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China Huaneng Group Co., Ltd.,abbreviated asCHNGorHuaneng Group,is one of the five largeststate-ownedelectricity generationenterprises in China, administered by theState-owned Assets Supervision and Administration Commission of the State Council.It engages in theinvestment,construction,operationandmanagementofpower generationassets and theproductionandsaleofelectricity.In 2012, the company was ranked 246th on theFortune500list.
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 Huaneng Group headquarters inXicheng District, Beijing | |
| Formerly | China Huaneng Group Corporation |
|---|---|
| Company type | State-owned enterprise |
| Industry | Electricity generation Energy and resources |
| Founded | 1989 |
| Headquarters | , China |
Key people | Shu Yinbiao(Chairman) Deng Jianling (Director of the Board, President) |
| Products | Electric power |
| Services | Energy generation |
| Revenue | 278,627,080,000 renminbi (2018) |
| Total assets | CNY ¥1.2 trillion |
Number of employees | 130,000 (2020) |
| Subsidiaries | Huaneng Power International |
| Website | www |
History
editChina Huaneng Group Corporationwas founded in 1989 as the holding company for a series of companies of that under the supervision ofState Planning Committeeof the State Council of China, includingHuaneng Coal Corporationand Huaneng International Power Development Corporation, etc. The group was part of a project that replacing oil fired power plant to coal power plant (Chinese:Than đá đại du).[1][2]In 1993, the corporation was under the dual supervision of theMinistry of Power Industryand the State Planning Committee.[3]In 1995, Huaneng Coal Corporation became a separate state-owned enterprise group that under the provisional supervision of the State Planning Committee, asShenhua Group.[4]China Huaneng Group then became the subsidiary of theState Power Corporation of China,a mega-conglomerate that replacing the commercial function of the Ministry of Power Industry.[5]In 2002, the State Power Corporation of China was dismantled[6]as groups of companies of power grid (such asState Grid Corporation of ChinaandChina Southern Power Grid) and power plants (such as the big five power groups, Huaneng,China Huadian,China Datang Corporation,China Guodian CorporationandChina Power Investment Corporation) In the same year the leader of the mega-conglomerate,Gao Yanhad fled China after being investigated for corruption. Huaneng also received some assets from State Power Corporation of China,[7]such as the hydroelectricity company now known asHuaneng Lancang River Hydropower,a listed company since 2017. In 2005, Huaneng also acquired the controlling stake (after the deal owned 51%) ofNorth United Power Corporationfrom a subsidiary of thePeople's Government of the Inner Mongolia Autonomous Region,becoming the indirect parent company of listed companyInner Mongolia Mengdian Huaneng Thermal Power(Mengdian Huaneng).[8]
In 1994, it also saw the formation of two listed subsidiaries,Huaneng Power International(HPI) andShandong Huaneng Power Development.TheirAmerican depositary shareswere listed on theNew York Stock Exchange.HPI later also startedinitial public offeringson theStock Exchange of Hong Kongas well as theShanghai Stock Exchange.The shares of Huaneng Power International was owned by aforementioned Huaneng International Power Development Corporation, but in recent years China Huaneng Group also owned some shares directly. HPI also merged with Shandong Huaneng Power Development in 2000.[9]
In 2002, China Huaneng Group became part of one of China's earliestcarbon emissions tradingprograms, the "4 + 3 + 1" program.[10]
In 2011 China Huaneng Group floated its wind power subsidiaryHuaneng Renewableson the Stock Exchange of Hong Kong.
Operations
editThe company oversees the national government's interests in 10 subsidiaries, including a 51% stake inHuaneng Power International.Through subsidiaries it develops and operates more than 130thermal,wind powerandhydropower plants.In addition to its power-generation business, the company enters other sectors, including energy-related mining, financing, transportation,information technology,andrenewable energy researches.The company's investment division ranks the 15th in China by revenue and the 21st by asset size. The company owns theChang gian g Nuclear Power Plantin partnership withChina National Nuclear Corporation,as well as the Beijing Huaneng Thermal Power Station. The latter, however, is to be closed by 2016 as part ofBeijing's plan to eradicate pollution.[11]
Acquisitions
editIn March 2008 CHNG acquired Singapore-basedTuas PowerfromTemasek Holdingsfor US$3.04 billion.[12]It was resold to China Huaneng Group's listed subsidiaryHuaneng Power Internationalin the same year. In November 2008 CHNG bought 50 per cent stake inInterGenfrom India'sGMR Groupfor $1.2 billion. [13]
Structure
editBeijing Headquarter
editThe headquarter of Huaneng Group is located on theChang'an StreetofBeijing,only about 3 kilometers fromTian'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:
- Department of General Administration
- Department of Capital Operations and Equity Management
- Department of Supervision
- Department of Development
- Department of Safe Production
- Department of Auditing
- Department of Budget and Planning
- Department of Environmental Protection, Sciences and Technology
- Department of Political Affairs
- Department of Legal Affairs
- Department of Engineering
- Department of Operations
- Department of Finance
- Department of Human Resource
- Department of International Cooperations
- Labor Union
Subsidiaries
editThe Huaneng Group runs several subsidiaries corresponding to various types of energy industries. Most of those subsidiaries are based in the Beijing headquarter.
