CEM (Macau)

Companhia de Electricidade de Macau
澳門電力股份有限公司
Industry Electrical power
Founded 1972 (1972)
Headquarters Municipality of Macau
Macau
Key people
Xu Kaicheng (Chairperson)
João Marques da Cruz (Vice Chairperson)
Bernie Leong (CEO)
Products Electricity
Services Electricity distribution and transmission
Website www.cem-macau.com
CEM Headquarter
CEM Taipa Service Centre

Companhia de Electricidade de MacauCEM, S.A. (CEM; Chinese: 澳電) is a private public utility company with a sole concession to transmit, distribute, sell high, medium and low voltage of electricity in Macau. Besides, CEM owns an installed generation capacity of 472 MW.

History

From 1906 to 1972, the electricity supply service was managed by the Macao Electric Lighting Company Ltd. (now Melco International Development), which had its headquarters in British Hong Kong. In 1972, due to non-fulfilment of its concession contract with the former Portuguese administration, the company was replaced by CEM.

CEM was restructured with the former Portuguese administration's support in 1982. In 1985, CEM signed the 25-year concession contract. It has since scored achievements in the areas of cost-effectiveness and technology.

In November 2010, the Macau SAR government and CEM signed the Power Supply Contract Extension for 15 years. The new contract terms came into effect on 1 December 2010.

Shareholders

Before 1987, the largest shareholder of CEM was the Government of Macau. But ever since that, the government had been reducing its share until the current 8%.[1] Shares of CEM are currently owned by Sino French Energy Development Co., Ltd. (42%), EDP Asia-Investment and Consultancy Ltd. (21%), Polytec Industrial Ltd. (11%), Asiainvest (IP Holding) (10%), China Power International Holding Ltd (6%), Government of Macau (8%), other 800 local shareholders (2%).[2]

Organizational structures

Facilities

CEM has 2 power stations and 22 substations across Macau:[4]

Distribution of electricity generated at the power stations are delivered by an underground network.[5]

See also

Wikimedia Commons has media related to CEM (macau).

References

This article is issued from Wikipedia - version of the 7/27/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.