Power Assets Holdings

Power Assets Holdings Limited
Public company
Traded as SEHK: 6
Industry Public Utility
Headquarters Hong Kong
Products Electric service
Owner Cheung Kong Infrastructure Holdings (38.87%)
Website www.powerassets.com

Power Assets Holdings Limited (Chinese: 電能實業有限公司), 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

  1. ↑ 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.
  2. ↑ "Our Business". Power Assets Holdings. Retrieved 25 August 2015.
  3. ↑ "Power Assets sells $991 mln HK Electric stake to Qatar". Reuters. 9 June 2015. Retrieved 25 August 2015.
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