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The Document That Transformed Hong Kong's Power Industry

SOURCE: CLP Group

DESCRIPTION:

It’s the document that allows CLP to bring electricity into the homes of 2.65 million Hong Kong customers, and an agreement that played a key role in helping the city grow from a fishing port into a world-famous metropolis.

The Scheme of Control (SoC) agreement is a vital document that sets out the basis for CLP to do business and serves as a framework by which the government monitors CLP's financial, operational, and environmental performance. 

For more than half a century now, it has ensured customers enjoy a safe, reliable supply of electricity at a reasonable price, while CLP is granted a regulated return in relation to the time and capital-intensive nature of its business.

First signed in 1964 between CLP, the Peninsula Electric Power Company Limited (PEPCO, later known as Castle Peak Power Company Limited or CAPCO), and the Hong Kong government, the agreement played a key role in making electricity services more within reach in the post-war era...

Continue reading on CLP Innofinity

 

About CLP Innofinity

CLP Innofinity is a content hub where readers can find a carefully curated collection of inspiring articles and opinion pieces discussing breakthroughs in innovation and sustainability. The platform is brought to you by the CLP Group, one of the largest investor-owned power businesses in the Asia-Pacific region.

Tweet me: What has helped ensure millions of Hong Kong customers enjoy a safe, reliable supply of electricity at a reasonable price for over half a century? Find out more about a vital document that shapes the power sector: https://bit.ly/3a4cW2K #CLPGroup #CLPsustainability #CLPInnofinity

KEYWORDS: HKSE:0002.HK, Hong Kong, CLP, Scheme of Control, reliable power supply, Kadoorie, Castle Peak Power Company

       

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