China Huaneng Group Co., Ltd., abbreviated as CHNG or Huaneng Group, is one of the five largest

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

electricity generation Electricity generation is the process of generating electric power from sources of primary energy. For electric utility, utilities in the electric power industry, it is the stage prior to its Electricity delivery, delivery (Electric power transm ...

enterprises in China, administered by the

State-owned Assets Supervision and Administration Commission of the State Council The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. It was founded in 2003 through the consolidation of various other indus ...

. It engages in the

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

operation Operation or Operations may refer to: Arts, entertainment and media * ''Operation'' (game), a battery-operated board game that challenges dexterity * Operation (music), a term used in musical set theory * ''Operations'' (magazine), Multi-Man ...

and

management Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a Government agency, government bodies through business administration, Nonprofit studies, nonprofit management, or the political s ...

power generation Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stora ...

assets and the

production Production may refer to: Economics and business * Production (economics) * Production, the act of manufacturing goods * Production, in the outline of industrial organization, the act of making products (goods and services) * Production as a stat ...

and sale of

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwel ...

. In 2012, the company was ranked 246th on the ''Fortune'' 500 list.

History

China Huaneng Group Corporation was founded in 1989 as the holding company for a series of companies of that under the supervision of of the State Council of China, including Huaneng Coal Corporation and Huaneng International Power Development Corporation, etc. The group was part of a project that replacing oil fired power plant to coal power plant (). In 1993, the corporation was under the dual supervision of the and the State Planning Committee. In 1995, Huaneng Coal Corporation became a separate state-owned enterprise group that under the provisional supervision of the State Planning Committee, as

Shenhua Group Shenhua Group Corporation Limited was a Chinese state-owned mining and energy company. Shenhua Group was founded in October 1995 under the auspices of the State Council of the People's Republic of China. It was the largest coal-producing compan ...

. China Huaneng Group then became the subsidiary of the

State Power Corporation of China State Power Corporation of China was a Chinese state-owned enterprise founded in 1996 and was dismantled in 2002 to 2003. The successor of the group were fellow state owned enterprises State Grid Corporation of China, China Southern Power Grid, Ch ...

, a mega-conglomerate that replacing the commercial function of the Ministry of Power Industry. In 2002, the State Power Corporation of China was dismantled as groups of companies of power grid (such as

State Grid Corporation of China The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. , State Grid is the world's third largest company overall by re ...

and

China Southern Power Grid China Southern Power Grid Company Limited (CSG; ) is one of the two Chinese state-owned enterprises established in 2002 in a power system reform promulgated by the State Council of the People's Republic of China, State Council, the other being ...

) and power plants (such as the big five power groups, Huaneng,

China Huadian China Huadian Corporation (Huadian Group; ) is one of the five largest state-owned power generation enterprises in China, administered by SASAC for the State Council. It engages in the generation and supply of electricity and heat, and the develo ...

China Datang Corporation China Datang Corporation (CDT) is one of the five large-scale power generation enterprises in China, established on the basis of former State Power Corporation of China in 2002. It is a solely state-owned enterprise directly managed by the SASA ...

China Guodian Corporation China Guodian Corporation (Guodian; ) is one of the five largest power producers in China, administrated by SASAC for the State Council. It is engaged in development, investment, construction, operation and management of power plants and power g ...

and

China Power Investment Corporation China Power Investment Corporation also known as CPI Group was one of the five largest state-owned electricity producers in mainland China. It was administrated by the State-owned Assets Supervision and Administration Commission (SASAC) of the ...

) In the same year the leader of the mega-conglomerate, Gao Yan had fled China after being investigated for corruption. Huaneng also received some assets from State Power Corporation of China, such as the hydroelectricity company now known as , a listed company since 2017. In 2005, Huaneng also acquired the controlling stake (after the deal owned 51%) of from a subsidiary of the , becoming the indirect parent company of listed company (Mengdian Huaneng). In 1994, it also saw the formation of two listed subsidiaries,

Huaneng Power International Huaneng Power International, Inc. (HPI), commonly known as Huaneng Power, is a Chinese electric power company. It was established in 1994 by the China Huaneng Group, one of the five largest power producers in China. It engages in the development, ...

