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Hongkong Electric Company

Electricity company in Hong Kong

Hongkong Electric Company

Summary

Electricity company in Hong Kong

FieldValue
nameHongkong Electric Company
香港電燈有限公司
logoHongkong Electric (logo).png
imageKennedyRd HongkongElectricCentre.jpg
image_captionHongkong Electric Company headquarters in Mid-Levels, Hong Kong
typePublic
trade_nameHK Electric Investments and HK Electric Investments
foundedin British Hong Kong
hq_locationHongkong Electric Centre, 44 Kennedy Road, Mid-levels
location_cityHong Kong
key_people{{plainlist
*LI Tzar Kuoi, Victor (deputy chairman)<ref>{{cite weburlhttps://www.hkelectric.com/en/about-us/board-of-directorstitle=Board of Directorspublisher=Hongkong Electricdate=2022-08-16access-date=2022-08-27}}
industryPublic utility
ISIN
traded_as
productsElectric service
num_employees1,682 ()
revenueHK$ 11,344 million (2021)
assets{{plainlist
*HK$111,567 million (2020)<ref name"2021report" /
homepage

香港電燈有限公司

  • WAN Chi Tin (CEO)
  • FOK Kin Ning, Canning (chairman)
  • LI Tzar Kuoi, Victor (deputy chairman)
  • HK$114,828 million (2021)
  • HK$111,567 million (2020) The Hongkong Electric Company (HEC; ) is one of Hong Kong's two main electricity generation companies, the other being China Light & Power. The company is owned by several companies including Power Assets Holdings, State Grid Corporation of China, Cheung Kong Infrastructure Holdings and Qatar Investment Authority. It was the first company to provide electricity in Hong Kong, having run continually since the 19th century.

History

Following a meeting in 188_ of the Executive Council to discuss land reclamation, Bendyshe Layton suggested to Sir Catchick Paul Chater that Hong Kong acquire an electricity generator. Chater, who was to remain a director of the new Hongkong Electric Company for 37 years, took charge of raising finance for the project.{{Cite book | orig-year = 1987

In the 1890s, as electricity became popular, the first private houses were connected to the company's supply to power lights and fans. On the commercial front, a substation was built in 1898 to service the lifts of the new tall buildings mushrooming along the waterfront. By 1905 the company was supplying power for 15 lifts, thousands of lamps as well as for street lighting. The power grid was extended underground to West Point then later to Victoria Peak and Shau Kei Wan. By 1916, Aberdeen and Ap Lei Chau were also connected. One by one large organisations like Dairy Farm, Taikoo Docks, the Peak Tram and the University of Hong Kong which had formerly generated their own supplies, switched to the company's supply. In 1924 there were 1,369 street lamps lit by gas with only 469 powered by electricity. However, by 1936, few gas lamps remained.

Japanese invasion of Hong Kong]] in December 1941.

During the Japanese invasion of Hong Kong in December 1941, a number of staff at the North Point power plant held the Japanese at bay in an epic defence. Casualties from the battle included the plant's manager Vincent Sorby, who died in a prison camp of wounds received during the attack.

A second power plant was built in North Point in 1919 and a third at Ap Lei Chau in 1968 which was decommissioned in 1989. Since 1990, all of HEC's electric generators have been situated at the Lamma Power Station.

Hongkong Land (HKL), which owned a 34% stake in the company, underwent a restructuring in January 1985 whereby it was forced to sell its stake in the company for HK$3 billion to reduce debt levels.

The company is now controlled by Li Ka-shing's Cheung Kong Holdings as part of listed company Power Assets Holdings Limited, which before February 2011 was known as "Hongkong Electric Holdings Limited".

Power generation

| other-color =

Lamma Power Station

Lamma Power Station

Main article: Lamma Power Station

Lamma Power Station is a 3736 MW either (coal-fired, or combined cycle when used alongside natural gas). Built in 1982 as a 250 MW coal-fired station, it was upgraded to 600 MW in 1987 and to 1350 MW by 1989.

