CLP (HKG:0002) Provides Info on HK Biz to LegCo Panel

   Date:2012-02-07

CLP Holdings (HKG:0002) says that its wholly-owned subsidiary, CLP Power Hong Kong Limited, has provided certain information relating to its Hong Kong electricity business to the Panel on Economic Development of the Legislative Council (LegCo) of Hong Kong.

The information included a breakdown of CLP Power's capital expenditure in 2011, which totalled HK$8.044 billion. The capital expenditure included HK$2.359 billion for "Emission Reduction Project" and "Other generation related projects" and HK$4.494 billion for "Transmission & Distribution System".

Amongst other items, information relating to the capital expenditure during 2011 has been requested by the panel on a non-confidential basis to assist them in their understanding of the 2012 Tariff Review. However, prior to the announcement scheduled for 27 February 2012 of CLP Holdings' financial results for the year ended 31 December 2011 this information had not yet been publicly disclosed.

In the circumstances, CLP Holdings has decided that, in accordance with its commitment to the principle of fair disclosure of information relating to its activities, the information provided by CLP Power to the panel relating to capital expenditure during 2011 should be made publicly available.



 
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