Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE HONG KONG AND CHINA GAS COMPANY LIMITED

(3)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Hong Kong and China Gas : Towngas and SPIC cohost first smart energy innovation competition in search of technology worldwide with US$1 million as top prize

06/21/2021 | 10:26am EDT

The Hong Kong and China Gas Company Limited (Towngas) and State Power Investment Corporation Limited (SPIC) cohosted the cloud launch ceremony in Beijing and Hong Kong for the inaugural TERA-Award under the theme of 'Exploring zero-carbon innovations for the future'.

The smart energy innovation competition aims to recruit projects from energy start-ups around the world to attain the dual carbon goals set by China to achieve carbon neutrality by 2060. This is also the world's first innovation competition targeting the field of zero-carbon technology.

Dr Lee Ka-kit, Member of the Standing Committee of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of the All-China Federation of Industry and Commerce, and Chairman of Henderson Land Group and Towngas remarked at the ceremony, 'The dual carbon goals of carbon peaking and carbon neutrality are among the country's key strategies. The advancement and innovation of energy technology are the fundamental driving forces behind the energy revolution and transformation as well as vital motivators powering the attainment of the dual carbon goals. We thoroughly understand the complexity and enormity of the systematic work behind carbon peaking and carbon neutrality, and the duty of energy corporations to serve as essential core contributors to these ends. This competition offers winners not only a significant monetary prize, but more importantly, an open platform for start-ups to connect supply with demand by providing application scenarios that power the rapid realisation of smart energy and innovative technology.'

TERA-Award targets four areas: energy supply, energy demand, green transportation and the energy internet. Start-up enterprises and innovative project teams from around the world are encouraged to take part. All participating smart energy innovation projects and solutions must possess original technology and patents to be judged by the competition's professional panel comprising leading smart energy industry, academic and research experts from Towngas, SPIC Central Research Institute, Greater Bay Area Homeland Investments Limited, Chinese Academy of Sciences, Tsinghua University and The University of Hong Kong. Judging criteria include innovation, implementation and team capability. In terms of prizes, the inaugural competition is offering US$1 million for the gold prize winning team, setting a record for technological competitions from the energy industry. Other prize details will be announced on the event website. More importantly, Towngas and SPIC will provide support in the form of technological application scenarios for the winning projects.

Mr Qian Zhimin, Chairman of SPIC, remarked at the Beijing launch ceremony, 'Currently, China's fossil energy makes up about 84 per cent of the country's overall energy consumption. Attaining the goal of carbon neutrality poses a great challenge to the industry; it is a visionary cause that requires the synergy of technology, the system and the institution. To this end, SPIC and Towngas have joined hands to share our strengths in terms of platforms, application scenarios, resources and funding with the winning projects and teams to contribute towards the attainment of the dual carbon goals. We hope to promote the ethos of innovative growth and drive the research and development of innovative new technology through this competition in order to propel the development and application of advanced smart energy technology

The competition is now accepting applications from scientific research and start-up companies from around the world (website: www.tera-award.life). The closing date for applications is 31 August 2021. An information session will be conducted online on 29 June 2021. Interested parties are welcome to visit the event website for details and registration.

About The Hong Kong and China Gas Company Limited (Towngas)

Established in 1862, The Hong Kong and China Gas Company Limited (Towngas) is Hong Kong's first public utility and also one of the most sizeable energy providers in Asia. The core business of the Company has expanded to encompass gas production, transmission, distribution and sales, along with cooking appliances and a complete range of after-sales services. Towngas made its first foray into the mainland China market at the end of the 20th century, covering its services to the upstream, midstream and downstream businesses, city-water services, new energy, telecommunications, information technology, engineering projects, manufacturing, retail and other relevant daily necessities. In addition to our Hong Kong operations, Towngas today has a portfolio that includes 439 projects in 27 provinces, autonomous regions and municipalities in mainland China.

Contact:

Tel: 2963 3493

Fax: 2516 7368

Email: cad@towngas.com

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about THE HONG KONG AND CHINA GAS COMPANY LIMITED
09/10HONG KONG AND CHINA GAS : Towngas recognised as 'CO-FIT' Best Practice Showcase ..
AQ
09/02THE HONG KONG AND CHINA GAS COMPANY : Ex-dividend day for interim dividend
FA
08/27HONG KONG AND CHINA GAS : Alert on suspected scam emails
AQ
08/23HONG KONG AND CHINA GAS : Towngas announces interim results for 2021
AQ
08/20HONG KONG AND CHINA GAS : TERA-Award offers US$1 million prize, applications to ..
AQ
08/20The Hong Kong and China Gas Company Limited Reports Earnings Results for the ..
CI
08/20The Hong Kong and China Gas Company Limited Declares an Interim Dividend
CI
08/03HONG KONG AND CHINA GAS : Monthly Return for Equity Issuer on Movements in Secur..
PU
07/13HONG KONG AND CHINA GAS : Unit Completes Acquisition of 25% Stake in Shanghai Ga..
MT
07/05HONG KONG AND CHINA GAS : Towngas COVID-19 Vaccination Lucky Draw online registr..
AQ
More news
Financials
Sales 2021 48 400 M 6 216 M 6 216 M
Net income 2021 8 135 M 1 045 M 1 045 M
Net Debt 2021 39 801 M 5 112 M 5 112 M
P/E ratio 2021 27,2x
Yield 2021 2,96%
Capitalization 227 B 29 092 M 29 092 M
EV / Sales 2021 5,50x
EV / Sales 2022 5,08x
Nbr of Employees 54 031
Free-Float 58,2%
Chart THE HONG KONG AND CHINA GAS COMPANY LIMITED
Duration : Period :
The Hong Kong and China Gas Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE HONG KONG AND CHINA GAS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Last Close Price 12,14 HKD
Average target price 12,73 HKD
Spread / Average Target 4,89%
EPS Revisions
Managers and Directors
Wing Kin Chan Managing Director & Executive Director
Hon Ming Ho CFO, Secretary & Executive Director
Ka Shing Lee Co-Chairman
Ka Kit Lee Co-Chairman
Kwok Po Li Independent Non-Executive Director
Sector and Competitors