We’ll See Continued Growth in Hong Kong From Here on Out, Says CLP’s CEO

The transcript discusses the impact of the Guaranteed Rate regime on earnings in Hong Kong, highlighting the need for increased investment to support decarbonization. It covers the progress of LNG and gas-fired generation projects, with significant investments planned. In China, the focus is on clean energy and nuclear power, with investments in competitive low-cost plants. The company aims for a balanced energy portfolio, including hydro, solar, and wind, while planning to phase out coal. The Greater Bay development offers further opportunities. In Australia, the lack of energy policy clarity is a concern, emphasizing the need for a coordinated transition to renewables.

What was the percentage drop in earnings in Hong Kong due to the Guaranteed Rate regime change?

• 2.5%

• 3.9%

• 4.5%

• 5.2%

What is the total investment for the LNG and gas-fired projects in Hong Kong?

• 15 billion Hong Kong dollars

• 11 billion Hong Kong dollars

• 8 billion Hong Kong dollars

• 5 billion Hong Kong dollars

Which type of energy investment is NOT mentioned as a focus in China?

• Wind

• Hydro

• Solar

• Nuclear

What is the company's strategy regarding coal-fired plants?

• Expand coal-fired plants

• Maintain current coal capacity

• Gradually retire coal plants

• Convert coal plants to nuclear

Which energy technology does the company prioritize for investment?

• Hydro

• No specific preference

• Solar

• Wind

Since when has the company been part of the Greater Bay electricity system?

• 1980s

• 1970s

• 2000s

• 1990s

What is a major challenge faced by the company in Australia?

• High operational costs

• Policy clarity

• Limited market access

• Lack of renewable resources