CLP Group, based at Hong Kong, is one of the leading electricity operators of Asia pacific region. The company was founded in the year 1901 as a local company in Hong Kong. CLP Group has produced and disseminated a consistent supply of electricity. Over the past twenty years, CLP Group has spread its roots from Hong Kong to Australia, China, India Taiwan and Thailand.
CLP Group of Hong Kong has the vision to become a major investor-operator power sector of the region of Asia- Pacific. To accomplish the vision, the CLP Group in Hong Kong has undertaken some strategies like:
- Expansion of the portfolio of electricity production in China and Asia-pacific
- Continuously augment the main Hong Kong electricity trade
- Chase prospects to enlarge the company’s conventional electricity business by influencing the existing business, proficiency, assets, and associations.
The CLP Group in Hong Kong has some strong missions, which have been undertaken by them for the growth of the company. Some of these missions are:
- Delivering superlative services and products to the customers
- Augment the value of the shareholders
- Supply to the economic and social growth of the working communities of the company
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- To provide a healthy, safe and satisfying work environment for employees of the company
- To manage the ecological impact of all the projects and operations of the company with full responsibility.
The CLP Group, Hong Kong has adopted a low-risk and restricted approach to the investments of the market because power allocation and generation is a long term capital intensive business. One of the major commitments of the company is to reduce the carbon emissions by about 75% to undertake the challenge of the change in climate by 2050.
There are some policies of the company that include environmental policies, human resource policies. CLP Group ensures that there is no favoritism in the work environment and opportunities are provided to the employers.
CLP Group is under CLP Holdings Limited, which is included in the Main Board of the Stock Exchange of Hong Kong. The company supplies electricity to about 80% of the homes at Hong Kong. In China, CLP Group has turned out to be the principal outer investor in China’s power industry. It has also become one of the key international private-sector power companies in the region of Asia-Pacific, with equity in about 6400 megawatts of generating possessions in India, Australia, Taiwan and Thailand. In the year 2002, the number of customers for CLP Group in Hong Kong surpassed 2 million.
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