Water Supplies Department

SCA 2018 Project Owner (Public Sector) - Gold Award

Tai Po Water Treatment Works is now undergoing an expansion to double its output capacity to 800,000 m³ per day upon completion. Being keenly aware of the responsibility towards sustainable construction, the plant is designed to merge into the surrounding landscape harmoniously by adopting the award-winning stacked design of different treatment processes to minimize the plant footprint with various green features. The plant also adopts photovoltaic panels to utilize renewable energy and water recycling systems to conserve precious water resources.

The project adopts numerous innovative and creative initiatives including reuse of waterworks sludge and stacked process design to preserve the natural habitat. Various greening, energy efficient, water saving and sustainable features have been developed for both the new and existing buildings to make the facility the first water treatment works achieving the BEAM Plus Provisional Platinum accreditation in 2017.

It has adopted Building Information Modelling (BIM) technology to facilitate its design of the on-site chlorine generation plant. BIM helped the project team visualize in advance the spatial arrangement of the equipment in relation to the surrounding environment. This resulted in higher efficiency in formulating an engineering solution. The successful adoption of the technology has won the Autodesk HK BIM Awards 2017.

It is located in a remote area surrounded by hilly terrain with limited space. The plant is compact with stacking of multi-treatment processes in multi-level buildings to minimize the facility footprint, thereby conserving the surrounding natural habitat. With such design, this environmentally friendly facility has won the 2006 Project Innovation Award from the International Water Association.

About the Model

The HKSAR Chief Executive had announced in the 2017 Policy Address to position Hong Kong as an Asia’s green finance hub for raising green capital. In view of the substantial GDP contributed by the construction sector annually, the construction industry has a high potential to meet the trend of green finance. Thus, there is a need to well define the green standard and system to facilitate the application of green finance in construction industry.

The Model aims to act as an interactive guide on environmental practices and advanced technologies for construction projects which is compatible with international green bond/loan principle. Green finance can mobilise capital for green and low carbon investments in the construction industry. Public owners, developers, contractors and suppliers could issue green financial instruments for funding their projects with reference to the guideline of this model.

Interactive guide to classify construction practices based on green finance principle

Interactive guide to classify construction practices based on green finance principles

User-friendly model for set up its own checklist and sustainability KPIs

User-friendly model for set up its own checklist and sustainability KPIs

Sustainable hub to share latest local and intentional solutions

Sustainable hub to share latest local and international solutions

Why the Industry Needs Green Finance?

  • Green finance providing benefits for assisting the transition from the ‘brown’ to the ‘green’ construction.
  • Green finance can mobilise capital for green and low carbon investments in the construction industry
  • Stakeholders can seek opportunities for long pay back initiatives and low interest rates when adopting advanced and innovative measures.
  • To encourage investors from the Mainland along the Belt and Road as well as international investors to arrange green financing through Hong Kong construction capital markets.

Components of Green Bond/Loan Principles

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Green bond/ loan proceeds are to be applied for environmental (or “green”) projects with an indicative list of eligible project categories. See the figure below for the 10 eligible Green Project Categories.

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Recommends issuers/ borrowers to disclose their overall green objectives, the process used to determine eligibility of green projects, and the process to manage environmental and social risks of these projects.

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The net proceeds of the Green Bond/ Loan, or an amount equal to these net proceeds, should be credited to a sub-account, moved to a sub-portfolio or otherwise tracked by the issuer/ borrower in an appropriate manner, and attested to by the issuer/ borrower in a formal internal process linked to the issuer’s/ borrower’s lending and investment operations for green projects.

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Recommends annual reporting of the amounts allocated and results of the eligible green projects.

Green Project Categories

Key Features

no. of sustainability measures compatible with international green bond and green loan principle
41
no. of sustainability measures compatible with international green bond and green loan principles
no. of stakeholders and green finance experts engaged
162
no. of stakeholders and green finance experts engaged
no. of pilot projects
30
no. of pilot projects

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