CLP Holdings Updates Connected Power Sales Deals with China Southern Power Grid
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CLP Holdings has renewed and entered into power purchase agreements with China Southern Power Grid for 2025, including contracts for existing projects and new initiatives like the Sandu wind project phase II. These transactions are expected to exceed 1% but remain below 5% of applicable Listing Rules, necessitating disclosure. The agreements are conducted at arm’s length, highlighting the importance of cross-border power sales. Analysts rate CLP Holdings stock as a Buy with a target price of HK$75.00, and the company has a market cap of HK$176.2B.
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