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  • November 23, 2014
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  1. Hongkong Electric reports 20pc decline in net profit

    Posted Mar 09th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings reported a decline in last year's profit and said its electricity generating activities in Hong Kong would fail to earn the return permitted ... stood at 12.8 per cent, reflecting a shareholders' HK$200 million tariff subsidy. A Hongkong Electric spokeswoman said management believed history would repeat itself this year, primarily ...

  2. Hongkong Electric nears Thai stake sale

    Posted Sep 03rd 2003, 12:00am by Denise Tsang

    ... Hongkong Electric Holdings expects to introduce two domestic investors to its Thai power project by the end of the month, according to a senior official. Discussions to sell stakes ... of Thailand.' Hongkong Electric owns 26 per cent of Union Power. According to reports, the Thai unit is considering selling 15 per cent of the power project to PTT and another minority stake ...

  3. Hongkong Electric lines up $5b loan to refinance debt

    Posted Jul 11th 2006, 12:00am by Denise Tsang

    ... Denise Tsang The power company is evaluating a margin of 25 basis points above Hibor Power utility Hongkong Electric Holdings is arranging a $5 billion, seven-year loan largely ... arrangers. The loan, if it goes ahead, will be the utility's second this year after an A$617 million ($3.5 billion) five-year loan for its Australian subsidiary Hongkong Electric International ...

  4. News - Hong Kong

    Full passenger lists planned for Hongkong Electric ferries

    Posted Jan 15th 2013, 03:44pm by Simpson Cheung

    ... Simpson Cheung Hongkong Electric is developing a computer system to keep passenger lists on its vessels after the deadly sea collision on October 1, the commission of inquiry ... a list of Hongkong Electric staff on board but not their family and friends. "We have terminated all the recreational activities at sea and started developing the passenger list system. ...

  5. News - Hong Kong - ENERGY

    Gas deal 'could cut cost of power'

    Posted Nov 25th 2013, 04:54am by Cheung Chi Fai

    ... Cheung Chi-fai chifai.cheung@scmp.com CNOOC 'may be willing' to give Hongkong Electric better LNG price, leading to lower electricity bills in city centre and on Lamma Gas deal 'could cut cost of power' Power bills on Hong Kong Island and Lamma could be cut if hopes Hongkong Electric can secure a bargain deal to buy gas come to fruition. The company and its gas ...

  6. Hongkong Electric to change name

    Posted Dec 07th 2010, 12:00am by Anita Lam

    ... Anita Lam The century-old Hongkong Electric Holdings is set to change its name in a strategic move to signify the growing contribution of its overseas business. The proposed new name, Power Assets Holdings, will be put to a shareholders' vote early next year. A spokeswoman said the change only affected the holding company while Hongkong Electric, the brand in use since ...

  7. HK$80m sought to refund Hongkong Electric

    Posted Jun 02nd 2010, 12:00am by Danny Mok

    ... Danny Mok The Financial Services and Treasury Bureau is applying for a supplementary provision of HK$80 million from the legislature's Finance Committee to refund Hongkong Electric for rates, government rents and associated interest overcharged by the Commissioner of Rating and Valuation in several assessment years. The power supplier said it overpaid because ...

  8. Hongkong Electric seeking further acquisition targets

    Posted Feb 17th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings will continue to hunt for acquisitions after buying stakes in three mainland power plants for HK$5.68 billion from its parent firm, managing ... was key to the future prospects of profit-challenged Hongkong Electric, Mr Tso said yesterday. However, he declined to comment on analysts' expectations that the deal would pave the way ...

  9. Hongkong Electric invests in mainland wind farm projects

    Posted Nov 03rd 2008, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings, the power supplier controlled by Li Ka-shing, has made its first investments on the mainland to capitalise on the country's rising demand ... cost of the two projects at 780 million yuan (HK$883 million) or 8 million yuan per MW, said Hongkong Electric was the latest utility after CLP Holdings and Hong Kong & China Gas to take ...

  10. Hongkong Electric to increase bills by 2pc

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

    ... 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 on consumer bills- by 2 cents per kilowatt hour. This is equivalent to a 2 per cent rise in average net tariffs to $1.03 per kWh. Hongkong Electric said 70 per cent of the islands' residential ...




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