CLP Power definition
Examples of CLP Power in a sentence
Clause 5 of the SCA shall be amended by adding the following new clause 5(7) :- “In the absence of any agreement to the contrary, CLP Power shall discharge its liabilities in respect of the balances in the Development Fund and the Rate Reduction Reserve after the expiry of this Agreement.
This Note is one of a Series (as defined below) of Notes issued by CLP Power Hong Kong Financing Limited (the “Issuer”) and constituted by a Trust Deed (such Trust Deed as modified and/or supplemented and/or restated from time to time, the “Trust Deed”) dated 3rd April, 2002 made between the Issuer, CLP Power Hong Kong Limited as guarantor (the “Guarantor”) and DB Trustees (HK) Limited (the “Trustee” which expression shall include any successor as Trustee).
CLP Power Hong Kong Limited (“CLP Power”) is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia.
CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to six million people in its supply area.
On Effective Date, completion of the sale and purchase of EMEL’s entire shareholding in CAPCO in accordance with a sale and purchase agreement entered into between, amongst others, EMEL and CLP Power has taken effect, following which EMEL has ceased to be a shareholder of CAPCO and CLP Power now holds 70% of the entire issued share capital of CAPCO.
In accordance with the MoU, CLP Power extended in September 2009 its existing contract for the supply of nuclear electricity from Guangdong Nuclear Power Station at Daya Bay for another term of 20 years from 7 May 2014 onwards.
The upper limit shall be 5% of the annual total revenues of CLP Power from sales of electricity to consumers in Hong Kong including Fuel Cost Account Adjustment and excluding rebates and charges made during that Year. (b) The Companies will make available to the Government for the purpose of the Tariff Review their forecast on the following specific items in respect of the second Year following the then current Year (provided that such second Year is within the Term):- 1.
CLP Power is a direct wholly-owned subsidiary of CLP Holdings and is the largest electricity utility in Hong Kong serving the business and domestic community in Kowloon, the New Territories, Lantau and most of the outlying islands.
CLP Power supplies electricity to approximately 2.54 million customer accounts in its supply area.
The Common Seal of CLP Power Hong Kong Limited was hereunto affixed by authority of the directors in the presence of:- ……………………………….