ELECTRICITY

CLP wants bigger slice of retail power market

HONG Kongs biggest power company, CLP Holdings, hopes to start selling electricity to households ...

CLP wants bigger slice of retail power market

Corporate strategy and risk executive director Carl Botto told Bloomberg that CLP wants to enter NSW as soon as rules on retail price caps change and Queensland in mid-2007, when the state allows its 1.7 million householders to choose their own supplier.

CLP currently has about 1 million electricity and gas customers, mainly in Victoria and South Australia.

Speaking at an electricity generation conference in Sydney this week, Botto said the company would continue expanding its retail and generation bases in Australia.

He added that CLP’s Australian Unit, called TRUenergy, wants to soon start exercising its right to develop a 400 megawatt power station near Wollongong, south of Sydney.

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