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HK Electric Investments
CHAIRMAN’S STATEMENT
(Continued)
Our Green Hong Kong Green programme which promotes public understanding of
ecology and sustainable development was given the “Outstanding Partnership Project”
award by the Hong Kong Council of Social Service (HKCSS) at the Caring Company
Partnership Expo 2016.
Outlook
As HK Electric continues with its ongoing discussions with the Government on
improving the post-2018 regulatory framework, the coming months are crucial
in shaping the long-term development of Hong Kong’s power sector. We firmly
believe that the future framework should be based on feedback received during the
Government’s public consultation – that the SCA has worked well and allowed power
companies to achieve energy policy objectives; that there is no need to introduce
competition to the power industry for the sake of bringing in choices; that the
duration of the new framework should be maintained at ten years; and that the rate
of return should be maintained at the current level to incentivise power companies
to make necessary investments. We are confident that the final framework will serve
to give industry participants effective regulation and reasonable returns necessary
to provide Hong Kong – Asia’s World City – with affordable, reliable, safe and clean
energy.
We will also move forward with other initiatives to increase our use of cleaner fuels
and support the Government’s 2030 carbon-reduction targets yet to be formulated in
response to the Paris Agreement reached at COP21.
In conclusion, I would like to extend my thanks to our employees for their dedication.
Our success depends on them – and I am delighted that this year we were ranked
seventh in Randstad’s Top 10 Most Attractive Employers and listed as one of the
“Happy Companies” in Hong Kong. My thanks also go to our loyal SSU holders for
their continuous support.
Fok Kin Ning, Canning
Chairman
Hong Kong, 26 July 2016