Power Assets Holdings Limited, formerly Hongkong Electric Holdings Limited , 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]
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%
External links
References
- Eric Ng. Li Ka-shing's Power Assets posts lower profit after stake sale in Hong Kong unit South China Morning Post, 23 July 2015, retrieved 25 August 2015^
- Li Ka-shing's Power Assets shoots up on special dividend plan Nikkei Asian Review, retrieved 2019-02-06^
- Our Business Power Assets Holdings, retrieved 25 August 2015^
- Company website^
- Power Assets sells $991 mln HK Electric stake to Qatar Reuters, 9 June 2015, retrieved 25 August 2015^