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.
The local fishing industry today sailed into a low carbon era with some 500 vessels and mariculture rafts taking part in a programme sponsored by HK Electric, a subsidiary of Power Assets, to use micro-photovoltaic (PV) panels to harness solar energy for daily operations.
A milestone for applying renewable energy (RE) in the fishing sector, the project covers vessels of various lengths around the territory as well as mariculture rafts. Every vessel will be equipped with two PV panels, each of 30 watts, and the first batch of over 100 vessels have already had panels installed which can generate green electricity for electrical appliances on board.
HK Electric's Director of Engineering (Planning and Development), Mr. Wan Chi-tin, said fishermen live at sea and care very much for the environment. However, only a few could afford to turn to renewable energy.
"We have all along supported the wider application of RE in Hong Kong and believe that this green action by fishermen is worth supporting, hence our decision to sponsor $1 million to fund the installation of PV panels on about 500 fishing vessels and mariculture rafts," Mr. Wan said, adding that the panels offered environmental, operational and financial benefits.
Solar power is emission-free and the panels can produce a total of over 30,000 units of green electricity a year. If not for RE, it is expected that fishermen will have to consume over 9,000 litres of diesel oil to produce the same output and generate over 20 tonnes of carbon dioxide (CO2) emissions.
The installations also provide extra convenience for small vessels. Stored in batteries, solar energy can power basic operations of small vessels even when it is docked, without the diesel-powered engine left idling. Some fishermen said they could save 100-200 litres of diesel oil for one vessel and savings in fuel costs of about $1,000 a month, in addition to cutting down on CO2 emissions by 400 kilogrammes. If 100 vessels achieve similar savings, the total CO2 reduction can reach 400 tonnes a year.
Fishermen representatives said the PV panels are easy to install and help reduce operational costs. They thanked HK Electric for providing them with an opportunity to help protect the environment.
Mr. Wan hopes fishermen could share their experience with others after joining the programme. "In moving towards a low carbon economy, RE is becoming more important as an alternative source of energy. At HK Electric, we have plans to expand the application of both wind and solar energy."
Work is in progress to expand the 550 kilowatt solar power system at Lamma Power Station, the largest of its kind in Hong Kong, to a one megawatt facility which can generate over 1.1 million units of electricity a year. The existing system has generated over 730,000 units of electricity in its first year, exceeding design targets by 18% and reducing CO2 emissions by 610 tonnes.
Mr. Wan added: "Apart from harnessing solar energy, HK Electric is also keen to apply wind energy on a larger scale with the development of an offshore wind farm in the southwest of Lamma Island. The project has made good progress in the past year and we are going to set up a wind monitoring station at the site next month with a view to commencing data collection by the end of the year."
Mr. Wan said HK Electric would continue to keep in close dialogue with fishermen to hear their views and concerns related to the project.
HK Electric's Director of Engineering (Planning and Development), Mr. Wan Chi-tin (left) said about 500 fishing vessels and mariculture rafts will benefit from the programme sponsored by HK Electric to install mirco PV panels to harness solar energy for daily operations.
Mr. Wan (third from right) presents a $1 million cheque to representatives of fishermen groups, symbolizing a milestone for applying RE in the fishing sector.
Mr. Wan said work is in progress to expand the solar power system at Lamma Power Station, while the Company's offshore wind farm project has also made good progress and a wind monitoring station will be set up at the site in August.
Mr. Cheng Fu-wai, a fisherman representative, supports RE and hopes more fishermen can join forces to protect the environment. The PV panels generate green electricity for electrical appliances on board, saving fuel cost of about $1,000 a month while also cutting down carbon dioxide emissions by 400 kilogrammes.
The 500 sets of panels can produce over 30,000 units of green electricity a year.