Hong Kong

HK Electric will freeze tariffs for 2010 despite anticipated rising fuel costs to help Hong Kong recover from the financial crisis.

CLP Power Hong Kong will raise its average net tariff by 2.6 percent effective 1 January 2010.

Mr. Manuel Perez Dubuc has been appointed as Meiya Power Company’s new Chief Executive Officer effective 15 June 2009.

CLP is also set to meet its target of having 20 percent of its generating capacity coming from non-carbon emitting sources by 2020, including nuclear and renewable energy.

Twelve exciting ideas that encourage students to make creative and good use of renewable energy were awarded by the HK Electric Clean Energy Fund. It includes one which harnesses solar energy to power an organic farm of Chinese herbs.

Ming Kei Energy expects its net loss for the six months ended 30 September 2009 will increase significantly as compared with that for the corresponding period in 2008.

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 realisation of renewable energy in Hong Kong progressed after the EIA's approval of CLP and Wind Prospect's proposed offshore wind farm project. It signifies that building a commercial scale offshore wind farm of up to 200MW in the south-eastern waters of Hong Kong is environmentally acceptable.

HK Electric commissioned a flue gas desulphurisation plant and a low Nitrogen Oxides System for its coal-fired generation Unit 5. It marked the completion of the first of a two-phase emission reduction programme.

Loans to finance business customers of CLP Hong Kong and Hongkong Electric Co. Ltd. for energy efficiency are now available at HSBC.

The feasibility study for a 200MW wind farm in the southeastern waters of Hong Kong is now subject to public scrutiny.

CLP electricity sales for the first quarter in Hong Kong and Chinese mainland decreased by 8.9 percent to 6,891GWh.

HK Electric is persuading caterers to switch to electric cooking. In the biennial HOFEX 2009 Exhibition, HK Electric is putting on its "Five-star Green Electric Kitchen" demonstration, showing how electric cooking equipment helps the catering industry save energy and operating costs, while improving efficiency and productivity.

Until 15 August, schools may submit project proposals in renewable energy through the HK Electric Clean Energy Fund. The Fund has $1 million.

CLP Holdings has been added to the Global Dow and has entered the Dow Jones Sustainability Asia Pacific Index and the Dow Jones Sustainability Asia Pacific 40 Index.

Hongkong Electric increased profitability in both its local and international operations in 2008.