CLP (HKG:0002) expects electricity demand in mainland China to keep rising in the second half, potentially lifting full-year growth to as much as 6%, The Standard reported Monday, citing CEO Chiang Tung-keung.

The increase could help ease downward pressure on power prices, Chiang said at the company's interim results briefing.

According to the report, Chiang said a new electricity pricing mechanism in China, effective June 1, has limited short-term impact on CLP's existing assets, as it only applies to new renewable projects.

The company is also eyeing expansion into new markets, with Taiwan named a priority, it added.

It expects 18 new data centers to be launched between 2024 and 2028, with six of them already commencing operations from last year to the first half of this year, the report said.

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