- Huaneng International Power Development Corporation
- Huaneng Properties
- GreenGen
- Huaneng Power International(It is listed on theHong Kong Stock Exchange,Shanghai Stock ExchangeandNew York Stock Exchange.It is the Group's main thermal power subsidiary, holding about one third of the Group's installed thermal capacity.)
- Huaneng Energy and Transportation
- China Huaneng Group Clean Energy Research Institute
- Huaneng Renewables(having a capacity of over 10 GWwind powerand 800 MW solar power as of 2017[14])
- Huaneng Capital Service
- Huaneng Guicheng Trust
- China Huaneng Group Fuel
- Huaneng Nuclear Power Development Company
- Huaneng Technology Innovation Center
- Huaneng Coal Industry Company
Regional Branches
editIn addition to Beijing headquarter, Huaneng Group also have branches and companies in at least 29 different provinces orautonomous regionsof 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 Fu gian | Fuzhou | Power Generation | Jilin Power Generation | Changchun | |
| CHNG Hunan | Changsha | Hainan Power Generation | Haikou | ||
| CHNG Zhe gian g | Hangzhou | Heilong gian g 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 Xin gian g Energy Development | Ürümqi | ||
| 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 |
Research
editChina Huaneng Group also takes on science and technology researches in energy-related fields. The company's current research directions and interests include:
- Advanced high-efficiency thermal power generation technology
- Thermal power generation environmental technology
- Coal-based low-carbon conversion technology
- Wind powerdevelopment
- Hydropowerdevelopment
- LNG
- Renewable energyand new energy
- Shale Gas
- Coal mining technology
- Energy system
- Energy-related information technology
References
edit- ^"1989 nián dà shì jì"1989 năm đại sự ký(in Chinese (China)). China Huaneng Group. Archived fromthe originalon 4 November 2020.Retrieved26 June2018.
- ^Vương truyền kiếm; Thẩm tiểu sóng (25 December 2014)."Lǐ Péng tóng yì huán éng jí tuán chéng lì bèi hòu: Gōng sī yǒu hěn duō zī jīn"Lý bằng đồng ý hoa có thể tập đoàn thành lập sau lưng: Công ty có rất nhiều tài chính.Nguồn năng lượng(in Chinese (China)).Retrieved29 June2018– via Sina.
- ^"Guó wù yuàn bàn gōng tīng guān yú yìn fā diàn lì gōng yè bù zhí néng pèi zhì, nèi shè jī gòu hé rén yuán biān zhì fāng'àn de tōng zhī"Quốc Vụ Viện văn phòng về in và phát hành điện lực công nghiệp bộ chức năng phối trí, nội thiết cơ cấu cùng nhân viên biên chế phương án thông tri(Press release) (in Chinese (China)). General Office of the State Council of the People's Republic of China. 6 August 1993.Retrieved29 June2018.
- ^"Guó wù yuàn guān yú tóng yì chéng lì shén huá jí tuán yǒu xiàn zé rèn gōng sī hé shén huá jí tuán de pī fù"Quốc Vụ Viện về đồng ý thành lập thần hoa tập đoàn hữu hạn trách nhiệm công ty cùng thần hoa tập đoàn ý kiến phúc đáp(Press release) (in Chinese (China)). State Council of the People's Republic of China. 8 August 1995.Retrieved29 June2018.
- ^Quốc Vụ Viện về tổ kiến quốc gia điện lực công ty thông tri(Press release) (in Chinese (China)). State Council of the People's Republic of China. 7 December 1996.Retrieved29 June2018– via china.cn.
- ^Điện lực thể chế cải cách phương án(Press release) (in Chinese (China)). State Council of the People's Republic of China. 10 February 2002.Retrieved29 June2018– via the National Energy Administration website.
- ^Quốc Vụ Viện về cải tổ Trung Quốc hoa có thể tập đoàn công ty có quan hệ vấn đề ý kiến phúc đáp(Press release) (in Chinese (China)). State Council of the People's Republic of China. 20 January 2003.Retrieved29 June2018.
- ^Về công ty thực tế khống chế người đem phát sinh biến hóa nhắc nhở tính thông cáo(PDF)(Press release) (in Chinese (China)). Mengdian Huaneng. 24 June 2005.Retrieved29 June2018– via Shanghai Stock Exchange website.
- ^"Huaneng Power International to Acquire Shandong Huaneng Power".Power Engineering International.PennWell. 20 July 2000.Retrieved29 June2018.
- ^Tu, Zhengge; Shen, Renjun (2014)."Can China's Industrial SO2 Emissions Trading Pilot Scheme Reduce Pollution Abatement Costs?".Sustainability.6(11): 7621–7645.doi:10.3390/su6117621.S2CID17764664.
- ^Beijing to Shut All Major Coal Power Plants to Cut Pollution.Bloomberg Business.Retrieved on March 24, 2015.
- ^"Huaneng buys Singapore's Tuas Power".Reuters.March 14, 2008.Archivedfrom the original on August 19, 2014.RetrievedDecember 28,2011.
- ^"Huaneng buys GMR stake in Intergen for $1.2 bn".Business Standard.November 28, 2010.RetrievedDecember 28,2011.
- ^"Huaneng Renewables posts 13% higher net profit in 2017".Renewablesnow.Retrieved2018-04-12.
- ^"CHINA HUANENG GROUP Corporate Structure".chng.cn.Retrieved2016-08-18.
