Profile: Hong Kong and China Gas Co Ltd (HOKCY.PK)
The Hong Kong and China Gas Company Limited ((Towngas) is engaged in the production, distribution and marketing of gas, water and energy related activities in Hong Kong and mainland China. The Company is also engaged in property development and investment activities in Hong Kong. During the year ended December 31, 2010, the Company launched nine new projects. During 2010, Towngas China Company Limited (Towngas China) acquired eight new projects located in the New Industrial District of Anshan, Dalian Lvshun Economic Development Zone, Kazuo county of Chaoyang in Liaoning province; in the Lingui New District of Guilin in Guangxi Zhuang Autonomous Region; in the Nanhai New District of Laiyang and Linqu county of Weifang in Shandong province; and in the Chengdong Harbour District of Jiujiang and the Fubei Industrial Park of Fuzhou in Jiangxi province. In 2010, it also acquired a Hot Tapping contract from Water Supplies Department (WSD).
Hong Kong Business
The Company’s business in Hong Kong consisted of the production and distribution of gas, its marketing and sale, the sale of gas appliances, as well as after-sales services. As of December 31, 2010, the Company had more than 3,400 kilometers-long pipeline network in this territory. In Hong Kong, town gas is produced at two production plants. Major supplies of 97% come from the Tai Po Plant, with the Ma Tau Kok Plant making up the rest. The Tai Po Plant is located in the Tai Po Industrial Estate, covering an area of 11.71 hectares. It has a maximum supply capacity of 9.6 million standard cubic metres of gas a day.
As of December 31, 2010, the Company, along with its subsidiary, Towngas China, had more than 120 projects, including piped city-gas projects, upstream and midstream developments, water and wastewater treatment schemes, natural gas filling stations, as well as new energy exploration and utilisation ventures, across 20 provinces, municipalities and autonomous regions throughout the country. As of December 31, 2010, the Company operated 93 city-gas projects in 17 provinces, autonomous regions and municipalities. During 2010, the Company sold over 8.5 billion cubic meters.
New Energy Business
The Company’s wholly owned subsidiary, ECO Environmental Investments Limited (ECO), specializes new energy businesses. ECO is engaged in the research and development, as well as the application of new technologies for clean energy. As of December 31, 2010, ECO was exploring coal resources and carrying out a coal-based chemical project in Erdos, Inner Mongolia. The first phase of this project, which is in Zhungeer Qi, has an annual production capacity of 200,000 tons of methanol. In addition, ECO has invested in a coal mining project and a coking project in Fengcheng, Jiangxi province.
The Company’s wholly owned subsidiary, U-Tech Engineering Company Limited (U-Tech), provides a range of customer services, such as consultancy, construction and maintenance in various engineering projects. Towngas Telecommunications Company Limited, a wholly owned subsidiary of Towngas, engaged in telecommunications infrastructure business. On the mainland, Towngas Telecom has three joint ventures in Shandong and Liaoning provinces. Its subsidiary, Hong Kong and China Water Limited (Hua Yan Water), operates three projects, supplying water and treating wastewater in the country. These joint ventures are located in Wuhu, Anhui province, Wujiang, Jiangsu province and in the Suzhou Industrial Park. P-Tech Engineering Company Limited (P-Tech), a wholly owned subsidiary of Towngas, provides a range of engineering services in the design, construction, installation and commissioning of landfill gas treatment plants, liquefied nitrogen and dry ice production plants.
Hong Kong and China Gas Co Ltd
23rd Floor, 363 Java Road, North