 | |
| 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 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.
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.
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Lee Shau-kee GBM is a Hong Kong business magnate, investor, and philanthropist. He is a real estate tycoon and majority owner of Henderson Land Development, a property conglomerate with interests in property, hotels, restaurants and internet services. In 2019, aged 91, Lee stepped down as chairman and managing director of the company, in favour of two of his sons, Peter and Martin Lee. He retains a role as an executive director.
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.
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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.
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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.
Cambridge Water, a trading name of South Staffordshire Water PLC, is a water supply utility company serving Cambridge and the surrounding area. It was established by The Cambridge University and Town Waterworks Act, 1853 and was privately owned until it became a public limited company in 1996. It was sold to Chung Kong Infrastructure Holdings Limited (CKI) in 2004, but was sold on to HSBC in 2011. The sale was made because CKI wanted to acquire Northumbrian Water, and retaining Cambridge Water would have resulted in the takeover of Northumbrian Water being referred to the Competition Commission. It became part of South Staffordshire Water in 2013.
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, previously known as 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 North America, Europe and select high growth economies, such as India and China.
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