Power Assets Holdings Explained

Power Assets Holdings Limited
Native Name:	電能實業有限公司
Native Name Lang:	zh
Type:	Public company
Location City:	Hong Kong
Key People:	Charles Tsai (CEO)
Industry:	Public Utility
Products:	Electric service
Owner:	Cheung Kong Infrastructure Holdings (38.87%)

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.^[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.^[2]

Holdings

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%

Notes and References

1. News: Ng. Eric. Li Ka-shing's Power Assets posts lower profit after stake sale in Hong Kong unit. 25 August 2015. South China Morning Post. 23 July 2015.
2. Web site: Li Ka-shing's Power Assets shoots up on special dividend plan. Nikkei Asian Review. en-GB. 2019-02-06.
3. Web site: Our Business. Power Assets Holdings. 25 August 2015. https://web.archive.org/web/20110811041748/http://www.powerassets.com/pahWeb/OurGlobalPresence/Index_en. 11 August 2011. dead.
4. Web site: Company website.
5. News: Power Assets sells $991 mln HK Electric stake to Qatar. 25 August 2015. Reuters. 9 June 2015.