Energy loans available to CLP, HK Electric customers

Loans to finance business customers of CLP Hong Kong and Hongkong Electric Co. Ltd. for energy efficiency are now available at HSBC.

To be eligible to participate in the scheme, business customers can undergo an energy efficiency technical assessment by their electricity suppliers. China Light and Power and Hong Kong Electric will subsidise successful applicants by reimbursing them for the business loan interest incurred for up to five years from the loan draw down date.

"HSBC works closely with the community to protect the environment. We are proud to support the Energy Efficiency Loan Scheme to help business customers implement energy-saving initiatives. This is a win-win programme: Hong Kong businesses save operating costs and loan interest and the whole community benefits by realising energy savings that are beneficial for our environment," said Albert Chan, HSBC’s Head of Commercial Banking in Hong Kong.

HSBC is the first bank in Hong Kong to partner with the two electricity providers in their energy efficiency programmes.

Also in 2007, the bank launched Green Equipment Financing, the first financing product to support eco-friendly business in Hong Kong, to encourage business customers to invest in environmentally friendly equipment. More than HK$220 million in loans have been approved to date.