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  1. HK Electric prices to rise as 24-year earnings run ends

    Posted Mar 06th 2004, 12:00am by Denise Tsang

    ... Worse than anticipated 8.6pc drop in net profit sets off bid to recoup costs Hongkong Electric Holdings will lift electricity tariffs by as much as 11.6 per cent next year in a bid ... return on its regulated electricity supply for the first time in 24 years, due mainly to the Sars outbreak and frozen tariffs last year. Hongkong Electric, which serves Hong Kong and Lamma ...

  2. Care urged on electric blankets

    Posted Dec 16th 2004, 12:00am by Vivienne Chow

    ... The Consumer Council yesterday urged people to be careful when using electric blankets. It tested four blankets and found the temperature of one rose to 162 degrees Celsius when folded, and the power cord of another broke under the strain of a 10kg pull. The council and the Electrical and Mechanical Services Department conducted the tests. The council advised the public not to pull ...

  3. Electricity use on mainland soars by 16pc

    Posted Apr 10th 2004, 12:00am by Staff Reporter

    ... Staff Reporter The mainland used 16 per cent more electricity during the first quarter of the year compared with last year, reaching 480 billion kilowatt/hours. The State Grid Corporation of China said nationwide power demand this year would exceed supply by 30 million kilowatts. The leading consumers- Shanghai plus Zhejiang, Jiangsu and Anhui provinces- will experience a shortfall ...

  4. Healthy overseas earnings should light up electricity duo's reports

    Posted Aug 02nd 2004, 12:00am by Denise Tsang

    ... Denise Tsang Strong overseas contributions will light up the interim profits of electricity utilities CLP Holdings and Hongkong Electric Holdings, according to analysts. CLP's power projects in Australia, India, Taiwan and Thailand were expected to perform well in the six months to June as provisions plagued the previous corresponding period, analysts said. Hongkong Electric ...

  5. Hongkong Electric to increase bills by 2pc

    Posted Mar 23rd 2004, 12:00am by Carrie Chan, Denise Tsang

    ... Denise Tsang and Carrie Chan Consumers on Hong Kong and Lamma islands will see their monthly electricity bills go up by an average of 2 per cent next month. The rise, the first increase in public utility charges since 1998, is being imposed by Hongkong Electric to offset rising fuel costs. From April 1, Hongkong Electric will cut its fuel rebate to consumers- the fuel clause rebate ...

  6. HK Electric's Thai project advances

    Posted Feb 28th 2004, 12:00am by Denise Tsang

    ... Hongkong Electric Holdings has finally made progress on its much-delayed power project in Thailand after reshuffling its shareholders. The reshuffle saw the electricity supplier become the largest foreign investor in the planned 1,400 megawatt plant, with a 25 per cent stake, down from an original 26 per cent. Two new shareholders were added to the project: Ratchaburi Electricity ...

  7. Hongkong Electric hit by higher fuel costs

    Posted Mar 05th 2004, 12:00am by Denise Tsang

    ... Denise Tsang The utility may raise electricity tariffs after reporting a slump in net profit due to Sars and a revised accounting policy The prospect of raising electricity tariffs on Hong Kong and Lamma islands looms large on the back of Hongkong Electric Holdings' worse than expected slump in net profit and higher fuel costs. Net profit last year was $6.05 billion ...

  8. Utility to buy into Shanghai Electric

    Posted May 25th 2004, 12:00am by Denise Tsang

    ... Denise Tsang Listing candidate China Power International Holding is planning to buy a 25 per cent stake in A-share utility Shanghai Electric Power to boost its asset portfolio, sources familiar with the deal say. China Power, an electricity supplier run by Li Xiaolin, daughter of former premier Li Peng, will use part of its US$400 million listing proceeds to buy the stake from ...

  9. Power firms lift electricity tariffs again

    Posted Jun 18th 2004, 12:00am by Denise Tsang

    ... Denise Tsang China's major independent power producers have raised tariffs for electricity sold to power-grid companies for the second time this year to make up for soaring fuel costs. The price rises come after a decision by the National Development and Reform Commission on Tuesday to raise tariffs for electricity sold by power-grid firms to end users as part of its ...

  10. Mainland electricity bills set to skyrocket

    Posted Jun 19th 2004, 12:00am by Staff Reporter

    ... Chan Siu-sin More details have emerged of sweeping increases to electricity prices on the mainland- with households in seven cities and provinces facing higher power bills. The State ... On Wednesday, the commission said electricity prices for commercial and industrial users would increase by an average of 2.2 fen per kWh, to ease power shortages. In the second quarter this year, ...




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