Scheme Of Control Agreement Hong Kong Clp

Electricity strengthens our daily action and stimulates our economic development. It has long been the government`s policy to ensure that the municipality`s electricity needs are met in a safe, reliable, efficient and reasonably priced manner, while minimizing the environmental impact of electricity generation. SRATs help the government achieve these energy goals. Information and Consultation Agreement with Hong Kong and China Gas Company Ltd. (PDF version) Novation Act concerning scheme of Control Agreement (SCA) with: the current CSAs and the two previous ones have been uploaded to the website of the Environment Bureau for public access via the following link: THE CSA are the tools for the government to regulate the financial issues related to the electricity of energy companies and control their reliability and their reliability environment Power in the supply of electricity. SCAs do not give companies exclusive rights to supply electricity and are not franchisees. On the contrary, they set the rights and obligations of companies as well as the returns for their shareholders. The government oversees the financial matters of electricity-related companies through development plans submitted by them and annual tariff reviews and audit audits carried out jointly with them. Companies` returns are also limited to an allowed percentage as a percentage of their fixed assets. 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 CAS were signed in 2017 for a period of approximately 15 years and expire at the end of 2033. . .

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