CLP H1 profit rises on Hong Kong growth
SCMP · 1 SOURCES1 day ago2 MIN
Summary
CLP Holdings, one of Hong Kong’s two major power utilities, posted a first-half 2026 underlying profit of HK$5.73 billion, representing a 9.7 per cent increase from a year earlier, driven by expansion in its local regulated operations . Net profit, which included one-off gains mainly from the disposal of the Jhajjar Power Station in India, rose 6.6 per cent to HK$5.99 billion . Chairman Michael Kadoorie said the company would invest in reinforcing electricity supply for the Northern Metropolis and support Hong Kong’s inaugural five-year plan and decarbonisation goals tied to national policy . CLP also disclosed that its average net tariff in August was 4 per cent above January levels because fuel costs had risen amid the Middle East conflict and volatile energy markets .
Key Points
- CLP’s underlying profit reached HK$5.73 billion in the first half of 2026, rising 9.7 per cent year on year on stronger Hong Kong regulated earnings .
- Reported net profit increased 6.6 per cent to HK$5.99 billion, helped mainly by one-off gains from selling the Jhajjar Power Station in India .
- Michael Kadoorie said CLP would invest to strengthen electricity supply for the technology-focused Northern Metropolis megadevelopment in Hong Kong .
- Kadoorie linked CLP’s plans to Hong Kong’s inaugural five-year plan, faster decarbonisation, and national energy targets under the 15th national five-year plan .
- CLP said its average net tariff in August was 4 per cent higher than in January because of fuel-cost pressure from Middle East conflict and market volatility .
Why It Matters
CLP’s results highlight how regulated electricity operations in Hong Kong remain a stable earnings base even as global energy markets stay unsettled . The company’s planned investment in the Northern Metropolis and its alignment with national energy planning also show how power infrastructure is becoming central to Hong Kong’s long-term development, cross-border integration, and decarbonisation agenda .