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Power Assets Holdings

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]

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

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 edit

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 edit

  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. ^ . 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 edit

  • Business data for Power Assets Holdings:
    • Bloomberg
    • Google
    • Reuters
    • Yahoo!
  • Official website

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, vertically, integrated, electric, utility, company, majority, shareholder, hongkong, electric, company, having, reduced, holding, company. 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 Power Assets Holdings LimitedNative name電能實業有限公司Company typePublic companyTraded asSEHK 6Hang Seng Index componentIndustryPublic UtilityHeadquartersHong KongKey peopleCharles Tsai CEO ProductsElectric serviceOwnerCheung Kong Infrastructure Holdings 38 87 Websitewww wbr powerassets wbr com 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 editPower 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 amp 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 edit 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 Li Ka shing s Power Assets shoots up on special dividend plan Nikkei Asian Review Retrieved 2019 02 06 Our Business Power Assets Holdings Archived from the original on 11 August 2011 Retrieved 25 August 2015 Company website Power Assets sells 991 mln HK Electric stake to Qatar Reuters 9 June 2015 Retrieved 25 August 2015 External links edit nbsp Wikimedia Commons has media related to Hongkong Electric Business data for Power Assets Holdings BloombergGoogleReutersYahoo Official website Retrieved from https en wikipedia org w index php title Power Assets Holdings amp oldid 1123827795, wikipedia, wiki, book, books, library,

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