State Power Corporation of China

Last updated

State Power Corporation of China was a Chinese state-owned enterprise founded in 1996 [1] 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, China Huaneng Group, China Guodian, China Huadian, China Datang Corporation, China Power Investment Corporation and other power grid or power generating group.

The former general manager (the highest position of the company at that time) of the company, Gao Yan, fled China in 2002 after he was investigated for corruption.

Related Research Articles

State Grid Corporation of China State-owned electric utility monopoly 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, and as of 2020, the world's second largest company overall by revenue. In 2016/17 it was reported as having 927,839 employees, 1.1 billion customers and revenue equivalent to US$363.125 billion.

China Railway State-owned national railway company of China

China State Railway Group Company, Ltd., doing business as China Railway or CR, is a state-owned sole proprietorship enterprise that undertakes railway passenger and cargo transportation services in the People's Republic of China and is a state-owned industrial enterprise established under the "Law of the People's Republic of China on All-Ownership Industrial Enterprises." The Ministry of Finance acts on behalf of the State Council to perform the duties of shareholders. It used to be part of the now defunct Ministry of Railways. China Railway operates passenger and freight transport via 21 subsidiaries.

China United Coalbed Methane

China United Coalbed Methane Corp., Ltd. (CUCBM), also known as China CBM, is state-owned company in China, which had exclusive rights until 2010 to explore, develop and produce coal mine methane in cooperation with overseas companies. The company was established in 1996.

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 SASAC and is the experimental state-authorized investment and state shareholding enterprise ratified by the State Council.

China Southern Power Grid

China Southern Power Grid Company Limited is one of the two Chinese state-owned enterprises established in 2002 according to the precept to reform the power system promulgated by the State Council, the other being State Grid Corporation of China. It takes charges of participating in the investment, construction and management of power transmission, transformation and distribution covering China's five southern provinces of Guangdong, Guangxi, Yunnan, Guizhou and Hainan, while power generation is done by other five "power generation groups". The company is headquartered in Guangzhou, Guangdong.

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, construction and operation of large power plants.

China Huaneng Group State-owned electric utility enterprise

China Huaneng Group Co., Ltd., abbreviated as CHNG or Huaneng Group, is one of the five largest state-owned electricity generation enterprises in China, administrated by the State Council. 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.

China Power International Development Limited (CPID), also known as just China Power, is a Chinese electric power company incorporated in Hong Kong in 2004. The former ultimate parent company China Power Investment Corporation, a Chinese state-owned enterprise also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" (投资) not "International" (国际). State Power Investment Corporation (SPIC) became the new parent company of CPID after CPI Group was merged with another state-owned enterprise.

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 State Council. It was engaged in development, investment, construction, operation, and management of power plants and power generation in twenty-seven Chinese provinces. It supplies approximately ten percent of the country's electricity.

China Huadian Corporation

China Huadian Corporation is one of the five largest state-owned power generation enterprises in China, administrated by SASAC for the State Council. It engages in the generation and supply of electricity and heat, and the development of power-related primary energy. It produces about 10% of China's power along with Huaneng Group, Datang Group, SPIC and China Energy.

China Yangtze Power

China Yangtze Power Co., Ltd. (CYPC), known as Yangtze Power is a Chinese utilities company, headquartered in Beijing. The company is a component of SSE 180 Index. A controlling share is held by the parent company China Three Gorges Corporation, a state-owned enterprise under State-owned Assets Supervision and Administration Commission of the State Council.

Electricity sector in China Overview of the electricity sector in China

China's electric power industry is the world's largest electricity producer, passing the United States in 2011 after rapid growth since the early 1990s. In 2019, China produced more electricity than the next three countries—U.S., India, and Russia—combined.

China Metallurgical Group Corporation Company

China Metallurgical Group Corporation, is a Chinese state-owned enterprise headquartered in Beijing, engaged in EPC, natural resources exploitation, papermaking, equipment fabrication, real estate development. MCC is one of the largest equipment manufacturers in China, and the only state-owned enterprise that is authorized to run pulp-making and papermaking businesses in China and overseas. On December 8, 2015, MCC merged into China Minmetals, becoming its wholly owned subsidiary.

CITS Group Corporation

The CITS Group Corporation is a state-owned leisure and tourism corporation based in Beijing, China. With registered capital of CN¥390 million, the group is one of the largest Chinese tourism enterprises. It is primarily engaged in travel services, duty-free trade and real estate development and management. Among its major subsidiaries include CITS Head Office, China Duty Free Group, CITS Real Estates, etc. The group is also the holding company of CITS Corporation Ltd, a domestically listed joint-stock corporation.

This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms are often used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives, SOEs should be differentiated from other forms of government agencies or state entities that are established to pursue purely non-financial objectives. The role of the Chinese Communist Party (CCP) in SOEs has varied at different periods but has increased during the rule of CCP General Secretary Xi Jinping, with the Party formally taking a commanding role in all SOEs as of 2020. For example, Lai Xiaomin, the former president of China Huarong Asset Management, which is a famous state-owned enterprise, announced in 2015 that during the operation of China Huarong Asset Management, the Committee of China Communist Party will play a central role, and party members will play an exemplary role.

China Energy Engineering Corporation or Energy China, is a Chinese state-owned energy conglomerate, with headquarters in Chaoyang District, Beijing.

State Nuclear Power Technology Corporation

State Nuclear Power Technology Corporation Limited is a Chinese state-owned enterprise in nuclear power. The company engages in the development of nuclear technology and is one of the country's three operators of nuclear power plants.

Yingda International Trust Co., Ltd. is a Chinese trust company and asset management firm that was majority owned by State Grid Corporation of China. Yingda Trust was founded in March 1987, as Jinan International Trust and Investment Corporation. Yingda Trust owned Yingda Asset Management for 49% stake. The company was headquartered in Jinan, but in 2010 moved to Beijing.

State Power Investment Corporation Chinese electricity generation company

State Power Investment Corporation Limited is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Technology Corporation (SNPTC) in 2015.

Yun Gongmin is a retired Chinese politician of Mongol ethnicity. He entered the workforce in August 1968, and joined the Communist Party of China in January 1979. He was investigated by the Central Commission for Discipline Inspection (CCDI), the party's internal disciplinary body, and the National Supervisory Commission, the highest anti-corruption agency of China, in October 2019. He retired in November 2013 after five years as the deputy Communist Party Secretary and general manager of China Huadian Corporation, one of China's largest power companies, between 2008 and 2013.

References

  1. 国务院关于组建国家电力公司的通知 (Press release) (in Chinese). State Council. 7 December 1996. Retrieved 14 June 2018 via china.com.cn.