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 welcomes the announcement today by the Chief Executive that Hong Kong will strive to achieve carbon neutrality before 2050. A spokesman for HK Electric noted that this demonstrates the Government's commitment to combat climate change and contribute positively to global mitigation efforts. "We will offer full support and will discuss with the Government on the best way forward to introduce zero-carbon energy sources and carbon reduction technologies. We will also maintain close dialogues with our stakeholders to ensure that the needs of society are met", the spokesman said. He added that HK Electric is looking forward to the update of the "Hong Kong's Climate Action Plan" for setting a clear direction for long-term decarbonisation, which is essential for HK Electric to advance the Company's planning and commit necessary resources on time.
Meanwhile, HK Electric has been pursuing various decarbonisation initiatives, such as coal-to-gas power generation transition, introducing local renewable energy, promoting electric vehicles adoption, encouraging our customers to participate in the Feed-in Tariff scheme and other energy efficiency & conservation programmes. We expect that around 70% of our electricity will be generated from natural gas in 2023, with room for an all-gas power generation afterwards.