10
        
        
          Sphere 30
        
        
          Hong Kong’s first commercial wind turbine
        
        
          is commissioned at Tai Ling, Lamma Island,
        
        
          generating up to 800 kW of electricity. The
        
        
          company also introduces the use of liquefied
        
        
          natural gas as a fuel for electricity generation.
        
        
          2006
        
        
          2007
        
        
          2008
        
        
          The company acquires a 50 per cent
        
        
          interest in Stanley Power, which has
        
        
          stakes in six power stations in Canada.
        
        
          The company co-develops wind farms
        
        
          in Mainland China’s Dali and Laoting,
        
        
          with a 45 per cent stake in each. This
        
        
          is followed by the 2009 acquisition of
        
        
          three power plants in the Mainland.
        
        
          As the company acquired the status of a true Hong Kong
        
        
          institution, it contributed to the city’s life in unexpected ways.
        
        
          In the 1930s, the arrival at the company’s main coaling wharf in
        
        
          North Point of racing ponies shipped from Australia provided
        
        
          annual excitement among the racing fraternity. Some years
        
        
          later the company’s wharf witnessed an even stranger spectacle:
        
        
          circus elephants unloaded from ships in slings lifted by derricks.
        
        
          The Japanese invasion of 1941, which brought dark times
        
        
          to Hong Kong, gave rise to one of the proudest moments in
        
        
          the company’s history. Following the Japanese landing on
        
        
          Hong Kong Island, a volunteer force consisting of power station
        
        
          engineers and veterans of former wars took up positions in the
        
        
          company’s North Point power station. They put up a fierce fight
        
        
          to hold up the Japanese advance.
        
        
          Power station manager Vincent Sorby later died of his
        
        
          wounds and many employees were interned in camps for the
        
        
          duration of the war. Remarkably, though, the company’s records
        
        
          survived intact, despite widespread looting and scavenging for
        
        
          fuel. This was thanks to a one-time billings clerk who spirited
        
        
          them away and hid them in his home.
        
        
          As the nightmare of war ended, Hongkong Electric’s
        
        
          Celebrated as the oldest electricity company
        
        
          in the world to have operated continuously, Hongkong Electric
        
        
          is Power Assets’ arm that lights up Hong Kong Island. It also
        
        
          embodies an entrepreneurial spirit that goes back generations
        
        
          in the city.
        
        
          Its Victorian era founders were visionaries and risktakers
        
        
          among the then British colony’s business elite who facilitated
        
        
          Hong Kong’s rise as a modern centre for international
        
        
          commerce in “the Far East”.
        
        
          Pioneering businessman, urban planner and government
        
        
          advisor Sir Catchick Paul Chater, who in 1889 co-founded
        
        
          Hongkong Land, was among the first to see the merits of
        
        
          introducing electric power to Hong Kong. He played a key role
        
        
          in moving the project forward, eventually remaining a director
        
        
          of Hongkong Electric for 37 years.
        
        
          When the Hongkong Electric Company commenced
        
        
          operations on 1 December 1890, residents experienced their
        
        
          first taste of “pale daylight”, the original colloquial Chinese
        
        
          name for electric streetlight. Its ghostly quality was nonetheless
        
        
          considered superior to the illumination provided by (then)
        
        
          prevailing gaslight.
        
        
          Hongkong Electric –
        
        
          lighting up an
        
        
          ever-changing city