CLP HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CLP has placed on its website certain information relating to its Hong Kong electricity business which has been provided to the Panel on Economic Development of the Legislative Council of Hong Kong.
Today, CLP Power Hong Kong Limited (CLP Power), a wholly-owned subsidiary of CLP Holdings Limited (the Company) has provided certain information relating to its Hong Kong electricity business to the Panel on Economic Development of the Legislative Council of Hong Kong (the Panel). This information was provided at the request of the HKSAR Government.
Certain elements of this information were confidential and commercially sensitive, and were expressly identified as such. The information was provided by CLP Power to the Panel subject to arrangements intended to maintain the confidentiality of this information.
Amongst other items, information relating to CLP Power's estimated capital expenditure in 2015 has been requested on a non-confidential basis to assist the Panel in their understanding of the 2016 Tariff Review. However, prior to the announcement scheduled in February 2016 of the Company's financial results for the year ended 31 December 2015, CLP Power's estimated capital expenditure in 2015 had not yet been publicly disclosed.
In the circumstances, the Company has decided that, in accordance with its commitment to the principle of fair disclosure of information relating to its activities, the information provided by CLP Power to the Panel relating to the estimated capital expenditure in 2015 should be made publicly available and is therefore set out in the attached table.
Investors are advised to exercise caution in dealing in the shares of the Company.
This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).
By Order of the Board
April ChanCompany Secretary
Hong Kong, 15 December 2015
中 電 控 股 有 限 公 司
CLP Holdings Limited(incorporated in Hong Kong with limited liability)
(Stock Code: 00002)
The Directors of the Company as at the date of this announcement are:
Mr Andrew Brandler and Dr Y. B. Lee
Mr Nicholas C. Allen, Mr Vincent Cheng,
Mrs Fanny Law, Ms Irene Lee and Mrs Zia Mody
Estimated Capital Expenditure in 2015
Categories (HK$ million) | 2015 |
(A) Power Generation System | 2,455 |
(B) Transmission & Distribution System | 4,913 |
(C) Customer and Corporate Services Development | 207 |
Grand Total (A + B + C) | 7,575 |
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