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%