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CLP CEO: Expanding Nuclear Power Supply to HK Will Further Underpin Energy Transition of GBA
2026-03-23 17:33:07 Yesterday (22nd), Chiang Tung Keung, CEO of CLP Group, was invited to speak at the China Development Forum (CDF) 2026 in Beijing on new energy development. Chiang noted that in an increasingly challenging global energy security landscape, diversifying energy sources and strengthening international cooperation on energy development have become critical. Drawing on CLP's experience in energy transition and cross-border green partnerships, he shared three key observations. First, nuclear power as a stable and zero-carbon energy source plays a strategically important role in both energy security and decarbonisation. Since coming into operation, the Daya Bay Nuclear Power Station has delivered over 320 billion kilowatt-hours of zero-carbon electricity to Hong Kong. Expanding the supply of nuclear power to Hong Kong would further underpin the energy transition of the Greater Bay Area (GBA). Second, advancing renewable energy in ways that suit local conditions is a vital pathway for cross-border cooperation. Leveraging Hong Kong's unique position of being backed by the Mainland while connected to the world, CLP has been actively involved in the Belt and Road Initiative (BRI), strengthening regional energy security through cross-border energy connectivity. Third, addressing climate change requires translating decarbonization goals into actionable corporate pathways. CLP established its Climate Vision 2050 as early as 2007, and calls for greater alignment of rules and frameworks across international, national, regional and corporate levels. Looking ahead, Chiang put forward three proposals. First, deepen green energy cooperation under the BRI, with a focus on emerging markets in Southeast Asia, to help Belt and Road countries build low-carbon energy systems. Second, harness Hong Kong's strengths as a "super connector" and "super value-adder" to bridge capital with the Mainland’s low-carbon capacity and technology, strengthening the city as a leading international green finance hub. Third, uphold open international cooperation on energy development, to build a global energy governance system that is fair, inclusive and resilient. ~ AAStocks Financial News Web Site: www.aastocks.com | |