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CLP posts HK$5.73 billion underlying profit in first half of 2026

Chairman Michael Kadoorie says company will invest to strengthen electricity supply in Northern Metropolis megaproject

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CLP, which supplies electricity to customers in the New Territories, Kowloon and Lantau Island, says its average net tariff in August was 4 per cent higher than in January. Photo: Elson Li
The CLP office in Mong Kok. The company has posted a HK$5.73 billion profit in the first half of 2026. Photo: Jelly Tse
Theodora Yu
CLP Holdings, the parent company of Hong Kong’s largest energy firm, has posted an underlying profit of HK$5.73 billion (US$730.49 million) in the first half of 2026, a 9.7 per cent year-on-year rise, driven by growth in its local regulated business.
The company also proceeded with a HK$2.5 billion investment to boost the electricity supply for the Northern Metropolis megaproject.

Including one-off gains, mainly from the sale of the Jhajjar Power Station in India, the company’s net profit grew 6.6 per cent year on year to HK$5.99 billion, according to a statement issued on Thursday.

Chairman Michael Kadoorie outlined proposals to support the city’s inaugural five-year plan, accelerate decarbonisation in line with national targets, and invest in strengthening the power supply to the technology-driven Northern Metropolis project.

“We are committed to contributing to a low-carbon, resilient and sustainable energy future that Hong Kong needs for its next phase of growth,” he said.

For the first time, Kadoorie shed light on high-level meetings held earlier this year between CLP and Xia Baolong, director of the Hong Kong and Macau Affairs Office, as well as He Yang, deputy director of China’s National Energy Administration.

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