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.
HK Electric will be doubling the upper limit of the subsidy granted under the Smart Power Fund in support of energy efficiency projects to HK$400,000 effective 1 January 2017. And under special and justified circumstances with great improvement potential in energy efficiency, funding can be up to HK$500,000.
Launched in 2014, the Smart Power Fund was set up to subsidise, on a matching basis, owners of residential buildings seeking to carry out energy efficiency enhancement works.
HK Electric's General Manager (Corporate Development), Mr. Yee Tak-chow, said, “HK Electric is committed to educating the public on the smart use of energy and we hope that by raising the funding limit, it would make possible additional measures in improving the energy efficiency of the buildings. We noted that residents in older residential blocks may not be too familiar with energy efficiency so we will continue to explore ways to support these buildings further.”
To date, the Fund has approved 28 projects across Hong Kong Island, from the installation of T5 fluorescent tubes and LED lighting in the common area, to the replacement of "Grade 1" energy labelled air-conditioning and the renewal of lift motors, etc., with total funding in excess of HK$4.6 million. Four of the approved projects have been completed.
One such beneficiary, the 44-year-old Yick Fat Building in Quarry Bay had recently used the subsidy to complete lighting enhancement works to replace about 500 fluorescent tubes with the more energy-efficient T5 tubes.
Chairlady of the incorporated owners committee, Ms. Annie Lee, said she was fully satisfied with the enhancement works.“Overall, it is more environmentally-friendly. Not only is energy saved, but the common area in the building is also brighter. This is of course better for our elderly residents,”she said.
“We only spent about seven to eight months from fund application to completion of the project, and now we are able to save close to 40% of power consumption for our lighting system,”she added.
The refurbishment works at Tai On Court in Shau Kei Wan was more complex. With the approved funding, the building replaced two 30-year-old lifts, and parts that help enhance energy efficiency, including new motors and the control system were partially subsidised.
Mr. Wong Hok-ming, a Qualified Service Provider, explained that the new lifts now had artificial intelligence system. When no one is using the lift, the facilities inside -- including the lighting and ventilation -- would temporary shut down to reduce power consumption. After replacement, the consumption has dropped by up to 30 per cent.
The vetting committee of the Fund comprises representatives from various sectors of the community and HK Electric. It includes the Past President of the Hong Kong Association of Energy Engineers, Mr. Colin Chung Chi-Leong; the Founder and Executive Director of the Green Earth, Mr. Edwin Lau Che-feng; the Chairperson of the Community Building and Housing Affairs Committee of Wan Chai District Council, Ms. Peggy Lee Pik-yee; the Chairman of the Planning, Works and Housing Committee of Eastern District Council, Mr. David Leung Kwok-hung; the Professor from the Department of Mechanical Engineering of University of Hong Kong, Mr. Dennis Leung Yiu-Cheong; the Chairman of the Food, Environment, Hygiene and Works Committee of Central and Western District Council, Ms. Siu Ka-yi and HK Electric's General Manager (Corporate Development), Mr. Yee Tak-chow, and General Manager (Public Affairs), Ms. Mimi Yeung.
The new funding limit will be effective from 1 January 2017, with quarterly application deadlines on 31 March, 30 June, 30 September and 31 December until the end of 2018 or until the fund is fully disbursed. Application results will be announced within three months after each deadline.
Details of the Fund and application forms are available at HK Electric's website www.hkelectric.com/smartpowerfund, or via the enquiry hotline at 2887 3455.
Chairlady of the incorporated owners committee of Yick Fat Building, Ms. Annie Lee (Centre) explains how the more energy-efficient T5 fluorescent
tubes subsidised by HK Electric's Smart Power Fund have
helped save energy.
After using T5 fluorescent tubes, the lobby of Yick Fat Building is now brighter. In some parts of the
building, two instead of three tubes are already enough to
same level of brightness.
The old engine of the lift in Tai On Court.
With funding from the Smart Power
Fund, the old lift
in Tai On Court is now replaced with a new one.
The vetting committee of HK Electric's Smart
Power Fund comprises representatives from various sectors of the community and