Summary by Moomoo AI
HK Electric Investments and its wholly-owned subsidiary, HK Light, completed a $266 billion development programme in 2023, including the construction of 3 gas generator sets and 1 offshore liquefied natural gas receiving station to increase the gas generation ratio to approximately 70% in support of Hong Kong's carbon reduction targets. At the same time, HK Lighthouse and the Government completed the first interim review of the Control Scheme Agreement and agreed to amend the scope of the agreement. On April 19, 2023, a power outage occurred at Hong Kong Lighthouse, affecting approximately 44,000 customers, but power was gradually restored within 33 to 48 minutes. For the full year 2023, HKD recorded a profit before interest, tax, depreciation and amortisation of $80.33 billion, an increase over 2022, and declared a final distribution of HK$16.09 cents per share, consistent with 2022. Hong Kong Lighthouse is also driving the green energy transition, installing more than 36 million smart meters and supporting electric vehicle charging facilities for 470 private estates.