Founded in 1862, Hong Kong and China Gas Co sells towngas and gas appliances. Towngas mainly serves the needs of domestic, commercial and industrial customers for cooking, heating water and other purposes. The company also has operations in China.
But city’s power companies will have to meet environmental and ecological concerns as well as the engineering challenges.
The mainland division of Hong Kong and China Gas (Towngas) also plans to change its name to Towngas Smart Energy to reflect the group’s ‘future development direction’.
Towngas and CATL plan to set up a joint venture to install energy storage systems in 10 industrial parks initially and also invest in energy-related projects.
Towngas plans to expand its presence in the Greater Bay Area’s water supply, waste water treatment, municipal waste processing and waste-to-energy businesses.
Increase of 4.4 per cent to affect 1.9 million users when it comes in on August 1, with company citing higher labour and operating costs as reasons for rise.
China Gas, a major natural gas distributor, says it has lined up contracts to ensure it can heat a growing number of rural homes – but some analysts are sceptical as another winter approaches