CLP Holdings, the parent company of a top Hong Kong energy firm, has posted a HK$5.73 billion (US$730.49 million) underlying profit in the first half of 2026, a 9.7 per cent year-on-year rise, driven by growth in its local regulated business.
Its chairman also said the company planned to invest in boosting the electricity supply for the Northern Metropolis megaproject.
Including one-off gains, mainly from the sale of the Jhajjar Power Station in India, the company’s net profit grew 6.6 per cent year on year to HK$5.99 billion, according to a statement issued on Thursday.
CLP Holdings chairman Michael Kadoorie outlined proposals to support the city’s inaugural five-year plan, accelerate decarbonisation in line with national targets, and invest in strengthening the power supply to the technology-driven Northern Metropolis project.
“We are committed to contributing to a low-carbon, resilient and sustainable energy future that Hong Kong needs for its next phase of growth,” he said.
For the first time, Kadoorie shed light on high-level meetings held earlier this year between CLP and Xia Baolong, director of the Hong Kong and Macau Affairs Office, as well as He Yang, deputy director of China’s National Energy Administration.
“These meetings provided an important opportunity to reaffirm CLP’s long-term commitment to Hong Kong and the Chinese mainland, and to exchange views on the evolving energy landscape, including CLP’s role in safeguarding electricity supply amid a complex international environment, and supporting the national energy blueprint set out in the 15th national five-year plan,” he said.
