Legislative Council Panel on Economic Services Paper : CLP Power Hong Kong Limited's Financial Plan 1999 - 2004

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Introduction

Members were briefed at the meeting of the Panel on 20 December 1999 on Government's decision for CLP Power Hong Kong Limited (CLP) to exercise the five-year deferral option to defer installation of Units 7 and 8 at Black Point Power Station from 2003 and 2004 to 2005 and 2006 respectively, and to sell the 442 megawatts of diesel-fired turbines decommissioned in 1997 for the benefit of consumers. The Administration has since further reviewed other aspects of CLP's Financial Plan 1999-2004 and consulted the Executive Council.

Latest Development

2. At the meeting of the Executive Council held on 30 May 2000, the Council considered CLP's Financial Plan 1999 to 2004. Details of CLP's proposals, the Administration's assessment and the Executive Council's decision are set out in the attached Legislative Council Brief.

Economic Services Bureau
June 2000