DNV GL has been selected by CLP Hong Kong to provide a frame agreement for risk management advisory for its global operation.
The frame agreement covers all CLP operations in Hong Kong, Mainland China, Taiwan, India, Southeast Asia and Australia etc. for a period of 2 years with possibility of an extension.
Currently CLP provide electricity to 80% of Hong Kong’s population through its three power stations. Natural gas has been using since 1996 for power generation, which contributes approximately 25% of Hong Kong’s total electricity supply. A Fuel Mix Consultation result was announced by the Hong Kong SAR Government in March 2015 that Hong Kong plans to increase the percentage of natural gas generation to 50% in 2020 in order to meet the pledged environmental targets. With this development with high public demand, CLP is considering different options, including LNG supply, to secure additional gas supply source for the increasing future gas demand.
“Out of the government and the public's growing concern of environment protection and emission reduction, we see the trend that power companies are strategically planning to enhance the proportion of natural gas among their fuel mix. Safety and reliability are as much as critical for these clients to take into account, other than the feasibility and economic consideration of the new gas-oriented solutions, and risk control is a key request. DNV GL has accumulated a wealth of technical expertise and project experience, by virtue of our advanced risk management concepts and tools, we will be committed to facilitate our clients in the power industry who progressively into the "era of natural gas" and contribute to enhance their operational and safety performance.” said Wolfgang Wu, Regional Manager, DNV GL Oil & Gas Greater China.
The frame agreement is co-ordinated by the DNV GL Beijing office with resources from various DNV GL units, including Maritime Advisory. Presently two projects are now underway, and more risk management advisory work is expected as a spin-off from this frame agreement in near future.
“The frame agreement is a key milestone of further strengthening our relationship with CLP, it positions DNV GL as the risk consultant for all CLP operations across Asia Pacific,” said Lee Cho Hing, Head of Department – Safety & Risk Management Advisory China. “DNV GL is the leader of risk management in the industry; the DNV GL’s integrated solution is well adopted by many companies in managing the risk as well as maximising the operational performance.”