Scheme Of Control Agreement Hong Kong Electric

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Scheme Of Control Agreement Hong Kong Electric

Companies` returns are also limited to an allowed percentage as a percentage of their fixed assets. HK Electric`s activities are governed by a bilateral agreement – Scheme of Control Agreement (SCA) – with the Government of the Hong Kong Special Administrative Region (the Government). The agreement provides the government with a framework to monitor the company`s financial affairs and operational performance. The SCA scheme has proven to be a simple, lightweight and inexpensive instrument to fully achieve the government`s energy objectives of ensuring a safe, reliable and environmentally friendly supply of electricity at a reasonable price. It provides HK Electric with the necessary security for timely and sufficient long-term infrastructure investments, as well as the flexibility in the efficient and efficient management of its electricity supply activities. All the while, electricity was supplied to Hong Kong by CLP and HEC. Both energy companies own their respective electricity supply chains, including generation facilities, transmission and distribution networks. The first SCA was signed in 1964. Since then, over the years, CAS has been expanded to improve their functioning and better achieve energy policy objectives. The current SCAs were signed in 2017 for a period of approximately 15 years and expire at the end of 2033.

. Instrument of innovation with regard to scheme of Control Agreement (SCA) with:. Information and Consultation Agreements with Hong Kong and China Gas Company Ltd. (PDF version) The current CSAs and the two previous ones have been downloaded from the Environment Bureau`s website for public access via the following link:. . .

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