 | |
| Company type | Private |
|---|---|
| Industry | Energy |
| Founded | 2005 |
| Headquarters | Newport, Wales, United Kingdom |
Area served | Wales, South West England |
| Products | Gas Distribution |
| Owner | CK Hutchison |
| Website | www |
Wales & West Utilities operates the gas distribution network across Wales and South West England in the United Kingdom. It also provides the gas emergency service and delivers the iron mains risk reduction programme in those areas. [1]
The company was set up following National Grid plc's decision to sell four of its local gas distribution networks in order to raise funds for expansion.
The Wales & West Utilities consortium, led by the Macquarie European Infrastructure Fund, made a successful bid for the area, and began operations on 1 June 2005. It moved to its current headquarters at Celtic Springs Business Park, Newport, in June 2006. It operates around 35,000 km of gas pipelines serving an estimated population of 7.5 million. [2] In 2012, the company was sold to several companies controlled by Li Ka Shing. [3] [4]
The company has operational bases in Wrexham, Flint, Colwyn Bay, Haverfordwest, Swansea, Cardiff, Newport, Evesham, Swindon, Bristol, Bath, Trowbridge, Bridgwater, Weston Super Mare, Exeter, Bideford, Torquay, Plymouth and Redruth. [5]
Sir Ka-shing Li is a Hong Kong billionaire business magnate, investor, and philanthropist. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings, after he retired from the Chairman of the Board in May 2018; through it, he is an investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. In July 2023 Li was the 33rd richest person in the world, with an estimated net wealth of US$37.7 billion. In the March 2024 Forbes list of The Richest People In The World Li Ka-shing was ranked 38th with a net worth of $37.3 billion.
Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a diverse array of holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand. Its businesses also included retail, property development, and infrastructure.
Victor Li Tzar-kuoi is a Hong Kong businessman, the chair of the board and group co-managing director of CK Hutchison Holdings Limited and the chairman of the board and managing director of CK Asset Holdings Limited and the Chairman of CK Infrastructure Holdings Limited. He is the elder son of tycoon Li Ka-shing and the brother of Richard Li.
Cheung Kong (Holdings) Limited, is a multinational conglomerate, based in Hong Kong. It was one of Hong Kong's leading multi-national conglomerates. The company merged with its subsidiary Hutchison Whampoa on 3 June 2015, as part of a major reorganisation, to become part of CK Hutchison Holdings.
National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks, and in the Northeastern United States, where as well as operating transmission networks, the company produces and supplies electricity and gas, providing both to customers in New York and Massachusetts.
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.
Solina Chau Hoi Shuen is a businesswoman in Hong Kong, a business partner in the Cheung Kong Group, and the director of the Li Ka Shing Foundation. She is also a major stockholder in Tom.com, a publication and advertising company in the People's Republic of China, and ChromaDex in the United States.
EDF Energy is a British integrated energy company, wholly owned by the French state-owned EDF, with operations spanning electricity generation and the sale of natural gas and electricity to homes and businesses throughout the United Kingdom. It employs 11,717 people, and handles 5.22 million business and residential customer accounts.
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CK Infrastructure Holdings Limited (CKI) is the largest publicly listed infrastructure company in Hong Kong with diversified investments in energy infrastructure, transportation Infrastructure, water Infrastructure and infrastructure related business, parented by CK Hutchison Holdings, businessman Li Ka Shing's flagship company. It is a leading player in the global infrastructure arena in Hong Kong, Mainland China, Australia, New Zealand, the United Kingdom, Continental Europe and North America. The chairman is Victor Li, the elder son of Li Ka Shing.
The United Kingdom's National Transmission System (NTS) is the network of gas pipelines that supply gas to about forty power stations and large industrial users from natural gas terminals situated on the coast, and to gas distribution companies that supply commercial and domestic users. It covers Great Britain, i.e. England, Wales and Scotland.
Electricity North West Limited is a British electricity distribution network operator, responsible for the administration and maintenance of the network, that distributes electricity to much of North West England.
UK Power Networks (UKPN) is a distribution network operator for electricity covering South East England, the East of England and London. It manages three licensed distribution networks which together cover an area of 30000 square kilometres and approximately eight million customers.
AS Watson Group is the world's largest international health and beauty retailer by number of stores, with over 16,500 stores in 28 markets, primarily in Asia and Europe.
Multinet Gas Networks (MGN) is an Australian energy company and one of three Victorian natural gas distribution networks. MGN is one of three main companies that make up Australian Gas Infrastructure Group (AGIG), the other two being Australian Gas Networks (AGN) and Dampier to Bunbury Pipeline (DBP).
CK Asset Holdings Limited, formerly Cheung Kong Property Holdings Limited, is a property developer registered in the Cayman Islands, with its headquarters and principal place of business in Hong Kong.
CK Hutchison Holdings Limited is a Hong Kong–based and Cayman Islands–registered multinational conglomerate corporation. The company was formed in March 2015 through the merger of Cheung Kong Holdings and its main associate company Hutchison Whampoa. It has four core businesses – ports and related services, retail, infrastructure and telecommunications – which operate in over 50 countries, as well as several other investments around the world.
I Squared Capital is a private equity firm focusing on global infrastructure investments. The company invests in energy, utilities, transport and telecom projects in Asia, Europe, and the Americas. As of November 2024, I Squared Capital controls more $40 billion in assets under management.
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