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HK trims power returns cap to 8% amid plans to cut coal

Power tariffs for customers could fall by more than 5% under the new 15-year Scheme of Control

Hong Kong

HONG Kong will cut the size of returns that its power utilities are allowed to make to 8 per cent under a 15-year plan that it hopes will help wean the city off coal while keeping electricity bills down.

CLP Holdings Ltd and HK Electric Investment Ltd signed a new so-...

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