China Yangtze Power
|Traded as||SSE: 600900|
|Li Yongan (Chairman)|
|Parent||China Three Gorges Corporation|
China Yangtze Power (CYPC) is a Chinese utilities company, headquartered in Beijing. The company is listed on the SSE 50 Index on the Shanghai Stock Exchange. A controlling share is held by the parent company China Three Gorges Corporation (CTG, 中国长江三峡集团公司), a state-owned enterprise under SASAC.
The enterprise produces and sells energy to customers. China Yangtze Power was founded on 4 November 2002 and was brought on 18 November 2003 to the Shanghai Stock Exchange. China Yangtze Power originated from a cooperation of Chinese enterprises: Huaneng Power International, China National Nuclear Corporation, China National Petroleum Corporation, Gezhouba Water Resources and Hydropower Engineering Group as well as the Changjiang Institute of Survey, Planning, Design and Research.
Three Gorges Dam Hydroelectric Plants
The Three Gorges Dam above ground hydroelectric plant became fully operational in 2010 and has an installed capacity of 18.2GW (26 x 700MW). These units have been progressively acquired from the majority owner China Three Gorges Corporation as they have been built. A final underground hydroelectric plant is expected to be transferred by 2012.
Gezhouba Hydroelectric Plants
The company sells its electricity via China State Grid Corporation mainly to Central China (Hubei, Hunan, Henan, Jiangxi and Chongqing), East China (Shanghai, Jiangsu, Zhejiang and Anhui) and Guangdong Province.