From Surf Wiki (app.surf) — the open knowledge base

Power Assets Holdings

Field	Value
name	Power Assets Holdings Limited
logo	Power Assets Holdings.png
native_name	電能實業有限公司
native_name_lang	zh
type	Public
traded_as
location_city	Hong Kong
key_people	Charles Tsai (CEO)
industry	Public Utility
products	Electric service
owner	Cheung Kong Infrastructure Holdings (38.87%)
homepage

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.

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%
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

(23 July 2015). "Li Ka-shing's Power Assets posts lower profit after stake sale in Hong Kong unit". South China Morning Post.
"Li Ka-shing's Power Assets shoots up on special dividend plan".
"Our Business". Power Assets Holdings.
"Company website".
(9 June 2015). "Power Assets sells $991 mln HK Electric stake to Qatar". Reuters.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-listed-on-the-hong-kong-stock-exchange ck-hutchison-holdings electric-power-companies-of-hong-kong companies-in-the-hang-seng-index energy-companies-established-in-1976 1976-establishments-in-hong-kong

Want to explore this topic further?

Ask Mako anything about Power Assets Holdings — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report