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 announced today (28 August) that any renewable energy power systems (REPS) - solar photovoltaic (PV) or wind power systems - that are installed in the Company's supply area are eligible to apply for HK Electric's Feed-in Tariff (FiT) Scheme with immediate effect. Successful applications with REPS connected to the HK Electric grid will be entitled to receive a FiT rate of $3 to $5 per unit of electricity effective 1 January 2019.
Following the announcement of the FiT Scheme framework in April, HK Electric has received more than 100 enquiries expressing interest in installing REPS, including Ocean Park. The Park plans to install a solar power system consisting of more than 600 monocrystalline silicon PV panels on the rooftop of its Polar Adventure. The installed capacity is expected to be around 200 kW, generating about 200,000 units of electricity every year.
Mr. Wan Chi-tin, Managing Director of HK Electric, joined Mr. Matthias Li, Chief Executive of Ocean Park, on a site visit to look at the availability of sunlight in the proposed location and the type of PV panels selected for the project. The monocrystalline silicon PV panels to be used boast stable performance with the highest conversion efficiency and longest lifespan.
"With the launch of the FiT Scheme, HK Electric will fully support participating organisations and individual customers to install REPS to promote the development of renewable energy (RE) in the community," Mr. Wan said.
He pointed out that with Ocean Park taking the lead to support the scheme, it is a good demonstration which will encourage a wider public participation to achieve the carbon and emission reduction targets set out by the Government. He hoped that the plan would be carried out smoothly.
Mr. Wan revealed that as the new Scheme of Control Agreement will come into effect in January next year, HK Electric will launch a series of "Smart Power Services" schemes to further promote RE development, energy efficiency and conservation in the community. Applying for FiT -- the first launched under the series -- is simple. Any non-governmental organisations or individuals who have installed or planned to install REPS in HK Electric's supply area are eligible to apply. HK Electric has set up a dedicated team to provide professional advice and technical support to customers who are interested.
Customers simply need to submit an application form (which can be downloaded from this website: www.hkelectric.com/FIT-en) together with related documents or apply online via "Account-On-Line" service or "HK Electric Low Carbon App". Installation can commence once approval has been given by HK Electric.
After a satisfactory on-site inspection, HK Electric will install a smart meter and connect the system to the grid. It will purchase all the units of electricity produced, based on the monthly metered output, at the FiT rate of $3 to $5 per unit of electricity (see table below).
Mr. Matthias Li said, "Ocean Park always does its best in environmental protection and ecological conservation. Our sustainability policy ensures our operations have only the lightest possible carbon footprint on the environment. Through the Park's industry-leading carbon footprint reduction plan, we strive to optimise energy efficiency of all facilities to achieve energy savings and reduce emissions. We are glad to participate in HK Electric's FiT Scheme to promote RE in Hong Kong for a sustainable living environment."
"At Polar Adventure, guests will see a variety of unique polar species up-close and the attraction is equipped with numerous interactive educational displays. Among the topics presented are the migration and feeding habits of polar animals; the impacts of global climate change and glacial melting on humans; the concept of carbon footprint and how to reduce it in daily life, as well as the culture of Arctic natives."
"True to the message conveyed by Polar Adventure, Ocean Park adopts a comprehensive set of green measures to offer a world-class, eco-friendly theme park experience to our guests. This includes the use of a state-of-the-art ventilation system to direct residual cool air from inside of Polar Adventure to the plant room and life support system. The air recycling mechanism helps reduce overall energy consumption of the attraction. By participating in the FiT Scheme and setting up a solar photovoltaic system on the rooftop of Polar Adventure, we will further enhance its environmentally-friendly facilities," Mr. Li continued.
Besides Ocean Park, a number of schools and organisations have expressed interest in the FiT Scheme, including Queen Mary Hospital and HKUGA College, both located in the Southern District. Over the past few months, HK Electric has provided advice and assistance to these projects.
Heng Fa Chuen, a large-scale private housing estate located in the Eastern District, has also decided to join the first batch of REPS for the FiT Scheme by installing a small-scale solar system in the estate. It will consider installing more solar panels to increase the system's installed capacity if the pilot project shows satisfactory performance.
In addition to the FiT Scheme, RE Certificates will be introduced in November for customer subscription to support the further development of RE in Hong Kong.
Application details and arrangements of the RE Certificates as well as other "Smart Power Services" schemes will be announced in October. A telephone hotline (2843 3228) and email accounts (renewable energy: RE@hkelectric.com; energy efficiency and conservation: EEC@hkelectric.com) have been set up to provide information and answer customer enquiries. Further efforts will continue to be made to promote the schemes while a close dialogue will be maintained with relevant stakeholders.
Feed-in Tariff Rate (Effective 1 January 2019)
At 10 kW or below
$5 per unit
Above 10 kW but not exceeding 200 kW
$4 per unit
Above 200 kW but not exceeding 1,000 kW
$3 per unit
Above 1,000 kW
Considered on a case by case basis
Mr. Wan Chi-tin (left) and Mr. Matthias Li (right) visit the rooftop of Polar Adventure at Ocean Park to survey the monocrystalline silicon PV panels selected for use in the FiT project.
HK Electric and Ocean Park join hands to support the FiT Scheme to promote the use of renewable energy in Hong Kong.
HK Electric's FiT Scheme is open for application with immediate effect. Customers can download the flyers and application forms from HK Electric's website.
HK Electric will regularly update the website of FiT Scheme to provide necessary information for customers.