HKC has been one of the first movers in the China alternative energy industry. It is one of the first major Hong Kong listed companies to have invested in this sector, having built up a strong and expert management team in this specialised industry over the past few years. This foresight is reaping rewards as the Chinese government increasingly puts in place incentives and subsidies to encourage the use of cleaner energy across the country, in response to a wider national and global emphasis on protecting and sustaining the environment.

Recently, for example, the government has announced measures obligating power grids to take up electricity generated by alternative energy providers as a priority over that generated from traditional fossil fuels. According to the Renewable Energy Law, by 2020 alternative energy is expected to contribute 15% of the country’s total energy supply. The government has also announced plans to tax all end-users to subsidise the development of alternative energy on a nationwide scale. Very recently, coastal cities have been encouraged to build waste-to-energy facilities to cope with the scarcity of land for landfills in these regions. The Group’s alternative energy business stands to benefit either directly and indirectly from each of these government moves.

For more details, please visit www.hkenergy.com.hk