Industry Power generation Headquarters Beijing, China | Website www.chinapower.hk Founded 1994 | |
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Type State-owned enterprise (Red chip) Area served People's Republic of China Key people Chairman: Ms. Li Xiaolin Stock price 2380 (HKG) HK$ 3.04 +0.02 (+0.66%)3 Mar, 4:09 PM GMT+8 - Disclaimer Parent organization State Power Investment Corporation Subsidiaries China Power Hua Chuang Electric Power Technology Research Company Limited | ||
China Power International Development (SEHK: 2380) was incorporated in Hong Kong in 1994. The State owned PRC parent company CPI Group also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" (投资) not "International" (国际).
CPID is one of several red chip Hong Kong listed subsidiaries of five national power generating groups in the People's Republic of China. Huadian Group, Huaneng Group, and Datang Group also have Hong Kong listed subsidiaries, in each case with the word "International" added to the title. The fifth of the Big Five China power groups, Guodian Group has a listed subsidiary in Shanghai.
History
The company was incorporated in Hong Kong in 1994. It is ultimately controlled by China Power Investment Corporation, one of the five large national power generating groups administered by SASAC. CPID Limited is engaged in developing, constructing, owning, managing and operating large power plants in China. It also formed a joint-venture company with Vertex Group and China Southern Power Grid for the preparation of electricity supply to Hong Kong.
CPID was listed in the Hong Kong Stock Exchange in 2004.
In 2009 CPID acquired 63% equity interests in Wu Ling Power making hydro 18.73% of its total installed capacity, the highest of any of the Chinese IPPs. This protects the company from the costs of coal power in China, and makes its overall profile cleaner.