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Interim Report 2016
In order to obtain secure and competitive long term gas supply, HK Electric and CLP
Power Hong Kong Limited are jointly conducting an Environmental Impact Assessment
as part of the overall feasibility study on constructing an offshore LNG terminal using
floating storage and regasification unit technology in Hong Kong waters for receiving
liquefied natural gas from overseas. If the project receives Government approval,
the terminal will provide direct access to and enhanced bargaining power in the
international market for gas supplies. It will support our long-term goal to increase the
use of natural gas to generate electricity locally, allowing us to enhance the security
and reliability of natural gas supply.
Consistently Dependable Performance
With milder weather in 2016 compared to 2015, unit sales for the first six months of
2016 were 0.8% lower compared with the same period last year.
HK Electric has consistently achieved excellence on two important metrics for
the energy industry: supply reliability and customer service. This is the twentieth
consecutive year that we have maintained a supply reliability rating of over 99.999%,
with customers facing under one minute of unplanned power interruption on average
per year since 2009. We once again met or surpassed all eighteen of our pledged
customer service standards during the period.
During the first six months, natural gas comprised over 30% of our fuel mix, with the
remainder consisting mainly of low-sulphur coal. Emissions of sulphur dioxide (SO
2
),
nitrogen oxides (NOx) and respirable suspended particulates (RSP) remained well below
statutory levels.
Building a Greener Hong Kong
We progressed a number of community initiatives to help transform Hong Kong into
a low-carbon city. With an annual injection of close to HK$5 million, our Smart Power
Fund provides subsidies to owners of ageing residential buildings to implement energy
efficiency works or upgrades. Since the inception of the Fund in 2014, a total of 23
projects have been approved. On the education front, our Green Energy Dreams Come
True programme provided funding support and technical advice to 12 schools to
develop their innovative green energy projects on campus.
Electric vehicles (EV) are a key element in our strategy to support the community’s
efforts to improve roadside air quality. During the first six months we strengthened
our technical and advisory services to residential buildings interested in installing EV
charging facilities, while operating free charging facilities at public carparks. At the
same time we continued to replace our retired petrol cars with EVs for operational use,
making our EV fleet one of the largest in Hong Kong.