Competition Commission chairwoman Anna Wu Hung-yuk says access to power grids is critical to foster competitors for CLP Power and HK Electric.
The Hongkong Electric Company ("HK Electric") is one of Hong Kong's two major electricity providers. It is controlled by multinational conglomerate CK Hutchison Holdings Limited, which has five core businesses ‐ ports and related services, retail, infrastructure, energy and telecommunications in over 50 countries. . The conglomerate is headed by Li Ka-shing, one of Asia’s wealthiest men, who has been nicknamed “Superman” because of his investment prowess.