China Huaneng Group
China Huaneng Group Co., Ltd., as known as CHNG or Huaneng Group, is one of the five largest state-owned electricity generation 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. 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. 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 and power plants In the same year the leader of the mega-conglomerate, 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 of from a subsidiary of the, becoming the indirect parent company of listed company .In 1994, it also saw the formation of two listed subsidiaries, Huaneng Power International 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.
Operations
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.Environmental projects
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.Acquisitions
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.Structure
Beijing Headquarter
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
Subsidiaries
- Huaneng International Power Development Corporation
- Huaneng Properties
- GreenGen
- Huaneng Power International
- Huaneng Energy and Transportation
- China Huaneng Group Clean Energy Research Institute
- Huaneng Renewables
- 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
Type | Name | Location | Type | Name | Location |
Regional Branches | CHNG Northeast | Shenyang | Hydropower | Huaneng Lancang River Hydropower | Kunming |
Regional Branches | CHNG Jiangsu | Nanjing | Hydropower | Huaneng Sichuan Hydropower | Chengdu |
Regional Branches | CHNG Fujian | Fuzhou | Power Generation | Jilin Power Generation | Changchun |
Regional Branches | CHNG Hunan | Changsha | Power Generation | Hainan Power Generation | Haikou |
Regional Branches | CHNG Zhejiang | Hangzhou | Power Generation | Heilongjiang Power Generation | Harbin |
Regional Branches | CHNG East China | Shanghai | Power Generation | Tibet Power Generation | Lhasa |
Regional Branches | CHNG Central China | Wuhan | Power Generation | Shandong Power Generation | Jinan |
Regional Branches | CHNG Anhui | Hefei | Power Generation | Shaanxi Power Generation | Xi'an |
Regional Branches | CHNG Chongqing | Chongqing | Energy Development | Huaneng Ningxia Energy Development | Yinchuan |
Regional Branches | CHNG Qinghai | Xining | Energy Development | Huaneng Gansu Energy Development | Lanzhou |
Regional Branches | CHNG Hebei | Shijiazhuang | Energy Development | Huaneng Hulun Buir Energy Development | Hulun Buir |
Regional Branches | CHNG Guangxi | Nanning | Energy Development | Huaneng Xinjiang Energy Development | Ürümqi |
Regional Branches | CHNG South China | Guangzhou | Other Branches | CHNG Hong Kong | Hong Kong |
Regional Branches | CHNG Guizhou | Guiyang | Other Branches | North United Power | Hohhot |
Regional Branches | CHNG Jiangxi | Nanchang | Other Branches | Xi'an Thermal Power Research Institute | Xi'an |
Regional Branches | CHNG Henan | Zhengzhou | Other Branches | Huaneng Hainan Industrial Company | Haikou |
Regional Branches | CHNG Shanxi | Taiyuan | Other Branches | Huaneng Shandong Nuclear Power | Shidao Bay |
Beijing Branches | Huaneng Group IT Center | Beijing | Other Branches | CHNG Caofeidian Port | Caofeidian |
Beijing Branches | Economy Research Institute | Beijing | Other Branches | CHNG Human Resource Base | |
Beijing Branches | CPC Huaneng Party School | Beijing |
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 development
- Hydropower development
- LNG
- Renewable energy and new energy
- Shale Gas
- Coal mining technology
- Energy system
- Energy-related information technology