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Hong Kong Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Current Scenario:
The electricity industry in Hong Kong is dominated by a single company, CLP Power Hong Kong Limited, which is responsible for the transmission and distribution of electricity to more than 2.6 million customers. The company has a comprehensive network of power transmission and distribution infrastructure, which includes more than 8,000 km of high-voltage and low-voltage transmission and distribution lines, as well as 85 substations.
Construction of New Projects:
The Hong Kong government has set a target of achieving a renewable energy mix of 10% by 2030, which has led to an increase in the construction of renewable energy projects, such as solar and wind power plants. In addition, the government has announced plans to construct a new substation in Lamma Island, which will provide a more reliable power supply to the residents of the island.
Major Drivers:
The major drivers of the Electric Power Transmission & Distribution Infrastructure industry in Hong Kong include the increasing demand for electricity, the government's commitment to promoting renewable energy, and the need to upgrade and modernize existing infrastructure to improve efficiency and reliability.
Industry Outlook:
The Electric Power Transmission & Distribution Infrastructure industry in Hong Kong is expected to continue to grow steadily in the coming years, driven by increasing demand for electricity, the government's push towards renewable energy, and the need to upgrade and modernize existing infrastructure. However, the industry may face some challenges, such as rising costs of infrastructure development and maintenance, and potential disruptions caused by extreme weather events.
In conclusion, the Electric Power Transmission & Distribution Infrastructure industry in Hong Kong is well-established and dominated by a single company. However, the government's push towards renewable energy and the need to upgrade and modernize existing infrastructure provide opportunities for growth in the industry.
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