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Power Assets Holdings

From Wikipedia, the free encyclopedia

Power Assets Holdings Limited
Native name
電能實業有限公司
Company typePublic company
IndustryPublic Utility
Headquarters
Key people
Charles Tsai (CEO)
ProductsElectric service
OwnerCheung Kong Infrastructure Holdings (38.87%)
Websitewww.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.[2]

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Transcription

Holdings

Power Assets Holdings has shareholdings in the following businesses:[3][4]

  • The Hongkong Electric Company (33.37%)[5] - 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%
  • Canadian Power Holdings Inc. - 50%
  • Husky Midstream Limited Partnership - 48.75%
  • Dutch Enviro Energy - 27%
  • Energy Developments Limited - 20%
  • Jinwan Power Plant - 45%
  • Dali and Laoting Wind Farms - 45%

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. ^ "Li Ka-shing's Power Assets shoots up on special dividend plan". Nikkei Asian Review. Retrieved 2019-02-06.
  3. ^ "Our Business". Power Assets Holdings. Archived from the original on 11 August 2011. Retrieved 25 August 2015.
  4. ^ "Company website".
  5. ^ "Power Assets sells $991 mln HK Electric stake to Qatar". Reuters. 9 June 2015. Retrieved 25 August 2015.

External links

  • Business data for Power Assets Holdings:
  • Official website
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This page was last edited on 25 November 2022, at 22:26
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