11 July 2002 – A shortage of power in China’s Guangdong province has led to an agreement between CLP Power Hong Kong Ltd. and Guangdong Guangdian PowerGrid Group Co, in which the Hong Kong utility will sell 1bn kWh of electricity over the next two years.

The news was reported in the Hong Kong Economic Journal and gives Guangdong Guangdian the option to buy the power with an option for a further 200-500 kWh which can be exercised up to June 30 2004.

CLP Hong Kong is the largest electric utility business in Hong Kong with two million customers in Kowloon, the New Territories, and most of the outlying islands – accounting for about 80% of the total population of Hong Kong

CLP Holdings officials said they weren’t immediately able to comment.

The largest electric utility business in Hong Kong with 2m customers in Kowloon, the New Territories, and most of the outlying islands – accounting for about 80 per cent of the total population of Hong Kong. It has 8263 MW of installed generating capacity including the right to use capacity at the Guangzhou Pumped Storage Power Station and over 10 800 km of transmission and distribution lines.