Deals and Alliances Profile, a new market research report on companiesandmarkets.com, examines China Power Investment Corporation
- By April Murelio -
The new profile examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy as well as highlighting the company's major recent financial deals.
China Power Investment Corporation (CPI) is a state-owned investment holding corporation engaged in the development, investment, construction, operation and management of power source, and organize production and marketing of electric power.
CPI has the controllable installed capacity of 51,990 MW and equity installed capacity of 40,116 MW, out of which, 10539 MW or 20.3% is from hydro units, 79.1% from thermal units (41,123 MW), 3.37% from nuclear units (1350.8 MW) and 0.6% from wind units (328 MW). It has 213 member companies/institutions and 15 participating companies.
CPI is a leading large-scale state-owned enterprise, established from part of the constituent businesses of the former State Power Corporation of China. With a registered capital of 12 billion RMB, CPI has been approved by the State Council as one of the pilot state-authorized investment entities and state-owned holding corporations.
CPI owns assets in 28 provinces, municipalities and autonomous regions as well as Hong Kong and Macau. Among these are five A-share listed companies, namely Shanghai Electric Power Co., Ltd., Shanxi Zhangze Electric Power Co., Ltd., Chongqing Jiulong Electric Power Co., Ltd., Jilin Electric Power Co. Ltd. and China Power Huolinhe Coal Co., Ltd. CPI also owns China Power International Holding Ltd. registered in Hong Kong, through which CPI indirectly owns China Power Development Ltd. listed at the Hong Kong Stock Exchange. Besides, CPI owns Huanghe Hydropower Development Co., Ltd. and Hunan Wuling Electric Power Development Corporation, both undertaking river basin development. It also owns China Power Complete Equipment Company Ltd., a major player in complete power equipment supply and service. In coal sector, CPI Mengdong Energy Group Co., Ltd. is a large scale coal company. CPI owns 19 existing power plants of above 1000MW, owns Shandong Haiyang and Jiangxi Pengze nuclear power projects as the controlling party and Liaoning Hongyanhe nuclear power project phase I as the co-controlling party, as well as nuclear power projects under preparation in Guangxi, Liaoning, Hunan, Jilin and Chongqing. CPI also participated in five nuclear power plants in operation and three under construction.
CPI has always adhered to the scientific outlook on development, upheld development as top priority, and carried out a development path with electricity as the core, coal as the basis and all industries progressing in coordination. By prioritizing restructuring, promoting innovation, optimizing portfolio and transforming the way of development, CPI is aimed to implement national energy strategy, fulfill the responsibility of a state-owned enterprise (SOE) and create a world-class energy group.
The corporate mission of “providing green energy; serving the general public” shows that CPI is committed to provide quality and clean energy products to the society and is willing to undertake its responsibility as an SOE of serving the general public. That mission has infused its development strategy with values of the times.
Recent Developments
Jan 29, 2010: China Power To Spend RMB85 Billion For Nuclear Power Plant In Jilin Province
Jan 27, 2010: Emerson Process Receives Contract From China Power Investment To Digitally Automate Pingdingshan Luyang Power Plant In Central China
Sep 28, 2009: China's Tianwan Nuclear Power Plant Produces 10 Billion kWh In 2009