HK Electric Allocates Over HK$80 Million to Expand Smart Power Services for Low-Carbon Transition

Reuters11-18
HK Electric Allocates Over HK$80 Million to Expand Smart Power Services for Low-Carbon Transition

HK Electric Investments Ltd. announced plans to allocate over HK$80 million in 2026 for its "Smart Power Services" initiative, which aims to support low-carbon transformation and energy efficiency efforts. The company will continue distributing HK$200 cash coupons to families in need and will fund energy efficiency improvements for buildings. A new "Energy-efficient Appliance Subsidy Scheme" will provide underprivileged households with energy-efficient induction cookers and electric water heaters. HK Electric will also launch a 24-month Renewable Energy Trial Programme on Po Toi Island, supplying eligible households with solar panels, energy storage systems, and energy-efficient appliances. The company stated that its Smart Power Education Fund will continue to support green education initiatives in 2026. Over the past seven years, HK Electric has invested nearly HK$420 million in related programmes, reaching over 360,000 beneficiaries.

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