Hong Kong's CLP Seeks acquisitions to expand in India

CLP India's focus on cleaner generation reflects the parent's commitment to reduce emissions as well as an increasingly competitive power market in India

Hong Kong’s largest power utility CLP Holdings Ltd. is scouting for more renewable power projects in India at a time when conventional generators are coping with stranded projects and under utilization.

CLP India Pvt. is eyeing run-of-the-river hydro power projects, solar and wind capacities as well as efficient coal-based power generation units located near coal mines, which helps to lower costs, according to company executives.

“We have a global climate commitment and our ability to increase emissions is pretty limited,” said Amarthaluru Subba Rao, executive director for finance and strategy at CLP India. “So we would keep looking at opportunities within our