase agreements of 5,168MW
- 250,177TJ of coal and 146,370TJ of gas consumed
- Transmission and high voltage distribution lines of over 17,000 km
- 15,780 primary and secondary substations in Hong Kong
Risks
- Operational risk
- Market and commercial risk
- Transformation risk
Talent and expertise
- 16,282 employees and contractors in our total workforce
Risks
- Operational risk
- Transformation risk
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
- Operational risk
- Transformation 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
- 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
OUTPUTS
Competitive funding and attractive financial returns
- Total dividends of HK$7,832 million to shareholders
- Solid liquidity position with access to cost-effective sources of sustainable financing
Reliable, reasonably priced and low-carbon electricity supply and sustainable energy solutions
- World-class supply reliability of 99.999% in Hong Kong
- 7.4% annual drop in 2024 Average Net Tariff in Hong Kong
- Greenhouse gas emissions intensity of electricity sold dropped to 0.54kg CO2e per kilowatt hour
- Diversified solutions to help customers decarbonise
Safe workplace and career progression
- 822 new recruits in core markets of Hong Kong and Mainland China
- 44.1 hours of internal and external training and development per employee on average
- Reduction in the Group’s total recordable injury rate and lost time injury rate
- Staff expenses of HK$4,749 million
Contribution to policy, business and economic development
- Current income tax of HK$1,709 million
- Operating costs of HK$58,633 million
- 2024-2028 five-year Development Plan approved by Hong Kong Government
- Supporting national- to city-level policy making on energy transition
Positive social impact / climate action conscious
- Donations of HK$9 million
- Continued initiatives under CLP Community Energy Saving Fund to support people in need and improve energy efficiency
- Programmes to promote youth development and active ageing as well as to assist the underprivileged
