Hong Kong's CLP mulls expanding nuclear capacity

Related Topics

HONG KONG | Tue Dec 9, 2008 4:55am EST

HONG KONG Dec 9 (Reuters) - CLP Holdings (0002.HK), one of Hong Kong's two electricity producers, said on Tuesday it is studying the feasibility of investing in two nuclear power plants with a combined capacity of 2,000 megawatts.

CLP already owns 25 percent of a nuclear power joint venture at Daya Bay, in the bordering mainland Chinese city of Shenzhen, with partner China Guangdong Nuclear Power Holding.

"We would like to make more investment. Right now it's a feasibility study only. It's not a firm commitment idea," Andrew Brandler, CLP's chief executive officer, told reporters.

The company is looking to generate 20 percent of its power from renewable sources, including nuclear, by 2020, Brandler said. Renewables accounted for more than 5 percent of its energy portfolio at the end of last year, according to its website. (Reporting by Leonora Walet; Editing by Kazunori Takada)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.