CLP and Renewable Energy in Asia May 2010 Andrew Brandler CEO CLP Holdings
Disclaimer This presentation contains some comments about future events including our expectations about the performance of CLP Group's business. The comments are not audited and are based on a number of factors that we cannot control. We cannot be certain that the comments will be accurate or complete and so they should not be relied on. As circumstances change we will update our website at www.clpgroup.com and, where relevant, notify the Hong Kong Stock Exchange. 1
Global Energy Challenge How to provide energy necessary for social and economic development, yet avoid serious environmental impacts? 2
CLP Group Portfolio – Cross Regional Presence CHINESE MAINLAND – 6,579 MW INDIA – 2,421 MW � Largest external investor in electricity industry � Largest foreign investor in � Diversified portfolio electricity industry - Coal � Top investor in wind - Nuclear � Diversified portfolio: - Hydro - Coal - Wind - Gas - Biomass - Wind HONG KONG – 6,908 MW � Vertically integrated power company - Generation SOUTHEAST ASIA – 853MW - Transmission & Distribution � Largest shareholder in EGCO, - Retail Thailand after EGAT � Largest HK Power Utility � JV with Mitsubishi in Thailand - 2.2 million customers and Taiwan - Supplying 80% of HK’s population � Development of 2 coal projects in Vietnam AUSTRALIA –3,188 MW � Largest foreign investor in electricity industry � No. 2 Private Generator � No. 3 Private Retailer 3
Our Manifesto to Climate Change CLP’s Climate Vision 2050 CO 2 Emissions Towards The Non-carbon Renewable Intensity Future Emitting Energy <1% RE 2004 0.83 Nuclear 11% RE 2009 15% Non-carbon (kg CO 2 /kWh) 0.8 20% By 2010 (kg CO 2 /kWh) Natural Gas Non-carbon ~5% 0.7 2020 (kg CO 2 /kWh) Clean Coal >45% 0.45 2035 (kg CO 2 /kWh) Energy Ongoing Efficiency & >75% Review of Conservation 0.2 Target (kg CO 2 /kWh) 2050 4
Climate Vision 2050 Five major initiatives to implement our climate commitment � Renewable Energy � Nuclear Power − Largest external investor in RE both − Obtained approval to extend the Daya Bay in China and India joint venture through to 2034 − Exploring solar energy projects – − Looking to extend our involvement in with first project in Thailand to start nuclear energy in China construction in June � Clean Coal Technology − Secured Environmental Permit to develop a 200MW offshore wind − Using latest efficient technology for any farm in Hong Kong new coal-fired plant that we build − Looking at ways to reduce emissions at � Natural Gas Yallourn in Victoria, Australia through experimental coal drying and CCS − Participating in measures to bring projects additional, long-term supplies of natural gas to HK to move to a � Energy Efficiency and Conservation +/- 50% target for Hong Kong electricity supply − Carried out over 800 energy audits for − Commissioned a new 420MW CCGT large customers in Hong Kong and plant in Australia which is amongst extended such services services to Hong the most efficient fossil-fuelled Kong-owned manufacturers in Guangdong power station in Australia − Offer energy efficiency services to our customers in Hong Kong and Australia 5
Powering Asia Responsibly …Different Energies, Different Markets � Different markets offer different � Different Energies opportunities − Wind and hydro power − Wide variances in national or local making the major policy support contribution to the growth of RE capacity in Asia Solar Tariff Wind Hydro Bioenergy Renewable Energy Targets − Solar gradually moving 450 25% Maximum Feed-in Tarrif Available (USD/MWh into commercial scale 400 deployment 20% 20% 20% Renewable Energy Targets 350 (various deadlines) − Large-scale deployment of 300 15% clean coal technology, 250 absent significant policy 10% 10% 200 10.60% 10% and technological 150 development, is unlikely in 100 5% the near to medium future 50 2% 0 0% China India Thailand Australia Hong Kong Indonesia - There are no national feed-in tariffs for Solar in China at present - Indonesia and Hong Kong do not offer feed-in tariffs for renewable generation at present - In Australia, wholesale tariff in Victoria, South Australia, Queensland, New South Wales and Tasmania is determined by National Electricity Market 6
