HK Electric Investments

Following a meeting of the Executive Council to discuss land reclamation, Bendyshe Layton suggested to Sir Catchick Paul Chater that Hong Kong acquire an electricity generator. Chater, who was to remain a director of the new Hong Kong Electric Company for 37 years, took charge of raising finance for the project. The total capital of $300,000 was divided into 30,000 shares, half of which were offered to the public. As a result, the first power station in Hong Kong was secretly built on the site of an old graveyard in Star Street, Wan Chai. The plant was designed by electrical engineer William Wickham who subsequently remained its manager until 1910. At 6:00 p.m. on 1 December 1890, 50 street lights along Queen's Road Central, Battery Path and Upper Albert Road were switched on. The lights failed on the second night then again one week later. Thereafter there were no further faults for 26 years. Street lighting was later extended west as far as Bonham Strand and Caine Road then later along Queens Road East and Wanchai Road to Mission Hospital Hill . In the 1890s, as electricity became popular, the first private houses were connected to the company's supply to power lights and fans. On the commercial front, a substation was built in 1898 to service the lifts of the new tall buildings mushrooming along the waterfront. By 1905 the company was supplying power for 15 lifts, thousands of lamps as well as for street lighting. The power grid was extended underground to West Point then later to Victoria Peak and Shau Kei Wan. By 1916, Aberdeen and Ap Lei Chau were also connected. One by one large organisations like Dairy farm, Taikoo Docks, the Peak Tram and the University of Hong Kong which had formerly generated their own supplies, switched to the company's supply. In 1924 there were 1,369 street lamps lit by gas with only 469 powered by electricity. However, by 1936, few gas lamps remained.

During the Japanese invasion of Hong Kong in December 1941, a number of staff at the North Point power plant held the Japanese at bay in an epic defence. Casualties from the battle included the plant's manager Vincent Sorby, who died in a prison camp of wounds received during the attack.

A second power plant was built in North Point in 1919 and a third at Ap Lei Chau in 1968 which was decommissioned in 1989. Since 1990, all HEC's electric generators have been situated at the Lamma Power Station.Hongkong Land , which owned a 34% stake in the company, underwent a restructuring in January 1985 whereby it was forced to sell its stake in the company for HK$3 billion to reduce debt levels.The company is now controlled by Li Ka-shing's Cheung Kong Holdings as part of listed company Power Assets Holdings Limited, which before February 2011 was known as "Hongkong Electric Holdings Limited".