Power Assets Holdings
 | |
| Company type | Public company |
|---|---|
| Industry | Public Utility |
| Headquarters | |
| Products | Electric service |
| Owner | Cheung Kong Infrastructure Holdings (38.87%) |
| Website | www |
Power Assets Holdings Limited (電能實業有限公司 SEHK: 6), 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.[1]
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.
Holdings
Power Assets Holdings has shareholdings in the following businesses:[2]
- The Hongkong Electric Company (33.37%)[3] - 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%
References
- ^ 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.
External links
Wikimedia Commons has media related to Hongkong Electric.
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