HK Electric Investments Advances Green Transition

HK Electric Investments & HK Electric Investments (HK:2638) has released an update.

HK Electric Investments has made significant strides in the transition to green energy, retiring coal-fired units and introducing new gas-fired ones in alignment with their 2024 – 2028 Development Plan. The company reported stable financial results with an EBITDA of HK$3,989 million and a consistent interim distribution to Share Stapled Unit holders. Key initiatives include the construction of a new 380-MW gas-fired unit and the deployment of smart meters, aiming for a coal-free operation by 2035.

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