DNV GL wins frame agreement with CLP Hong Kong

DNV GL, the technical advisor to the oil and gas industry, has been awarded a framework agreement by CLP Hong Kong to deliver risk management advisory services for its Asia Pacific operations. Projects are already underway, with several more projects expected within 2015.

The term of the contract is two years, with an option for further extensions. The frame agreement covers all CLP operations in Hong Kong, mainland China, Taiwan, India, South East Asia and Australia.

CLP provides electricity to 80% of Hong Kong’s population through its three local power stations. It plans to increase its reliance on natural gas in line with a Hong Kong government environmental target to double generation to 50% in 2020. CLP is considering different options, including LNG supply, to secure additional gas supply for increasing future gas demand and calls for a cleaner energy mix.

“Power companies are strategically planning to enhance the proportion of natural gas among their fuel mix to meet reduced emission targets and alleviate growing public concern on environmental protection,” said Wolfgang Wu, regional manager, Greater China for DNV GL – Oil & Gas. “We are committed to supporting customers in all aspects of risk management in this new era of natural gas. Our integrated solutions and advanced risk management concepts and tools will enhance both operational and safety performance.”