With the scheme of control set to expire in 2008, a major topic at this year's conference will be the government's proposed new regime
THE COMPLEX ISSUE of how to manage Hong Kong's power industry after the current scheme of control agreement between the government and power companies expires in 2008 will be one of the major topics of the conference at POWER-GEN Asia 2006 in Hong Kong this week.
Among the key speakers lined up to discuss developments in Asian power markets is Wan Chi-tin, director and general manager, corporate development, Hongkong Electric.
Mr Wan will analyse the Hong Kong power market and explain how far talks over its future have progressed.
Following the second stage of public consultation on the future development of Hong Kong's electricity market, which attracted more than 17,000 submissions and was debated in the Legislative Council in May, a general consensus has been reached that reliability and safety of supply are the most important issues and should be the key considerations in the future development of the local electricity market, according to Mr Wan.
Other issues of concern include the regulation of returns and tariffs, and the impact of the industry's future development on the environment.
'Electricity supply reliability is of utmost importance to Hong Kong in view of its role as a world city and financial hub in Asia,' Mr Wan said.