CLP Holdings Updates Connected Power Sales Deals with China Southern Power Grid

CLP Holdings ( (HK:0002) ) just unveiled an update.

CLP Holdings has renewed and entered into a series of power purchase agreements and related electricity sale arrangements with China Southern Power Grid Group (CSG Group) in 2025, including contracts for existing projects, a new Sandu wind project phase II, and a high-voltage electricity supply contract for the Bobai wind project, as well as continued Power Exchange Sales involving electricity and green electricity certificates. When aggregated, these continuing connected transactions with CSG Group are expected to result in an annual aggregate cap that exceeds 1% but remains below 5% of the applicable Listing Rules percentage ratios, triggering disclosure and annual review requirements; the company emphasizes that all agreements are conducted in the ordinary course of business and priced on an arm’s length basis, underscoring the strategic importance of cross-border power sales and risk-managed settlement arrangements for its operations in the Chinese mainland market.

The most recent analyst rating on (HK:0002) stock is a Buy with a HK$75.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.

More about CLP Holdings

CLP Holdings Limited is a Hong Kong-incorporated power utility group engaged in the generation, transmission and distribution of electricity, with a significant presence in Hong Kong and the Chinese mainland. The group operates through various project companies and power purchase agreements, focusing on supplying electricity and related services, including cross-border power sales and green electricity transactions, to grid operators and large-scale customers in the region.

Average Trading Volume: 3,735,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$176.2B

For an in-depth examination of 0002 stock, go to TipRanks’ Overview page.