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

Chairman Michael Kadoorie says company will make investments to strengthen electricity supply in 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 company statement issued on Thursday.

CLP 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 the National Energy Administration.

“These meetings provided an important opportunity to reaffirm CLP’s long-term commitment to Hong Kong and the Chinese mainland, and to exchange views on the evolving energy landscape, including CLP’s role in safeguarding electricity supply amid a complex international environment, and supporting the national energy blueprint set out in the 15th national five-year plan,” he said.

Kadoorie added that CLP had set up an office in Qianhai, Shenzhen, to support its strategic positioning in the Greater Bay Area.