title: Power Assets Holdings
text: # Power Assets Holdings
  
  Power Assets Holdings Limited (Chinese: 電能實業有限公司), 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.
  
  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%
  