Suvarna Garge (Editor)

Power Assets Holdings

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Covid-19
Type  Public company
Products  Electric service
Headquarters  Hong Kong
Industry  Public Utility
Website  www.powerassets.com
Founded  1890
Power Assets Holdings httpswwwpowerassetscomlayouts15pahimages
Stock price  0006 (HKG) HK$ 67.20 +0.25 (+0.37%)24 Mar, 4:09 PM GMT+8 - Disclaimer
Owner  Cheung Kong Infrastructure Holdings (38.87%)
Subsidiaries  Wellington Electricity, Iberwind

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.

Holdings

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%
  • References

    Power Assets Holdings Wikipedia


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