China Huaneng Group

China Huaneng Corporation
中国华能集团公司

File:China Huaneng Group logo.jpg
Company 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
Owner	Government of People's Republic of China
Number of employees	102,569
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 rank #246 from Fortune 500 list.

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 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.

Acquisitions

In March 2008 CHNG acquired Singapore-based Tuas Power 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.

Subsidiaries

• Huaneng Power International, which is listed on the Hong Kong Stock Exchange, Shanghai Stock Exchange and New York Stock Exchange, is the Group's main thermal power subsidiary, holding about one third of the Group's installed thermal capacity.
• Huaneng Renewables Company is due to be listed in Hong Kong.

External links

• China Huaneng Group