History
Founded in Hong Kong in 1901 as China Light & Power Company Syndicate with capital provided by Shewan Tomes and Company and the Kadoorie family, by 1919 it had established a power station and was supplying electricity for street lights in Kowloon.
The Kadoorie family joined the CLP board of directors in 1930 and may retain control of the company today.
In 1983 the company established a 25/75 joint venture with Guangdong Nuclear Power for the construction and operation of the Daya Bay Nuclear Power Plant.
On 6 January 1998, CLP Holdings Limited replaced China Light & Power Company, Limited as the new holding company listed on the Stock Exchange of Hong Kong.
As of 2009, CLP Group is a constituent of The Global Dow and the Dow Jones Sustainability Index.
Read more about this topic: CLP Group
Famous quotes containing the word history:
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (1826–1877)
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)
“It is the true office of history to represent the events themselves, together with the counsels, and to leave the observations and conclusions thereupon to the liberty and faculty of every man’s judgement.”
—Francis Bacon (1561–1626)