HK Electric Investments is the first fixed single investment trust listed in Hong Kong with a focus on the power industry. Our principal operating subsidiary, The Hongkong Electric Company, Limited (HK Electric), commenced operations in 1890 and is one of the longest-established utility companies in the world.
Over our long history, we have consistently supported Hong Kong's economic journey by offering safe, reliable and affordable electricity while minimising the impact of our operations on the environment as we strive to deliver sustainable growth in long-term value to our investors.
HK Electric Investments believes that open and on-going communication with our stakeholders is central to our operation and development. We engage different stakeholders through a variety of channels and stakeholder suggestions and feedback are highly valued in our decision making process as we strive for continuous improvements.
Underpinned by its core value of "Pursuit of Excellence", HK Electric is committed to delivering excellent services and supply reliability to our customers. We have been providing a world-class supply reliability of over 99.999% since 1997 and all our service standards are achieved or even surpassed every year.
To satisfy the aspirations from the community, and in support of Government’s energy and environmental policy objectives, HK Electric has launched a suite of "Smart Power Services".
HK Electric is one of the longest-established power companies in the world. The Company has a world-class record of providing a highly reliable electricity supply to Hong Kong and Lamma islands at a reasonable and affordable price.
HK Electric Investments is committed to meeting the long-term energy needs and supporting the sustainable development of the community we serve. To do this, we focus not only on powering Hong Kong with a world-class electricity supply, but also on the way we deliver it and the impacts it has on the environment.
HK Electric aspires to be an employer of choice. We have policies and systems in place to attract talents and through continuous training and development, nurture them for a fulfilling career. We offer competitive remuneration, an ideal workplace and comprehensive wellness programmes for our employees while maintaining regular and open dialogues with them.
Shareholders of Hongkong Electric Holdings Limited today approved at an Extraordinary General Meeting (EGM) a proposal by the Board of Directors to change the name of the Company to "Power Assets Holdings Limited 电能实业有限公司", providing an identification which is in line with the Group's business development.
The name change is expected to take effect in mid-February upon approval by the Registrar of Companies in Hong Kong.
A majority of 99.96 percent of shareholders voted in support of the proposed name change at the EGM. The new name reflects the Group's increasingly diverse worldwide interests and its strategic focus on investing in power and utility related businesses outside Hong Kong, with investments in Mainland China, United Kingdom, Australia, New Zealand, Canada and Thailand.
These activities outside Hong Kong have in recent years become a major part of the Group's overall business operations providing increasing profit contributions. Earnings from operations outside Hong Kong are expected to continue to grow following the recent substantial acquisition of a 40% interest in electricity distribution assets in the United Kingdom.
In Hong Kong, the Group will continue to provide electricity through its subsidiary, The Hongkong Electric Company Limited.
About Hongkong Electric Holdings Limited
Hongkong Electric Holdings Limited is the listed vehicle of the Hongkong Electric Holdings Group of companies which includes The Hongkong Electric Company, Limited (HEC) and Hongkong Electric International Limited (HEI). HEC is an electricity utility established in 1889 and is engaged in the generation and supply of electricity to Hong Kong Island and Lamma Island. HEI is the investment arm of Hongkong Electric Holdings Limited with investments in Mainland China, the United Kingdom, Australia, New Zealand, Canada and Thailand.