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.
As modern families aspire to an eco-friendly lifestyle, HK Electric promises its customers a green and comfortable way of life made possible by the use of electric appliances.
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 has been the power behind Hong Kong for more than 120 years, having established a long and fruitful partnership with the community. While our prime mission is to provide a world-class electricity supply, we focus not only on the results, but also on the way we deliver them.
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 was presented today (21 July) with the Grand Award of the 2017 HKMA Quality Award in recognition of the Company's commitment to developing and deploying total quality management.
The Hong Kong Management Association commended HK Electric's management team for walking the talk and cascading the corporate vision, mission and core values clearly to all levels of the Company's employees. It also complimented the Company for its organisational agility and operational flexibility in adapting to changing circumstances in the strategic planning process, as well as its customer-centric approach in providing customers with a wide range of convenient and tailor-made services.
Speaking at the presentation ceremony, HK Electric's Managing Director, Mr. Wan Chi-tin, said winning the Grand Award this year is especially meaningful as the Company has entered into a new Scheme of Control Agreement with the Government that would take the Company forward for another 15 years to 2033.
Thanking HKMA for granting HK Electric the honour and the panel of judges for their insight, Mr. Wan said: "The competition has given us a chance to review and examine our operations and to benchmark with industry's best practices for further improvements, ensuring that current management standard satisfies the ever-increasing expectations of stakeholders."
To cope with the rapid social development and fast-changing business environment, he pointed out that the Company's management needs to identify changes in a timely manner and constantly plan ahead for future challenges and opportunities with vigilance.
HK Electric has been consistently achieving a world-class supply reliability of over 99.999% in the past 20 years, while maintaining excellent performance in safety, tariff affordability, environmental-friendliness and customer services. These five pillars underpin the Company's success in the power sector.
Mr. Wan pointed out that winning this award would not have been possible without the dedication of the Company's workforce, and the support of its business partners, suppliers and contractors, most of whom share HK Electric's commitment to quality excellence.
"While we are honoured to receive this award, we must also understand that with recognition comes responsibility. In the years to come, HK Electric will remain committed to serving our home city with quality and excellence and providing cleaner energy through the increasing use of natural gas," Mr. Wan concluded.
The Quality Award was first launched in 1991 by the HKMA to recognise organisations that had achieved outstanding standards of quality management. With reference to the "Malcolm Baldrige National Quality Award", the Quality Award assessed companies in seven judging criteria -- Leadership, Strategy, Customers, Workforce, Operations, Results and Measures, Analysis and Knowledge Management.
Mr. James Thompson, Chairman of HKMA (left) and Mr. Helmuth Hennig, Deputy Chairman of HKMA (right) present the Grand Award of HKMA Quality Award to Mr. Wan Chi-tin, Managing Director of HK Electric (middle).
Mr. Wan Chi-tin pledges that in the years to come, HK Electric will remain committed to serving our home city with quality and excellence and providing cleaner energy through the increasing use of natural gas.
HK Electric is presented with the Grand Award of the HKMA Quality Award in recognition of the Company's commitment to developing and deploying total quality management.
HK Electric has been achieving a world-class supply reliability of over 99.999% in the past 20 years.
HK Electric aims at providing excellent customer services at affordable tariffs.
To provide cleaner energy to Hong Kong, HK Electric introduces renewable energy in its power generation.
HK Electric provides reliable power supply through the use of cable tunnel and other technologies.