Power Assets Holdings Limited (), formerly Hongkong Electric Holdings Limited (), is a vertically integrated

electric Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by ...

utility company. It is the majority shareholder in the

Hongkong Electric Company The Hongkong Electric Company (HEC; ) is one of Hong Kong's two main electricity generation companies, the other being China Light & Power. The company is owned by several companies including Power Assets Holdings, State Grid Corporation of Chi ...

, 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 CK Infrastructure Holdings Limited (CKI), is the largest publicly listed infrastructure company in Hong Kong with diversified investments in energy infrastructure, transportation Infrastructure, water Infrastructure and infrastructure related ...

, which holds a 38.87% stake in the business.

Holdings

Power Assets Holdings has shareholdings in the following businesses: * The

(33.37%) - one of the two suppliers of electricity in the Hong Kong electricity market. * Associated Technical Services Limited *

SA Power Networks SA Power Networks is the sole electricity distributor in the state of South Australia, delivering electricity from high voltage transmission network connection points operated by ElectraNet. It is the successor to the Electricity Trust of S ...

, Australia - acquired in 2000 * Powercor Australia, - acquired in 2000 *

CitiPower Spark Infrastructure Group is an Australian investment fund which owns and manages a portfolio of electricity infrastructure assets. Spark's principal investments are 49% stakes in both SA Power Networks and Victoria Power Networks; as well a ...

, 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 Northern Gas Networks Limited is the British company responsible for distributing gas to homes and businesses across Yorkshire, the North East and northern Cumbria, England. Northern Gas Networks Limited is one of eight gas distribution networks ...

, UK - 41.29% (19.9% stake acquired in 2005) * Wellington Electricity Distribution Network - 50% acquired in 2007 *

UK Power Networks UK Power Networks is a distribution network operator for electricity covering South East England, the East of England and London. It manages three licensed distribution networks (Eastern Power Networks, South Eastern Power Networks and London Pow ...

- 40% *

Wales & West Utilities Wales & West Utilities operates the gas distribution network across Wales and South West England in the United Kingdom. It also provides the gas emergency service and delivers the iron mains risk reduction programme in those areas. History The co ...

- 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

External links

* * {{Authority control 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