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
