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 adopt "net-zero carbon emissions for electricity generation". Strategies to cease coal-fired power generation by 2035 and substantially increase renewable energy applications have been set out to achieve carbon neutrality before 2050.
A spokesman for HK Electric pledged the Company's full support for the proposed strategies and looked forward to the "The Hong Kong Climate Action Plan 2050", to be announced shortly by the Environment Bureau. "HK Electric would engage with the Government on the best way forward to decarbonise. We will also maintain close dialogues with our stakeholders to promote the sustainable development of Hong Kong", the spokesman said.
The spokesman pointed out that HK Electric has been pursuing various decarbonisation initiatives, including replacing coal-fired generating units with gas-fired generating units and renewable energy. Last year, about 50% of the electricity output came from gas-fired generation, resulting in a 25% drop in carbon emissions compared with the 2005 base year. With more gas-fired units coming on stream, the entire coal-fired power generation fleet would be phased out by the mid-2030s.
The spokesman added that the company has been moving full steam ahead with the development of local renewable energy. Besides introducing the Feed-in Tariff scheme for customers, HK Electric has plans to build a large-scale offshore wind farm in Hong Kong. Meanwhile, the Company remains open-minded about innovative generation solutions and closely keeps track of new energy development, including green hydrogen energy.