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:
The Huaneng Group runs several subsidiaries corresponding to various types of energy industries. Most of those subsidiaries are based in the Beijing headquarter.
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:
TypeNameLocationTypeNameLocation
Regional BranchesCHNG NortheastShenyangHydropowerHuaneng Lancang River HydropowerKunming
Regional BranchesCHNG JiangsuNanjingHydropowerHuaneng Sichuan HydropowerChengdu
Regional BranchesCHNG FujianFuzhouPower GenerationJilin Power GenerationChangchun
Regional BranchesCHNG HunanChangshaPower GenerationHainan Power GenerationHaikou
Regional BranchesCHNG ZhejiangHangzhouPower GenerationHeilongjiang Power GenerationHarbin
Regional BranchesCHNG East ChinaShanghaiPower GenerationTibet Power GenerationLhasa
Regional BranchesCHNG Central ChinaWuhanPower GenerationShandong Power GenerationJinan
Regional BranchesCHNG AnhuiHefeiPower GenerationShaanxi Power GenerationXi'an
Regional BranchesCHNG ChongqingChongqingEnergy DevelopmentHuaneng Ningxia Energy DevelopmentYinchuan
Regional BranchesCHNG QinghaiXiningEnergy DevelopmentHuaneng Gansu Energy DevelopmentLanzhou
Regional BranchesCHNG HebeiShijiazhuangEnergy DevelopmentHuaneng Hulun Buir Energy DevelopmentHulun Buir
Regional BranchesCHNG GuangxiNanningEnergy DevelopmentHuaneng Xinjiang Energy DevelopmentÜrümqi
Regional BranchesCHNG South ChinaGuangzhouOther BranchesCHNG Hong KongHong Kong
Regional BranchesCHNG GuizhouGuiyangOther BranchesNorth United PowerHohhot
Regional BranchesCHNG JiangxiNanchangOther BranchesXi'an Thermal Power Research InstituteXi'an
Regional BranchesCHNG HenanZhengzhouOther BranchesHuaneng Hainan Industrial CompanyHaikou
Regional BranchesCHNG ShanxiTaiyuanOther BranchesHuaneng Shandong Nuclear PowerShidao Bay
Beijing BranchesHuaneng Group IT CenterBeijingOther BranchesCHNG Caofeidian PortCaofeidian
Beijing BranchesEconomy Research InstituteBeijingOther BranchesCHNG Human Resource Base
Beijing BranchesCPC Huaneng Party SchoolBeijing

Research

China Huaneng Group also takes on science and technology researches in energy-related fields. The company's current research directions and interests include: