Developed jointly by shk ppt (00016.HK), Welleya, and CITIC Tai Fu, the solar power plant at the landfill in Tseung Kwan O held a groundbreaking ceremony last Friday (1st) and aims to start supplying electricity in the first half of next year. It is expected to provide 0.12 million kilowatt-hours of electrical utilities annually, which can be used by approximately 360 households throughout the year. It is the first privately developed solar power plant in a landfill in Hong Kong.

The solar power plant is composed of more than 1,800 photovoltaic panels, covering an area of over 0.1 million square feet.

In addition to participating in the civil and architecture engineering of the project, New World also arranged for its subsidiary datacenter service provider, New Horizon (01686.HK), to subscribe to the 'wind power certificates' linked to the above-mentioned solar power plant. The electricity generated by the power plant will be sold to CLP (00002.HK) according to the Feed-in Tariff scheme.

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