- 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 Power generation Founded 1985 Founder(s) J Wen Headquarters 4 FuxingmenNei Dajie, Beijing, 100031, People's Republic of China Area served People's Republic of China Key people Chairman: Mr. Cao Peixi Revenue 21,780.7 ($ millions) Employees 102,569 Subsidiaries Huaneng Power International Website China Huaneng Group China Huaneng Corporation is one of the five largest state-owned power generation 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.
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Business
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. In 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings for $4.2 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.
References
External links
Categories:- Power companies of the People's Republic of China
- Central-owned enterprises of the People's Republic of China
- Companies established in 1985
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