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Power Assets

#1280

Rank

$14.35B

Marketcap

HK Hong Kong

Country

Power Assets
Leadership team

Mr. Kin Ning Fok B.A., BA, DFM, F.C.A., FCA (ANZ) (Chairman)

Mr. Chao Chung Tsai BAppScMechEng, BSME, CPEng (CEO & Exec. Director)

Mr. Andrew John Hunter M.A., M.B.A., MA, MBA, MDBA, MHKICPA, MICAS (Exec. Director)

Products/ Services
Electrical Distribution, Energy, Energy Management, Renewable Energy
Headquarters
Central, Hong Kong Island, Hong Kong
Established
1890
Net Income
500M - 1B
Revenue
100M - 500M
Traded as
0006.HK
Social Media
Overview
Location
Summary
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; holds property and deposits; and provides consulting, investing, trust administration, and management services. It has a generation capacity of 1,064 MW renewable energy/energy from waste, 5,214 MW gas fired, and 3,815 MW coal/oil fired; and operates 114,200 km of gas/oil pipeline, as well as 402,500 km of power network serving 19,344,000 customers. The company was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong.
History

Power Assets Holding Limited was incorporated in March 1989 and listed on the Hong Kong Stock Exchange in April 1994. The company's main business is to run its core businesses of electricity generation and supply through its two major operating subsidiaries The Hongkong Electric Company, Limited (HKE) and HK Electric Investments Limited (HKEI).

Mission
We build sustainable relationships and trust with customers, colleagues and other stakeholders based on our ethical and moral values.
Vision
To be the leading integrated energy solutions provider delivering superior quality and services through innovation and technology.
Key Team

Mr. Chi Tin Wan (Exec. Director)

Mr. Neil Douglas McGee (Exec. Director)

Mr. Loi Shun Chan FCCA, FCPA (Exec. Director)

Mr. Kee Ham Chan (Chief Financial Officer)

Mr. Wai Cheong Ng LLB (Group Legal Counsel & Company Sec.)

Recognition and Awards
Power Assets is the recipient of the New Initiation Award for positive socio-environmental energy investment initiatives in 2019. The company was also awarded the Self Challenge Initiative Award in 2018 for building an industry-leading health and safety record.
References

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Power Assets
Leadership team

Mr. Kin Ning Fok B.A., BA, DFM, F.C.A., FCA (ANZ) (Chairman)

Mr. Chao Chung Tsai BAppScMechEng, BSME, CPEng (CEO & Exec. Director)

Mr. Andrew John Hunter M.A., M.B.A., MA, MBA, MDBA, MHKICPA, MICAS (Exec. Director)

Products/ Services
Electrical Distribution, Energy, Energy Management, Renewable Energy
Headquarters
Central, Hong Kong Island, Hong Kong
Established
1890
Net Income
500M - 1B
Revenue
100M - 500M
Traded as
0006.HK
Social Media