CLP Group - History

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:

    “Properly speaking, history is nothing but the crimes and misfortunes of the human race.”
    —Pierre Bayle (1647–1706)

    “Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.”
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)

    “What would we not give for some great poem to read now, which would be in harmony with the scenery,—for if men read aright, methinks they would never read anything but poems. No history nor philosophy can supply their place.”
    —Henry David Thoreau (1817–1862)