OREANDA-NEWS. June 18, 2014. CLP Power Hong Kong (CLP Power) announces the launch of the CLP Eco Building Fund, a scheme to subsidise improvement works that enhance energy efficiency in the common areas of residential buildings and their nearby ancillary facilities.

The initiative comes under an agreement reached with the government in the 2013 Interim Review of the Scheme of Control Agreement (SCA), under which CLP Power will channel its shareholders’ earnings to set up the CLP Eco Building Fund. This funding will be received under
the energy efficiency incentive mechanism of the SCA, as the company fulfils its performance from 2014 until expiry of the current term of the SCA in 2018.

The payouts are estimated to total around USD70 million, that means the fund will have about USD 17 million each year to implement energy efficiency improvement works.