Power Assets Holdings
 | |
| Public company | |
| Industry | Public Utility |
| Headquarters | Hong Kong |
| Products | Electric service |
| Website | www.powerassets.com |
Power Assets Holdings Limited (電能實業有限公司 SEHK: 0006) is a vertically integrated electric utility company. Its subsidiary Hongkong Electric Company was the first company to provide electricity in Hong Kong. The service has been running in continuation since the 19th century. Hong Kong Electric operates as a monopoly of electricity on Hong Kong Island.
Before 11 February 2011 the holding company was known as Hongkong Electric Holdings Limited (Chinese: 香港電燈集團有限公司) On 27 September 2013, Power Assets announced that the company is seeking to sell Hongkong Electricity Company for USD 5 billion.[1]
Corporate Structure
Cheung Kong (Holdings) Limited
- owns 49.7% of:
Hutchison Whampoa Limited
- which owns 84.58% of:
Cheung Kong Infrastructure Holdings Limited
- which owns 38.87% of:
Power Assets Holdings Limited
Under Power Assets Holdings Limited there are three major subsidiaries:
- The Hong Kong Electric Company Ltd. - one out of the two suppliers of electricity in the Hong Kong electricity market.
- Power Assets Investments Limited (previously known as Hong Kong Electric International Limited) - the international arm of the company. The unit consists of:
- Zhuhai Power 45%
- ETSA Utilities, 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 Limited, 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%
- Associated Technical Services Limited
See also
- CLP Power
References
External links
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Wikimedia Commons has media related to Hongkong Electric. |
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