China Huaneng Group
This article needs additional citations for verification. (June 2018) (Learn how and when to remove this template message)
|China Huaneng Group Corporation|
|Industry||Electricity generation |
Energy and resources
|Founded||31 March 1989|
Number of locations
|130 power plants in 2015|
|Cao Peixi (Chairman)|
Huang Yongda (Party Committee Secretary)
|Services||Electric power distribution|
|Owner||Chinese Central Government|
Number of employees
China Huaneng Group Co., Ltd., as known as CHNG or Huaneng Group, is one of the five largest state-owned electric utility enterprises in China, administrated by the State Council of the People's Republic of China. It engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity power. In 2012, the company was ranked the 246th on the Fortune 500 list.
China Huaneng Group Corporation was founded in 1989 as the holding company for a series of companies of that under the supervision of State Planning Committee 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 (Chinese: 煤代油). In 1993, the corporation was under the dual supervision of the Ministry of Power Industry 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. China Huaneng Group was then became the subsidiary of the State Power Corporation of China, 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 and China Southern Power Grid) and power plants (such as the big five power groups, Huaneng, China Huadian, China Datang Corporation, China Guodian Corporation and China Power Investment Corporation) 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 Huaneng Lancang River Hydropower, a listed company since 2017. In 2005, Huaneng also acquired the controlling stake (after the deal owned 51%) of North United Power Corporation from a subsidiary of the People's Government of the Inner Mongolia Autonomous Region, becoming the indirect parent company of listed company Inner Mongolia Mengdian Huaneng Thermal Power (Mengdian Huaneng).
In 1994, it also saw the formation of two listed subsidiaries, Huaneng Power International (HPI) and Shandong Huaneng Power Development. Their American depositary shares were listed on the New York Stock Exchange. HPI later also started initial public offerings on the Stock Exchange of Hong Kong as well as the Shanghai 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.
In 2011 China Huaneng Group floated its wind power subsidiary Huaneng Renewables on the Stock Exchange of Hong Kong.
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 130 thermal, wind power and hydropower plants. In addition to its power-generation business, the company enters other sectors, including energy-related mining, financing, transportation, information technology, 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, as well as the Beijing Huaneng Thermal Power Station. The latter, however, is to be closed by 2016 as part of Beijing's plan to eradicate pollution.
A sophisticated and expensive technology is to convert coal to gas and strip out the carbon dioxide before the gas is used to generate power. It has a billion dollar project underway called the GreenGen project led by China Huaneng Group, that is scheduled to go online by 2011 at the latest.
In March 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings for US$3.04 billion. It was resold to China Huaneng Group's listed subsidiary Huaneng Power International in the same year. In November 2008 CHNG bought 50 per cent stake in InterGen from India's GMR Group for $1.2 billion. 
The headquarter of Huaneng Group is located on the Chang'an Street of Beijing, only about 3 kilometers from Tian'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
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
- Huaneng Power International (It is listed on the Hong Kong Stock Exchange, Shanghai Stock Exchange and New 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 GW wind power 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
In addition to Beijing headquarter, Huaneng Group also have branches and companies in at least 29 different provinces or autonomous regions 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:
|Regional Branches||CHNG Northeast||Shenyang||Hydropower||Huaneng Lancang River Hydropower||Kunming|
|CHNG Jiangsu||Nanjing||Huaneng Sichuan Hydropower||Chengdu|
|CHNG Fujian||Fuzhou||Power Generation||Jilin Power Generation||Changchun|
|CHNG Hunan||Changsha||Hainan Power Generation||Haikou|
|CHNG Zhejiang||Hangzhou||Heilongjiang 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 Xinjiang Energy Development||Urumqi|
|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|
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 development
- Hydropower development
- Renewable energy and new energy
- Shale Gas
- Coal mining technology
- Energy system
- Energy-related information technology
- "1989 nián dà shì jì" 1989年大事记 (in Chinese). China Huaneng Group. Retrieved 26 June 2018.
- 王传剑; 沈小波 (25 December 2014). "Lǐ Péng tóng yì huán éng jí tuán chéng lì bèi hòu: Gōng sī yǒu hěn duō zī jīn" 李鹏同意华能集团成立背后：公司有很多资金. 能源 (in Chinese). Retrieved 29 June 2018 – 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" 国务院办公厅关于印发电力工业部职能配置、内设机构和人员编制方案的通知 (Press release) (in Chinese). General Office of the State Council of the People's Republic of China. 6 August 1993. Retrieved 29 June 2018.
- "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" 国务院关于同意成立神华集团有限责任公司和神华集团的批复 (Press release) (in Chinese). State Council of the People's Republic of China. 8 August 1995. Retrieved 29 June 2018.
- 国务院关于组建国家电力公司的通知 (Press release) (in Chinese). State Council of the People's Republic of China. 7 December 1996. Retrieved 29 June 2018 – via china.com.cn.
- 电力体制改革方案 (Press release) (in Chinese). State Council of the People's Republic of China. 10 February 2002. Retrieved 29 June 2018 – via the National Energy Administration website.
- 国务院关于改组中国华能集团公司有关问题的批复 (Press release) (in Chinese). State Council of the People's Republic of China. 20 January 2003. Retrieved 29 June 2018.
- 关于公司实际控制人将发生变化的提示性公告 (PDF) (Press release) (in Chinese). Mengdian Huaneng. 24 June 2005. Retrieved 29 June 2018 – via Shanghai Stock Exchange website.
- "Huaneng Power International to Acquire Shandong Huaneng Power". Power Engineering International. PennWell. 20 July 2000. Retrieved 29 June 2018.
- 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. Retrieved December 28, 2011.
- "Huaneng buys GMR stake in Intergen for $1.2 bn". Business Standard. November 28, 2010. Retrieved December 28, 2011.
- "Huaneng Renewables posts 13% higher net profit in 2017". Renewablesnow.com. Retrieved 2018-04-12.
- "CHINA HUANENG GROUP Corporate Structure". www.chng.com.cn. Retrieved 2016-08-18.