Power Assets Holdings

Power Assets Holdings Limited

Type	Public company
Industry	Public Utility
Headquarters	Hong Kong
Products	Electric service
Owner	Cheung Kong Infrastructure Holdings (38.87%)
Website	www.powerassets.com

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.^[1]

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:^[2]

• The Hongkong Electric Company (33.37%)^[3] - 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

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. "Our Business". Power Assets Holdings. Retrieved 25 August 2015.
3. "Power Assets sells $991 mln HK Electric stake to Qatar". Reuters. 9 June 2015. Retrieved 25 August 2015.

External links

• Official website