Power Assets Holdings Limited 0006

Overview

Power Assets Holdings Limited is a prominent investment holding company that has established its presence in the energy sector by focusing on the generation, transmission, and distribution of electricity. With a history dating back to its founding year in 1889, the company initially known as Hongkong Electric Holdings Limited rebranded itself to Power Assets Holdings Limited in February 2011, signifying a strategic pivot in its business direction. The company boasts a diverse portfolio that spans across various countries, including Hong Kong, the United Kingdom, Australia, Mainland China, and other international markets.

Its operations are varied and encompass energy generation from thermal sources, renewable energy, and waste, highlighting the company's commitment to exploring diverse energy solutions. Power Assets Holdings Limited takes pride in its substantial generation capacity, which includes 948 MW from renewable energy and energy from waste, 5,258 MW from gas-fired sources, and 3,569 MW from coal or oil-fired facilities. The company's extensive transmission and distribution network is a testimony to its vast infrastructure, featuring 114,600 km of gas/oil pipelines and 405,500 km of power networks that collectively serve over 19.45 million customers. Besides its core operations, Power Assets Holdings Limited also delves into providing trust administration and management services, adding a financial dimension to its multifaceted portfolio.

Products and Services

Power Assets Holdings Limited offers a comprehensive range of products and services catering to the energy sector. These include:

• Electricity Generation: The company operates a significant capacity in electricity generation, leveraging various sources including thermal, renewable energy, and waste. This diversification in energy sources underscores the company’s effort to promote sustainability and reduce carbon emissions.
• Transmission and Distribution: Power Assets is deeply involved in the transmission and distribution of oil and gas, featuring an extensive network that ensures reliable energy supply. Their operations in this domain showcase their capability to manage and maintain a vast and complex infrastructure network.
• Renewable Energy Initiatives: With a generation capacity of 948 MW from renewable energy and energy from waste, the company is at the forefront of adopting green technologies. This indicates Power Assets Holdings Limited’s commitment to investing in sustainable energy solutions and reducing the environmental impact of energy generation.
• Oil and Gas Services: Beyond electricity, the company is also engaged in the transmission and distribution of oil and gas. This diversification allows them to cater to a broader spectrum of energy needs in the markets they serve.
• Trust Administration and Management Services: Expanding beyond the traditional energy sector, Power Assets Holdings Limited also offers financial services related to trust administration and management. This aspect of their business underscores the versatility of the company's services and its ability to offer comprehensive solutions to its clients.