Power Assets Holdings

Updated on Oct 23, 2023

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Type Public company Products Electric service Headquarters Hong Kong		Industry Public Utility Website www.powerassets.com Founded 1890

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

(Text) CC BY-SA