Hong Kong's Clean Energy Future Will Be Mostly Nuclear, CLP Says [Yahoo! Finance]
CLP HOLDINGS LTD S/ADR (CLPHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Most Read from Bloomberg Singer Akon's Multibillion-Dollar Futuristic City in Africa Gets Final Notice New York City's Outdoor Dining Sheds Will Start Disappearing The 5 Coastal States That Face the Most Devastating Flood Risk Paris Spent €1.4 Billion to Clean Up the Seine. Has It Worked? What a Beautiful Bus Stop Can Do CLP Holdings Ltd. plans to import increasing amounts of clean electricity from mainland China to help Hong Kong meet its goal of making 60%-70% of its energy carbon-free by 2035, Chief Executive Officer T.K. Chiang said in an interview with Bloomberg Television. The majority of that will come from nuclear plants because it's more reliable than intermittent generation from wind and solar farms, he said. “Nuclear power will be more stable and dispatchable,” he said, referring to a plant's ability to adjust generation to meet grid demand. “Renewable energy is intermittent and we would need to have other measures to make sure we have a stable power system.”
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