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  • China Power Investment Corporation (CPIC)

China Power Investment Corporation (CPIC)

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Overview

About:

China Power Investment Corporation (CPI) was established from part of the constituent businesses of the former State Power Corporation of China (SP). With a registered capital of 12 billion RMB, CPI has been approved by the State Council to become one of the pilots state-authorized investment entities and state-owned holding corporations. As of the end of 2006, the total assets of CPI amounted to 177.831 billion RMB. Its controllable installed capacity reached 37800 MW, of which, 9220 MW or 24.4% comes from hydro units, 27230 MW or 72% from thermal units and 1350.8 MW or 3.6% from nuclear units. The equity capacity of CPI is 28043.3 MW. CPI has 168 member companies/institutions and 15 participating companies with 83,086 employees in total. CPI owns assets in 27 provinces, autonomous regions, and municipalities. Among these, there are four A-share listed companies, namely Shanghai Electric Power Co. Ltd, Shanxi Zhangze Electric Power Co. Ltd, Chongqing Jiulong Electric Power Co. Ltd and Jilin Electric Power Co. Ltd. CPI also owns China Power International Holding Ltd. registered in Hong Kong, through which CPI indirectly owns China Power Development Ltd. listed on the Hong Kong Stock Exchange and China-Hong Kong Power Development Ltd. which devotes to supply power for HongKong. Besides, CPI owns Huanghe Hydropower Development Co., Ltd and Hunan Wuling Electric Power Development Corporation with both enjoying river-basin development capabilities. It also owns China Power Complete Equipment Company Ltd., a major player in complete power equipment supply and service. In coal sector, CPI Huolinhe Coal Power Co. Ltd is a large-scale coal company, so is the Baiyinhua Coal Power Co. Ltd. CPI owns 12 established power plants each above 1000MW and one ongoing holding Shandong Haiyang nuclear power project, joint holding Liaoning Hongyanhe and Guangxi Bailong nuclear power projects and nine participating nuclear power projects under preparation.

Sector: Renewables & Environment

Website: http://www.spic.com.cn/overview.htm

Year Established: 2002