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Type | Private |
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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 with 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 Li Ka-shing 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 a port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. As of July 2023, Li is the 33rd richest person in the world, with an estimated net wealth of US$37.7 billion.
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