Dividend History and Financial Overview
Mainland China - Performance and Capacity
Earnings and performance
MW
•
Higher earnings from Yangjiang were mainly due to higher 10,000
generation, while lower earnings from Daya Bay were mainly
due to planned refuelling outage in March and April 2021
8,000
CLP capacity (1) in Mainland China
•
.
Lower earnings from renewables mainly due to lower hydro 6,000
resource and loss on divestment of its minority-owned 24.5%
4,000
interest in the aging Mazongshan and Qujiagou wind farms in
the Liaoning province in March 2021, partially offset by the 2,000
contribution from Laiwu III Wind commissioned in September
2020
Earnings from Fangchenggang remained positive, benefitting
from higher demand as well as rewards for active participation
in market sales and final settlement of excess generation. This is
offset by higher coal costs due to ongoing government measures
to control local production
Total receivables relating to the unpaid renewables national
subsidy from our subsidiaries increased to HK$2,189 million
(Dec 2020: HK$1,774 million). Consistent with the experience in
past few years we expect higher settlements in the 4th quarter
End of co-operation period of minority owned Shiheng coal
(370 equity MW, part of our Shandong assets) by end of 2021
when the asset will be transferred to the majority shareholder
CLP ● 中電120
years 同行望遠
of shared vision
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Jun-21
Thermal Nuclear Renewable PSDC Under construction
(1) Equity basis plus long-term capacity and energy purchase arrangements
Business development opportunities
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CLP's first grid-parity windfarm in China, Qian'an III Wind (100MW with
5MW battery storage system) in Jilin commenced site construction in
March 2021, target for full commissioning by 1H2022
Fangchenggang Incremental Distribution Network (through TUS-CLP joint
venture) began electricity supply to customers and is building customer
base steadily as well as broadening its range of services
In June, CLP secured a contract to upgrade the centralised cooling
system at Po Park Shopping Plaza in Guangzhou, and to operate cooling
services until 2036. It is the first integrated cooling system provisioning
and services project for CLP in the Greater Bay Area
Actively explore smart energy projects (centralised cooling, data centre,
EV charging) in line with our strategy in the Greater Bay Area
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