Home > Media Resources > Press Releases > 2016 >

HK Electric's Smart Power Fund Raises the Upper Funding Limit

跳到內容

HK Electric's Smart Power Fund Raises the Upper Funding Limit

24 Nov 2016

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.

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 provide the same level of brightness.

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 provide the same level of brightness.

The old engine of the lift in Tai On Court.

The old engine of the lift in Tai On Court.

With funding from the Smart Power Fund, the old lift engine in Tai On Court is now replaced with a new one.

With funding from the Smart Power Fund, the old lift engine 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 the Company.

The vetting committee of HK Electric's Smart Power Fund comprises representatives from various sectors of the community and the Company.