CLP (HKG:0002) will invest more in Hong Kong and mainland China in its push for greener power generation, Bloomberg News reported Tuesday, citing Chief Executive Officer TK Chiang.
Investments in other areas will need to be self-funded, the report said, citing Chiang's remarks in an interview with Bloomberg TV.
The power company is looking to phase out coal consumption by 2040 and achieve net zero emissions by 2050, the report said.
It is also planning to double its renewable capacity in mainland China to 6 gigawatts over the next four years while its Hong Kong data centers will use more clean energy, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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