Revenue 21.78 billion USD Founded 1985 | ||
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Industry Electricity generationEnergy and resources Number of locations 130 power plants in 2015 Key people Cao Peixi (Chairman)]Huang Yongda (Secretary) Services Electric power distribution Owner Government of People's Republic of China Subsidiaries | ||
China huaneng group
China Huaneng Group Corporation, as known as CHNG or Huaneng Group, is one of the five largest state-owned electric utility enterprises in China, administrated by the State Council of the People's Republic of China. It engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity power. In 2012, the company was ranked the 246th on the Fortune 500 list.
Contents
- China huaneng group
- Operations
- Environmental projects
- Acquisitions
- Beijing Headquarter
- Subsidiaries
- Regional Branches
- Research
- References
Operations
The company oversees the national government's interests in 10 subsidiaries, including a 51% stake in Huaneng Power International. Through subsidiaries it develops and operates more than 130 thermal, wind power and hydropower plants. In addition to its power-generation business, the company enters other sectors, including energy-related mining, financing, transportation, information technology, and renewable energy researches. The company's investment division ranks the 15th in China by revenue and the 21st by asset size. The company owns the Changjiang Nuclear Power Plant in partnership with China National Nuclear Corporation, as well as the Beijing Huaneng Thermal Power Station. The latter, however, is to be closed by 2016 as part of Beijing's plan to eradicate pollution.
Environmental projects
A sophisticated and expensive technology is to convert coal to gas and strip out the carbon dioxide before the gas is used to generate power. It has a billion dollar project underway called the GreenGen project led by China Huaneng Group, that is scheduled to go online by 2011 at the latest.
Acquisitions
In March 2008 CHNG acquired Singapore-based Tuas Power Ltd from Temasek Holdings for $3.04 billion. In November 2008 CHNG bought 50 per cent stake in InterGen from India's GMR Group for $1.2 billion.
Beijing Headquarter
The headquarter of Huaneng Group is located on the Chang'an Street of Beijing, only about 3 kilometers from Tian'anmen. In the headquarter, there are several subsidiaries and departments to take charge of different types of business. Major departments in the Beijing headquarter include:
Subsidiaries
The Huaneng Group runs several subsidiaries corresponding to various types of energy industries. Most of those subsidiaries are based in the Beijing headquarter, with the exception of the Huaneng Renewables Company located in Hong Kong.
Regional Branches
In addition to Beijing headquarter, Huaneng Group also have branches and companies in at least 29 different provinces or autonomous regions of China. Those regional branches and companies are in real charge of local power plants and electricity generation in each province or region, as well as some other related business. Currently, Huaneng's regional companies and branches include:
Research
China Huaneng Group also takes on science and technology researches in energy-related fields. The company's current research directions and interests include: