No Signs Of Foul Play In Power Cable Bridge Fire: CLP
"); jQuery("#212 h3").html("

"); });
2022-07-06 HKT 22:35
CLP said on Wednesday there were "no obvious signs" of foul play in a fire that swept through a power cable bridge in Yuen Long last month that led to a blackout in the area.
In a detailed report to the government, the power firm said the cause of the fire cannot yet be determined until the full results of various laboratory tests and analyses are available.
It added that hot weather did not appear to be a contributing factor.
CLP said before the bridge burst into flames on June 21, there were no known operational or fault incidents in the power supply system in Yuen Long, Tin Shui Wai and Tuen Mun.
"The cables were operating below their design load limit, and there was no overloading issue," the company said in a statement.
CLP said it agreed with the Fire Services Department and other government departments that "at present there are no obvious signs that the fire resulted from foul play".
The firm said security systems and fire protection equipment at four other cable bridges around the city have been enhanced after the Yuen Long fire.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
