China Huaneng Group

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Not to be confused with China Huadian Corporation, another power producer of People's Republic of China.
China Huaneng Corporation
中国华能集团公司
Type State-owned enterprise
Industry Electricity generation
Founded 1985 (1985)
Headquarters Beijing, People's Republic of China
Key people Cao Peixi (Chairman)
Products Electric power
Services Electric power distribution
Revenue US$21,780.7 million[when?]
Owner(s) Government of People's Republic of China
Employees 102,569[when?]
Subsidiaries Huaneng Power International
Tuas Power
Website www.chng.com.cn/eng/

China Huaneng Group Corporation 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, engaging in the investment, construction, operation and management of power generation assets and the production and sale of electricity power. In 2012, the company ranked #246 on the Fortune 500 list.

Operations[edit]

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 85 thermal and hydropower plants. In addition to its power-generation business, the company plans to enter other sectors, including finance in China, transportation in China, information technology, and renewable energy in China. The company's investment division rank #15 in China by revenue and #21 by asset size. The company owns the Changjiang Nuclear Power Plant in partnership.

Environmental projects[edit]

A sophisticated and expensive technology is to convert coal to a gas and strip out the carbon dioxide before the gas is used to generate power.[citation needed] 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.[citation needed]

Acquisitions[edit]

In March 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings for $3.04 billion. [1] In November 2008 CHNG bought 50 per cent stake in InterGen from India's GMR Group for $1.2 billion. [2]

Subsidiaries[edit]

References[edit]

  1. ^ "Huaneng buys Singapore's Tuas Power". Reuters. March 14, 2008. Retrieved December 28, 2011. 
  2. ^ "Huaneng buys GMR stake in Intergen for $1.2 bn". Business Standard. November 28, 2010. Retrieved December 28, 2011. 

External links[edit]

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