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China Power Investment Corporation

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State Power Investment Corporation
Native name
[国家电力投资集团] Error: {{Lang}}: unrecognized language code: cn (help)
Company typeState-owned enterprise
IndustryPower generation
Founded2002 (2002)
Headquarters
Beijing
,
People's Republic of China
Area served
People's Republic of China
Key people
General Manager: Mr. Lu Qizhou
SubsidiariesChina Power International Development Limited
China Power New Energy Development Company Limited
China Hong Kong Power Development Company Limited
Huanghe Hydropower Development Company Limited
Websiteeng.cpicorp.com.cn

State Power Investment Corporation (Chinese: 国家电力投资集团) is one of the five largest state-owned electricity producers in the People's Republic of China. It is engaged in development, investment, construction, operation, and management of power plants and power generation in twenty-seven Chinese provinces, supplying approximately ten percent of the country's electricity.

History

The company was formed in July 2015 by the merger of the China Power Investment Corporation (CPI) and State Nuclear Power Technology Corporation (SNPTC).[1]

Subsidiaries

Logo of the former China Power Investment Corporation

As a holding company, SPIC wholly owns or controls a vast structure of subsidiaries, including 48 companies at the second tier level, among which are 4 publicly listed companies. SPIC is central state owned enterprise administrated by the SASAC for the State Council of the People's Republic of China.

Listed subsidiaries

  • China Power International Development Limited (SEHK 2380), listed in Hong Kong is the largest listed subsidiary with many power stations in China. The company had total assets of 284.2 billion yuan ($41.55 billion) at the end of 2008 and is consolidating its regional assets.[2][3]
  • Shanghai Electric, listed in both Shenzhen and Hong Kong, is a power equipment manufacturer and the world's largest manufacturer of steam turbines.[4]
  • SPIC Yuanda Environmental-Protection (SSE 600292), listed in Shanghai, is an environmental protection company that manages waste water and gas and solid waste.
  • Jilin Electric Power, listed in Shenzhen, is a power company that generates electricity including operating wind power projects in Jilin.

Other subsidiaries

  • China Power New Energy Development Company Limited (SEHK 0735) - a wind power company.
  • China Hong Kong Power Development Company Limited - applied in July 2006 to lay power cables in Hong Kong. CPI Holdings had set up a 50% joint-venture company which planned to supply electricity to Hong Kong.
  • Huanghe Hydropower Development Company Limited.

Overseas projects

The CPI in conjunction with the Burmese government is constructing the Myitsone Dam, a large dam that when completed by 2017 is estimated to produce 3,600 to 6,000 megawatts of electricity for the Yunnan province.[5]

References

  1. ^ "Chinese nuclear giant officially launched". World Nuclear Association. 16 July 2015. Retrieved 4 May 2015.
  2. ^ Li Weitao (2009-03-07). "China Power Investment Corp plans to list all its assets". chinadaily.com.cn. Retrieved 15 February 2010.
  3. ^ CPI Overview
  4. ^ Glasson, Paul (5 July 2011). "Looking beyond the resources boom". The Australian. Retrieved 14 June 2011.
  5. ^ Libre, Ryan (1 February 2010). "Proposed dam to flood Burma, while powering China". Minn Post. Myitkyina, Burma: MinnPost.com. Retrieved 2 February 2010.
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