The Group has always achieved world-class performance in the business of electricity generation, transmission, distribution and sales in Hong Kong. We have maintained an electricity reliability rate of over 99.999% for 14 consecutive years. To support continuing growth in future, we have developed an international investment strategy to explore investment opportunities outside Hong Kong. In light of the global challenge of climate change, we have also formulated a strategy for low carbon electricity generation.
To achieve sustainable growth and improvement in our business, we have established a framework by which we conduct our business.
In an ever-changing business environment, Power Assets faces different challenges in undertaking our mission. These include volatile fuel prices and external expectation on greenhouse gas emission reduction. We enforce strong corporate governance with sufficient risk assessment to combat these challenges.
Hong Kong is a mature market for the electricity business. While continuing to serve Hong Kong, the pursuit of investment opportunities in power and utility-related businesses outside Hong Kong has been our strategic approach in the past decade. Our overseas business contribution reached 35% in 2010 and is expected to further increase over the next few years.
Climate Change Challenge
We share the global concern about climate change and see a global consensus among governments that the climate change risk is real and significant. Recognising that the energy sector is one of the major greenhouse gas emitters, we are committed to contributing our efforts to tackle this challenge. Our strategy and initiatives for our Hong Kong business in addressing this challenge are discussed in the Environment - Addressing Climate Change section. Outside Hong Kong, we shall continue to explore overseas investment opportunities in renewable energy.