Smart Power Building Fund

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HK Electric Investments

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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.

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Smart Power Building Fund

Effective from 1 January 2019, the Smart Power Building Fund provides subsidies to building owners for enhancing the energy efficiency performance of building services installations for communal use.

Successful applicants may also apply for the Smart Power Loan Fund (SPLF) which subsidises bank loan interest for approved energy efficiency enhancement projects. For details, please refer to the SPLF webpage.

Eligibility

Buildings

Located within supply area of HK Electric
Not directly owned and operated by the Government*

* Hong Kong Housing Authority and Hong Kong Housing Society housing estates are eligible

Energy Efficiency Enhancement Projects

Retrofitting of building services installations including lighting, air-conditioning, lift, escalator and electrical installations, etc.
Retro-commissioning
Building-based smart technologies

Subsidy

Depending on the types and numbers of buildings, the subsidy amount will be determined based on a percentage rate (i.e. subsidy rate) of the actual project expenditure (including qualified service provider fee) and subject to a cap
The subsidy will be disbursed on a reimbursement basis

Subsidy Rates and Caps


	Subsidy Rate	Cap* on Cumulative Subsidy within 5 years
Category 1 – Multi-owned residential buildings or composite buildings mainly for residential use
1A Without any ancillary facilities such as swimming pool, car park, clubhouse, etc.	Subsidy Rate： 50%	Cap* on Cumulative Subsidy within 5 years：$500,000 $500,000
1B Buildings other than Sub-Category 1A buildings	Subsidy Rate： 25%	Cap* on Cumulative Subsidy within 5 years：$250,000 $250,000
Category 2 – Buildings owned/operated by non-profit-making NGOs for education, community or welfare services; schools and student facilities
2A Whole building	Subsidy Rate： 80%	Cap* on Cumulative Subsidy within 5 years：$500,000 $500,000
2B Premises (i.e. building units) e.g. sheltered workshops, rehabilitation centre, etc.	Subsidy Rate： 80%	Cap* on Cumulative Subsidy within 5 years：$250,000 $250,000
Category 3 – Other than Category 1 and Category 2
3A Multi-owned buildings without central air-conditioning facilities	Subsidy Rate： 50%	Cap* on Cumulative Subsidy within 5 years：$500,000 $500,000
3B Buildings other than Sub-Category 3A buildings	Subsidy Rate： 25%	Cap* on Cumulative Subsidy within 5 years：$250,000 $250,000

* This is the highest cap applicable to one block of building. For an application covering multiple blocks, the cap will be lower with more blocks sharing out. For details, please refer to the Guide to Application.