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Daya Bay power contract extended

Govt Press Release

Cheaper electricity is projected after the Executive Council today approved CLP Power’s contract extension for the supply of electricity from Daya Bay Nuclear Power Station for another 20 years from May 7, 2014.

The projected average unit price of nuclear electricity from Daya Bay is expected to fall up to 12% under the deal.

The Memorandum of Understanding on Energy Co-operation signed between the Government and the National Energy Administration last August saw the backing of the 20-year extension. The supply quantity will be no less than the current level in principle while pricing will be agreed on commercial principles.

Secretary for the Environment Edward Yau said the extension will benefit both consumers and the environment.

“[It] provides an assurance of electricity supply at reasonable and affordable prices for Hong Kong consumers, and also a continued supply of cleaner electricity to Hong Kong, which will help alleviate air pollution and greenhouse gas emission locally,” he said. “This is in line with our policy intention to use cleaner fuel for electricity generation under the current consultation on the review of the Air Quality Objectives.”

Electricity Consumption

Terajoule

Year Month

Domestic

Commercial

Industrial

Street lighting

Exports to the mainland of China

All groups

2006

35 428

95 370

14 015

391

16 300

161 504

2007

36 422

97 155

13 104

391

14 527

161 598

2008

37 100

97 672

12 182

391

12 789

160 134

2008 Jun

3 460

8 932

1 010

30

556

13 987

Jul

4 434

9 566

1 149

31

963

16 143

Aug

4 639

9 338

1 070

31

978

16 057

Sep

4 805

9 336

1 079

34

1 058

16 313

Oct

3 391

8 837

1 023

35

822

14 108

Nov

2 307

7 650

916

32

1 074

11 979

Dec

1 907

7 238

957

36

1 122

11 260

2009 Jan

2 187

6 800

807

35

615

10 445

Feb

2 375

6 490

693

32

1 015

10 605

Mar

2 312

7 429

888

33

1 086

11 749

Apr

2 155

7 445

953

31

1 040

11 624

May

3 035

8 538

943

29

1 125

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