Hong Kong Power Report 2016 - Business Monitor International - Industry Reports

Hong Kong Power Report 2016

Hong Kong Power Report 2016 - Business Monitor International - Industry Reports
Hong Kong Power Report 2016
Published Oct 22, 2016
49 pages — Published Oct 22, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Hong Kong remains heavily dependent on thermal energy, with coal accounting for approximately --.- of the city-state s energy production as of ----. Although the government is actively researching renewable energy solutions to curb this dependency, it is most likely Hong Kong will become increasingly reliant on mainland China and imported natural gas over the medium term. ...Apart from domestic thermal energy production, Hong Kong is making limited progress in the field of renewable energy, with China Light & Power (CLP) and Hong Kong Electric Co. (HEC) drawing up plans for offshore wind farms. In addition, Hong Kong imports electricity generated by the Daya Bay Nuclear Power Station (DBNPS) in mainland China - Hong Kong has no plans to build its own nuclear facilities - and CLP has struck a deal with Chinese firms over long-term plans to import natural gas. Hong Kong is in --th position in BMI s Asia Power Risk/Reward Ratings (RRRs), owing to its modest market size and below average growth prospects. ...Hong Kong is in --th position in BMI s Asia Power Risk/Reward Ratings (RRRs), owing to its modest market size and below average growth prospects. It scores above average for industry and country risks, with its total score dragged down by the rewards side of the matrix.

...Hong Kong s energy dependence on China is growing, with the Hong Kong government agreeing to a deal by CLP Power Hong Kong to purchase natural gas from state-owned PetroChina s second east-west pipeline over the next two decades. CLP has repeatedly suggested the government shift towards domestic, gas-fired electricity production rather than to directly import electricity from the mainland as part of an ongoing consultation regarding Hong Kong s future power generation mix. ...CLP has repeatedly suggested the government shift towards domestic, gas-fired electricity production rather than to directly import electricity from the mainland as part of an ongoing consultation regarding Hong Kong s future power generation mix. Hong Kong is attempting to take its coal-fired power generating units offline by ----, in an effort to reduce air pollution that is largely caused by the thermal electricity generation and is exacerbated by Hong Kong s proximity to Chinese province Guangdong. In order to replace the electricity generated by the coal plants, the two main options are an increase in gas-fired plants to -- of output, with the remainder covered by direct imports from China, or a larger increase in direct imports from China and an increase in gas-fired production to -- of output. ...Hong Kong is attempting to take its coal-fired power generating units offline by ----, in an effort to reduce air pollution that is largely caused by the thermal electricity generation and is exacerbated by Hong Kong s proximity to Chinese province Guangdong. In order to replace the electricity generated by the coal plants, the two main options are an increase in gas-fired plants to -- of output, with the remainder covered by direct imports from China, or a larger increase in direct imports from China and an increase in gas-fired production to -- of output.

...All information contained in this publication is copyrighted in the name of Business Monitor International Ltd, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

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Source:
Document ID
1754-422X
Country
Industry
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PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Hong Kong Power Report 2016" Oct 22, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hong-Kong-Power-Report-2016-2026-782>
  
APA:
Business Monitor International - Industry Reports. (2016). Hong Kong Power Report 2016 Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hong-Kong-Power-Report-2016-2026-782>
  
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