Our Footprints Renewables Portfolio ~2,000 Equity MW CHINA – total 1,378 MW INDIA – total 446 MW Operational Operational � Khandke Wind Wind 534 MW 50/50 MW (w) � Samana Wind-I Hydro 156 MW 50/50 MW (w) � Samana Wind-II Biomass 12 MW 38/38 MW (w) � Saundatti 21/21 MW (w) � Changdao 27/12 MW (w) � Theni China 21/21 MW (w) � Weihai I & II 69/31 MW (w) Construction � Nanao II 45/11 MW (w) � Samana Wind-II 12/12 MW (w) � Shuangliao I&II 99/49 MW (w) � Saundatti 62/62 MW (w) � Rongcheng 49/24 MW (w) � Andhra Lake 114/114 MW (w) � Datong 49/24 MW (w) � Theni 78/78 MW (w) � Laizhou 41/18 MW (w) India � Changling II 50/22 MW (w) Thailand � 3 Shandong 149/73 MW (w) � Qujiagou 49/12 MW (w) AUSTRALIA – total 142 MW � Mazongshan 49/12 MW (w) Operational � CGN Wind � Bluff Point 246 MW (w) 65/33 MW (w) � Huaiji � Cathedral Rocks 125/106 MW (h) 66/16 MW (w) � Dali Yang_er � Studland Bay 50/50 MW (h) 75/37 MW (w) � Boxing Biomass 15/12 MW (b) Construction � Waterloo 111/56 MW (w) Construction Wind 346 MW Hydro 330 MW THAILAND – total 60 MW � Rongcheng II /III 99/49 MW (w) Operational � 3 Shandong 149/73 MW (w) � Small Biomass 33/3 MW (b) � Qian’an 50/50 MW (w) Construction Australia � Nanao III 15/4 MW (w) � Solar project 55/21 MW (s) � CGN Wind 170 MW (w) � Nam Theun 2 1,087/36 MW (h) � Jiangbian 330/330 MW (h) Wind projects (w) Hydro projects (h) Biomass projects (b) Solar project (s) 7 • Station Name Gross MW / CLP Equity MW
CLP Group Renewables Portfolio Equity Capacity Hydro (522 MW) � 3 hydropower projects in China (486MW) � 1 hydropower project in Wind (1,468 MW) Laos (through EGCO) (36MW) � 22 wind farms in China (464 MW) Biomass (15 MW) � Strategic investor in CGN � 1 plant in China (12MW) Wind in China (416MW) � 3 plants in Thailand (through EGCO) (3MW) � 4 wind farms in Australia (142 MW) � 6 wind farms in India (446 MW) Solar (21 MW) � 1 solar project in Thailand (21MW) � Various solar opportunities in Australia and India Geographical and fuel diversity 8
China Our Portfolio ������������ � Largest external investor in the RE sector in China ����� �������� �������� ������ � Repositioning of our portfolio ����� ����� ����� �� ��� towards low carbon generation ������� ����� ������ ������� �������� � CLP has 1,378 Equity MW in ������� ����� operation or under construction ������� ����� ����� �� ����� − 31 Mar 10 cumulative investment of ���� ����� ������� ���� ~HK$3.9 billion with total commitment ��������� �������� ������� of ~HK$4.4 billion ����� ������� ������ − Included strategic stake in CGN Wind ������ ��������� ������� Wind projects Hydro projects Policy Target ������ Biomass project � Renewable Energy Law provides for robust regulatory framework and Disciplined growth in wind energy ancillary infrastructure facilitation � Continue to develop majority-owned � NDRC targets increase in renewable projects consumption to 15% by 2020 � Build out expansion of existing minority- owned project sites � Strategic acquisition in CGN Wind 9
India Our Portfolio � Largest wind investor / developer in India (foreign or domestic) � A portfolio of 446MW wholly-owned wind projects and significant development pipeline − 180MW in operation − 152MW commissioning by 2010 − 114MW commissioning by 2011 � 31 Mar 10 cumulative investment of ~HK$1.3 billion with total commitment of ~HK$1.8 billion Government policies � RE Law – nationwide review of industry with long-term targets for Renewable Purchase Obligations, Tariff-Fixing mechanisms, inter-state trading � New Generation Based Incentive Scheme provides additional top up tariff for wind projects Theni � National Solar Mission to provide attractive framework for Solar Thermal and PV projects Wind projects 10
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