(HPI) and Shandong Huaneng Power Development. Their American depositary shares were listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

. HPI later also started

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

s on the

Stock Exchange of Hong Kong The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 9th largest globally by market capitalization as of August 20 ...

as well as the

Shanghai Stock Exchange The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock ...

. 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. In 2002, China Huaneng Group became part of one of China's earliest

carbon emissions trading Carbon emission trading (also called carbon market, emission trading scheme (ETS) or cap and trade) is a type of emissions trading scheme designed for carbon dioxide (CO2) and other greenhouse gases (GHGs). A form of carbon pricing, its purpose ...

programs, the "4 + 3 + 1" program. In 2011 China Huaneng Group floated its wind power subsidiary Huaneng Renewables on the Stock Exchange of Hong Kong.

Operations

The company oversees the national government's interests in 10 subsidiaries, including a 51% stake in

. Through subsidiaries it develops and operates more than 130

thermal A thermal column (or thermal) is a rising mass of buoyant air, a convective current in the atmosphere, that transfers heat energy vertically. Thermals are created by the uneven heating of Earth's surface from solar radiation, and are an example ...

wind power Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity ge ...

and

hydropower plant Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies 15% of the world's electricity, almost 4,210 TWh in 2023, which is more than all other renewable sources combined and also mo ...

s. In addition to its power-generation business, the company enters other sectors, including energy-related mining, financing, transportation,

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

, 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 The China National Nuclear Corporation (CNNC; ) is a state-owned enterprise founded in 1955 in Beijing. CNNC's president and vice-president are appointed by the Premier of the People's Republic of China. CNNC oversees all aspects of China's civ ...

, as well as the Beijing Huaneng Thermal Power Station. The latter, however, is to be closed by 2016 as part of

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

's plan to eradicate pollution.

Acquisitions

In March 2008 CHNG acquired Singapore-based Tuas Power from

Temasek Holdings Temasek Holdings (Private) Limited ( ) is a Singaporean State ownership, state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard ...

for US$3.04 billion. It was resold to China Huaneng Group's listed subsidiary

in the same year. In November 2008 CHNG bought 50 per cent stake in InterGen from India's

GMR Group GMR Group is an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by Grandhi Mallikarjuna Rao and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, and GMR Enterpri ...

for $1.2 billion.

Structure

Beijing Headquarter

The headquarter of Huaneng Group is located on the Chang'an Street of

, only about 3 kilometers from

Tian'anmen The Tiananmen , also Tian'anmen, is the entrance gate of the Forbidden City imperial palace complex and Imperial City in the center of Beijing, China. It is widely used as a national symbol. First built in 1420 during the Ming dynasty, Ti ...

. 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

The 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 *

(It is listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

and

. 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 GW

and 800 MW solar power as of 2017) * 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

In addition to Beijing headquarter, Huaneng Group also have branches and companies in at least 29 different provinces or

autonomous regions An autonomous administrative division (also referred to as an autonomous area, zone, entity, unit, region, subdivision, province, or territory) is a subnational administrative division or internal territory of a sovereign state that has a degree o ...

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:

Research

China 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 power Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity ge ...

development *

Hydropower Hydropower (from Ancient Greek -, "water"), also known as water power or water energy, is the use of falling or fast-running water to Electricity generation, produce electricity or to power machines. This is achieved by energy transformation, ...

development *

LNG Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

Renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

and new energy *

Shale Gas Shale gas is an unconventional natural gas that is found trapped within shale formations. Since the 1990s, a combination of horizontal drilling and hydraulic fracturing has made large volumes of shale gas more economical to produce, and ...

Coal mining Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...

technology * Energy system * Energy-related information technology

References

External links

* {{authority control Electric power companies of China Government-owned companies of China Companies based in Beijing Chinese brands Chinese companies established in 1989 Xicheng District Energy companies established in 1989 1989 in Beijing