American Electric Power has signed an agreement to sell CitiPower, AEP’s retail electricity and gas supply and electricity distribution subsidiary in Australia, to Cheung Kong Infrastructure Holdings Ltd (CKI) and Hong Kong Electric (HKE). Concurrent with the sale, Origin Energy Ltd will purchase the electricity retail business of CitiPower from CKI and HKE. “The divestiture…
HONGKONG: CKI, Hongkong Electric to buy over Australia’s CitiPower
Posted on July 22, 2002 by EnergyAsia