Power Assets Holdings
|Owner||Cheung Kong Infrastructure Holdings (38.87%)|
Power Assets Holdings Limited (電能實業有限公司 SEHK: 0006), formerly Hongkong Electric Holdings Limited (Chinese: 香港電燈集團有限公司), is a vertically integrated electric utility company. It is the majority shareholder in the Hongkong Electric Company, having reduced its holding in the company through a series of share sales, the most recent being in June 2015.
The company owns significant holdings in a number of energy providers and networks around the world, in partnership with its parent company Cheung Kong Infrastructure Holdings, which holds a 38.87% stake in the business.
Power Assets Holdings has shareholdings in the following businesses:
- The Hongkong Electric Company (33.37%) - one of the two suppliers of electricity in the Hong Kong electricity market.
- Associated Technical Services Limited
- SA Power Networks, Australia - acquired in 2000
- Powercor Australia, - acquired in 2000
- CitiPower, Australia - acquired in 2002 and jointly owned by HEC's parent Cheung Kong International
- Ratchaburi Power Company Limited, Thailand - 25% stake with Ratchaburi Power Company
- Northern Gas Networks, UK - 41.29% (19.9% stake acquired in 2005)
- Wellington Electricity Distribution Network - 50% acquired in 2007
- UK Power Networks - 40%
- Wales & West Utilities - 30%
- Ng, Eric (23 July 2015). "Li Ka-shing's Power Assets posts lower profit after stake sale in Hong Kong unit". South China Morning Post. Retrieved 25 August 2015.
- "Our Business". Power Assets Holdings. Retrieved 25 August 2015.
- "Power Assets sells $991 mln HK Electric stake to Qatar". Reuters. 9 June 2015. Retrieved 25 August 2015.
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