China Huaneng Group

China Huaneng Corporation
中国华能集团公司
State-owned enterprise
Industry Electricity generation
Energy and resources
Founded 1985 (1985)
Headquarters Beijing, People's Republic of China
Number of locations
 130 power plants in 2015
Key people
 Cao Peixi (Chairman)]
Huang Yongda (Secretary)
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
Website www.chng.com.cn/eng/

China Huaneng Group Corporation, as known as CHNG or Huaneng Group, 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. It engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity power. In 2012, the company was ranked the 246th on the 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 130 thermal, wind power and hydropower plants. In addition to its power-generation business, the company enters other sectors, including energy-related mining, financing, transportation, information technology, and renewable energy researches. The company's investment division ranks the 15th in China by revenue and the 21st by asset size. The company owns the Changjiang Nuclear Power Plant in partnership with China National Nuclear Corporation, as well as the Beijing Huaneng Thermal Power Station. The latter, however, is to be closed by 2016 as part of Beijing's plan to eradicate pollution.[1]

Environmental projects

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

Acquisitions

In March 2008 CHNG acquired Singapore-based Tuas Power Ltd from Temasek Holdings for $3.04 billion. [2] In November 2008 CHNG bought 50 per cent stake in InterGen from India's GMR Group for $1.2 billion. [3]

Structure

Beijing Headquarter

The headquarter of Huaneng Group is located on the Chang'an Street of Beijing, only about 3 kilometers from Tian'anmen. In the headquarter, there are several subsidiaries and departments to take charge of different types of business. Major departments in the Beijing headquarter include:

Subsidiaries

The Huaneng Group runs several subsidiaries corresponding to various types of energy industries. Most of those subsidiaries are based in the Beijing headquarter, with the exception of the Huaneng Renewables Company located in Hong Kong.

Regional Branches

In addition to Beijing headquarter, Huaneng Group also have branches and companies in at least 29 different provinces or autonomous regions of China. Those regional branches and companies are in real charge of local power plants and electricity generation in each province or region, as well as some other related business. Currently, Huaneng's regional companies and branches include:

Type Name Location Type Name Location
Regional Branches CHNG Northeast Shenyang Hydropower Huaneng Lancang River Hydropower Kunming
CHNG Jiangsu Nanjing Huaneng Sichuan Hydropower Chengdu
CHNG Fujian Fuzhou Power Generation Jilin Power Generation Changchun
CHNG Hunan Changsha Hainan Power Generation Haikou
CHNG Zhejiang Hangzhou Heilongjiang Power Generation Harbin
CHNG East China Shanghai Tibet Power Generation Lhasa
CHNG Central China Wuhan Shandong Power Generation Jinan
CHNG Anhui Hefei Shaanxi Power Generation Xi'an
CHNG Chongqing Chongqing Energy Development Huaneng Ningxia Energy Development Yinchuan
CHNG Qinghai Xining Huaneng Gansu Energy Development Lanzhou
CHNG Hebei Shijiazhuang Huaneng Hulun Buir Energy Development Hulun Buir
CHNG Guangxi Nanning Huaneng Xinjiang Energy Development Urumqi
CHNG South China Guangzhou Other Branches CHNG Hong Kong Hong Kong
CHNG Guizhou Guiyang North United Power Hohhot
CHNG Jiangxi Nanchang Xi'an Thermal Power Research Institute Xi'an
CHNG Henan Zhengzhou Huaneng Hainan Industrial Company Haikou
CHNG Shanxi Taiyuan Huaneng Shandong Nuclear Power Shidao Bay
Beijing Branches Huaneng Group IT Center Beijing CHNG Caofeidian Port Caofeidian
Economy Research Institute Beijing CHNG Human Resource Base
CPC Huaneng Party School Beijing

[4]

Research

China Huaneng Group also takes on science and technology researches in energy-related fields. The company's current research directions and interests include:

References

  1. ↑ Beijing to Shut All Major Coal Power Plants to Cut Pollution. Bloomberg Business. Retrieved on March 24, 2015.
  2. ↑ "Huaneng buys Singapore's Tuas Power". Reuters. March 14, 2008. Retrieved December 28, 2011.
  3. ↑ "Huaneng buys GMR stake in Intergen for $1.2 bn". Business Standard. November 28, 2010. Retrieved December 28, 2011.
  4. ↑ "CHINA HUANENG GROUP Corporate Structure". www.chng.com.cn. Retrieved 2016-08-18.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.