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With the Government’s formal approval, we began
constructing a gas-fired combined-cycle generating unit at
Lamma Power Station in January this year. The efficiency of
this new unit surpasses the existing units at Lamma Power
Station. It will help further reduce air emissions and carbon
intensity, and promote fuel efficiency, while maintaining
power supply reliability, when the new unit is operational
in 2020. Depending on the price of gas, the annual fuel cost
saving could amount to hundreds of millions of dollars
compared to an existing older gas-fired unit.
In 2015, we continued to support the use of electric
vehicles to reduce roadside emissions and improve air
quality. We unveiled the “Drive EV Charge Easy” service
to provide a more efficient and proactive response to
those who intend to build charging facilities. We also
organised a seminar with an EV exhibition for relevant
stakeholders to share knowledge and experience on
installing charging facilities.
In promoting energy saving, our Smart Power Fund helps
building owners enhance the energy efficiency of their
properties. During the year, we approved 15 applications
for the fund and hosted a seminar to further promote this
green initiative within the community.
We continued to spread our green messages through two
of our anchor programmes – the Smart Power Campaign
and Green Hong Kong Green (“GHKG”). The newly
launched “Green Energy Dreams Come True” initiative
under the Smart Power Campaign sponsored brilliant ideas
from secondary school students, while the third GHKG
Eco-tour Festival in November, as well as the monthly
eco-heritage tours organised throughout the year,
continued to educate the public about conserving the
environment and eco-heritage.
Caring for People and the Community
Throughout 2015, we worked ceaselessly to improve our
safety performance. We conducted a corporate-wide
Safety Climate Index Survey, which revealed that overall
our people’s attitudes towards occupational health and
safety were satisfactory. Based on the detailed findings, we
have developed action plans so that we can see sustained
improvement in the future.
To ensure our operations are sustainable, we continued to
develop our employees’ potentials and abilities, as well as
encouraging more young people to join the power
industry. In November last year, we signed a Memorandum
of Understanding with The Hong Kong Polytechnic
University for co-organising postgraduate courses, which
will go some way to addressing the shortage of power-
engineering talents within the industry.
For our community, we launched the CAREnJOY
programme to help single elders and promote mutual
support in the neighbourhood, while establishing stronger
ties with society through our partnership with local NGOs
and district councils. All this was supported by our
corporate volunteer team which continued to reach out
through various kinds of services.
Strengthened Governance with
New Partnership
The way we govern our business is the key to sustainability.
In 2015, we continued to enhance our corporate
governance, such as developing a structured Regulatory
Compliance & Monitoring Framework, and promptly
enhancing our environmental and quality management
systems to meet the new ISO standards released in
September. We were also glad to see that HKEI was
included in the MSCI HK Index.
In June, the Qatar Investment Authority acquired a 19.9%
stake in HKEI and became our third largest shareholder
after Power Assets Holdings Limited and the State Grid
Corporation of China. We believe this new partnership is of
great benefit to the Group.
Looking Ahead
We shall continue to provide safe, reliable, clean and
affordable electricity to support the sustainable
development of Hong Kong. We shall also work closely
with the Government and other stakeholders to work out
a roadmap for developing the future electricity market in
the city, balancing the needs, interests and concerns of our
various stakeholders.
Thank you for reading this report. Let us work together for
a balanced, harmonious, brighter and greener future for all.
Wan Chi-tin
Chief Executive Officer
March 2016
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