Lamma Winds

Main article: Lamma Winds

Lamma Winds operates a Nordex standard N50 800 kW wind turbine with a rotor diameter of 50 m. Completed in 2006, the turbine is of stall-regulated, "horizontal axis" design and is mounted up-wind.{{Cite web

Solar power system

In July 2010, the company commissioned the largest commercial-scale solar power system in Hong Kong. Based on amorphous silicon thin film photovoltaic (TFPV) technology, the requisite solar panels are located on the rooftops of the main building of Lamma Power Station. Power generated is fed directly to Hong Kong Electric's 380 V electrical grid via solar inverters, distribution boards and power transmission cables. All panels are set to face south to maximise power output and are inclined at an angle of 22 degrees.{{Cite web

Electricity tariff

Tariff for residential clients

  • https://www.hkelectric.com/zh/customer-services/billing-payment-electricity-tariffs/residential-tariff

Tariff for non-residential clients

  • https://www.hkelectric.com/zh/customer-services/billing-payment-electricity-tariffs/non-residential-tariff

Closed plants

[[City Garden]] was built on the site of North Point Power Station.
Ap Lei Chau Power Station in 1971.

Most of the older power stations were closed as residential development began to surround them. As HEC was owned by a land developer, these properties were in turn re-developed into housing estates.

Wan Chai

Wan Chai Power station was a 50 kW coal-fired power station opened in 1890 and decommissioned in 1922. Built in the colonial architecture style, it was later demolished and is now the site of Art Deco residential flats at 31, Wing Fung Street.

North Point

Main article: North Point Power Station

The North Point Power Stations were a series of power stations built between 1919 and 1966. The site is now home to the City Garden residential flats and Maxim Mall.

  • North Point Power Station (A) - 3000 kW coal-fired generating station opened in 1919 to replace Wan Chai station and decommissioned in 1989
  • North Point Power Station (B) - 30 MW coal-fired generating station opened in 1958 and decommissioned in 1989
  • North Point Power Station (C) - 60 MW oil-fired generating station opened in 1966 and decommissioned 1989

Ap Lei Chau Power Station

Opened in 1968, the Ap Lei Chau Power Station was a 750 MW oil-fired generating station. The plant was decommissioned and its generators moved to Lamma Power Station between 1984 and 1989; HEC office tower and building is now surrounded by the South Horizons housing estate, 34 towers built by Hutchison Whampoa.

Hongkong Electric [[power substation]] in [[Cheung Lee Street]], [[Chai Wan
Hongkong Electric power substation in [[Healthy Street East]], [[Quarry Bay

References

References

  1. (2022-08-16). "Board of Directors". Hongkong Electric.
  2. (August 2022). "Interim Report 2022". Hongkong Electric Company.
  3. (2022-03-15). "Annual Report 2021: Crafting a Greener Future". Hongkong Electric Company.
  4. (9 June 2015). "Power Assets sells $991 mln HK Electric stake to Qatar". Reuters.
  5. "The legacy of Sir Catchick Paul Chater".
  6. [http://www.hec.com.hk/hehWeb/MajorGroupCompanies/TheHongKongElectricCompanyLimited/Generation/Index_en.htm Hec.com] {{Webarchive. link. (11 September 2007 . ''Electricity Generation.'' Retrieved on 26 April 2007.)
  7. Chito Santiago, [http://sunzi1.lib.hku.hk/newspaper/view/04_08.02/110421.pdf HK Land came out better despite $375 million payout], [[Hong Kong Standard]], 17 October 1985
  8. "Power Assets Holdings Ltd.: Our Company".
  9. "Fuel-Mix Generation Data". Hongkong Electric.
  10. [http://www.fundinguniverse.com/company-histories/Hongkong-Electric-Holdings-Ltd-Company-History.html Hongkong Electric Holdings Ltd. History] on fundinguniverse.com
  11. Industcards: {{usurped
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