Hong Kong’s CLP Seeks Acquisitions to Diversify, Expand in India
- CLP considering purchase of solar, wind, hydro projects
- Company “very keen” to enter power transmission in India
Power and utility cables hang from a pole in Khilona Wala Bagh slum cluster in New Delhi on Tuesday, Sept. 6, 2017. Slum dwellers steal electricity and refuse to pay their bills, so the Tata Power Co.’s joint venture with the Delhi state government hired women living in the slums to go around the slums, knocking on neighbors’ doors and persuading, coaxing, cajoling and nagging them to pay their power bills.
Photographer: Prashanth Vishwanathan/BloombergHong Kong’s largest power utility CLP Holdings Ltd. is scouting for more renewable power projects in India at a time when conventional generators are coping with stranded projects and under utilization.
CLP India Pvt. is eyeing run-of-the-river hydro power projects, solar and wind capacities as well as efficient coal-based power generation units located near coal mines, which helps to lower costs, according to company executives.