Digitalisation and electrification in parts of Hong Kong’s economy have brought growth opportunities as well as decarbonisation challenges, according to the head of CLP Holdings, the larger of Hong Kong's two power utilities. CEO Chiang Tung-keung told the Post that he attributed half of CLP’s 2.5 per cent power sales growth in the city to record-high temperatures that increased demand for air conditioning. He linked the other half to economic expansion, infrastructure construction, digitalisation and electrification. Chiang, who joined CLP in 1988 as a graduate trainee, became CEO a year ago. He said his biggest challenge now is leading CLP’s energy transition to achieve its goal of net-zero emissions by 2050.
