Electric energy industry
Power Industry invests in energy and utilities related businesses around the world, including firepower and renewable energy generation, transmission and transportation, distribution and gas distribution. The group has been rooted in Hong Kong for more than a century and has been operating all over the world, including the UK, Australia, New Zealand, Mainland China, Thailand, the Netherlands, Portugal and Canada. In 2016, Power Industry acquired the oil pipeline assets of Husky Energy of Canada and enhanced its business in North America.
The investment in Power Industry is based on business acquisitions, followed by new development projects. The Group adheres to a proactive and prudent business strategy, investing in companies that are well regulated and developing mature markets to create stable and reliable sources of income and achieve long-term sustainable growth.
Power Industry is one of the constituent stocks of the Hang Seng Index. In addition, it is also listed among the nine Hong Kong constituent stocks of the Dow Jones Sustainability Asia Pacific Index and is selected as a constituent of the Hang Seng Corporate Sustainability Index.
In 1976, Hongkong Electric Co., Ltd. was established.
In 1997, a wholly-owned subsidiary, Hongkong Electric International Co., Ltd. (Hongkong Electric International) was established.
In January 2000, HEC International and Yangtze River Infrastructure Group Co., Ltd. successfully joined forces in Australia to purchase a 200-year Electric Trust of South Australia (ETSA) distribution business.
In July 2002, HEC International and Changjian successfully acquired Citipower, which supplies electricity to Melbourne and its surrounding suburbs.
In June 2005, HEC International acquired Northern Gas Networks Limited, one of the UK's gas distribution networks, and now holds 41.29% of the shares.
In July 2008, HEC International acquired a 50% stake in Wellington Electricity Network, a distributor in Wellington, New Zealand.
In 2010, Changjiang Infrastructure and HEC completed the acquisition of the UK power grid, and the asset transaction involved HK$70 billion.
On February 16, 2011, the company name was changed from Hongkong Electric Group Co., Ltd. to Electric Power Industrial Co., Ltd.
In 2012, Changjiang Infrastructure and Power Industry developed Australia's renewable energy transmission business. The Yangtze River Infrastructure Leading Group acquired the UK's Wales & West Utilities.
In 2013, the Yangtze River Infrastructure Leading Group spent HK$9.7 billion to acquire the largest waste-to-energy company in the Netherlands.
In 2016, Power Industry and Yangtze River Infrastructure purchased the Husky Energy Pipeline in Canada.
As an energy investment company, Power Industry focuses on a stable and well-regulated market in the world. Its operating companies are involved in energy production and distribution, providing stable and reliable income to the Group. The Group's business portfolio includes coal, natural gas, renewable energy and fuel.
In 2016, the UK remained the largest market for the Power Industry. The Group has four operating companies in the region, engaged in power generation, distribution and gas distribution. The performance of the three key indicators of revenue, efficiency and customer service of the four companies is highly appreciated.
Hongkong Electric Co., Ltd. (Hong Kong Electric) is the flagship business of Power Industry and has been supplying electricity to Hong Kong since 1890. The company produces and distributes affordable and reliable electricity to customers in Hong Kong Island and Lamma Island. With excellent power supply reliability, customer service and emissions performance, HEC provides an indispensable driving force for Hong Kong's social and economic development.
Power Industry has four operating companies in Australia, operating a total of more than 183,200 kilometers of distribution network and 25,000 kilometers of gas pipelines, serving approximately 3.217 million customers.
In mainland China, Power Industry has five power generation businesses, including wind farms in Dali, Yunnan Province and Laoting in Hebei Province, coal-fired power plants in Zhuhai and Jinwan, Guangdong Province, and thermal power plants in Siping, Jilin Province. The total power generation capacity of the five projects totaled 2,88,000 MW.
Company Name Power Industry Co., Ltd.
Official website https://www.powerassets.com/en
Chairman of the Board of Directors Huo Jianning
Chief Executive Officer Cai Yizhong
Chief Financial Officer Chen Jihan
Hong Kong Stock Exchange
Address: Room 1913-1914, 19th Floor, Hutchison Building, 10 Harcourt Road, Hong Kong
Li Ka-shing, the largest shareholder
MARCH 29, 2018