China Huaneng Group

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China Huaneng Group
中国 华能集团 公司

logo
legal form Centrally managed company
founding 1985
Seat Beijing , People's Republic of ChinaChina People's RepublicPeople's Republic of China 
management Cao Peixi
Number of employees 139,780
sales 292.1 billion yen (35.7 billion euros )
Branch Power generation
Website www.chng.com.cn
As of December 31, 2014

China Huaneng Group (CHNG) is a state-owned (central government) power producer in the People's Republic of China . With an installed capacity of 151.5  GW (as of 2014) and a share capital of 20 billion yuan , it is one of the five largest companies in the industry in China.

The number of employees was 94,691 at the end of 2008, in 2011 it was 133,270.

CHNG is a pure electricity producer without a transmission or distribution network, as the generation and distribution of electricity in China are separate. The power grid is operated by two state-owned corporations: State Grid Corporation of China (SGCC) and China Southern Power Grid (CSG), both of which were established on December 29, 2002.

CHNG is regulated by SASAC ; the management of CHNG is also determined by SASAC.

history

In 2002, the State Power Corporation of China was split into five companies: China Guodian Corporation , China Huadian Corporation , China Huaneng Group , China Power Investment Corporation and China Datang Corporation .

Company figures

The following table shows CHNG company figures for the years 2005 to 2011:

year Installed capacity (MW) Generation (billion kWh) Fixed Assets (billion yuan) Revenue (billion yuan) Profit (billion yuan)
2005 43,214.2 256.415 226.886 73.971
2006 57,185 282,032 286.075 85.383
2007 71,575 327.035 376.086 115.607 10.682
2008 85,862 364.5 463,594 151.375 −5.841
2009 104,382 420.095 578.281 177.74 6.885
2010 113,434.2 537.644 662.399 227,994 7.783
2011 125,378.4 604.631 753.188 268.173 6.141

At the end of 2008, CHNG owned 123 power plants in 26 provinces of China and abroad; at the end of 2011, there were 210 power plants in 29 provinces of China and abroad. The generation capacity of all CHNG power plants accounted for 10.8% of the total installed capacity in China in 2008; at the end of 2011 the proportion was 11.6%.

Energy carriers and power plants

The following table shows the breakdown of power plant capacity by energy source as well as coal production for the years 2007 to 2011:

year Cape. Coal (MW) Cape. Hydropower (MW) Cape. Wind farms (MW) Cape. Other (MW) Prod. Coal (million t)
2007 67,561.6 3,602.6 410.8 6,484.7 16.98
2008 79,551 5,192.6 1,118.1 10,646.9 22.49
2009 93.092 8,596.6 2,693.1 15,657.3 44.08
2010 97,762 10,820.9 4,841.3 20,034.5 48.86
2011 106,721.4 11,334.1 7,263 23,977.4 64.06

coal

In 2008, 86.3% (60,034 MW) of the coal-fired power plants were equipped with desulphurisation systems. In 2008, the consumption of coal was 171.37 million t, CHNG required 333.59 grams of coal for each kWh generated, while in 2006 344.87 grams were required. By 2011, the value fell further to 318.68 grams per kWh. CHNG also has its own coal mines, the production of which rose from 16.98 million t in 2005 to 64.06 million t in 2011.

Hydropower

When the State Power Corporation of China was split up in 2002, each of the five new companies received the rights to build hydroelectric power stations in a particular river system . CHNG was transferred to the Lancang in the province of Yunnan . However, since hydropower plants on Lancang (e.g. Manwan ) had already been completed by other companies or were still under construction, the companies (and the respective holdings) were restructured. The end result was the (Yunnan) Huaneng Lancang River Hydropower Company (also known as HydroLancang ), which holds the development rights to the Lancang. CHNG holds 56% of the shares in HydroLancang, Yunnan Province Development Investment Co. 31.4% and Yunnan Hongta Investment Company the remaining 12.6%.

HydroLancang operates the following hydropower plants on the Lancang (further hydropower plants are already under construction or planned):

CHNG is also involved in the following hydropower plants on the Yangtze River :

  • Ahai (2,000 MW)
  • Jinanqiao (2,400 MW)
  • Liyuan (2,400 MW)
  • Longkaikou (1,800 MW): construction had to be temporarily suspended in 2009 by order of the authorities.
  • Ludila (2,160 MW): construction had to be temporarily suspended in 2009 by order of the authorities.

Other investments related to hydropower are:

  • Cambodia Se San River II Hydropower Co., Ltd. (CSSR): In January 2014, Hydrolancang International Energy Co., Ltd. - a 100% subsidiary of HydroLancang - 51% in CSSR, which will build the Se San River II hydropower plant (400 MW).
  • Yunnan United Power Development Co., Ltd. (YUPDC): HydroLancang has a 50% stake in YUPDC. YUPDC has built the Shweli I hydropower plant (600 MW) on the Shweli River together with the State of Myanmar .

Wind power

Huaneng Renewables Corporation, Ltd. (HRC) operates a total of 62 wind farms in China. Each wind farm is operated as a separate company; HRC's shares in the individual companies are between 46 and 100%. CHNG directly holds 62.25% and through Huaneng Capital Services Corporation, Ltd. another 3.28% in HRC. The following table shows HRC company figures for the years 2008 to 2012:

year Installed capacity (MW) Generation (billion kWh) Fixed Assets (billion yuan) Revenue (billion yuan)
2008 402.3 0.4775 9.012 0.570
2009 1,549.8 1.8845 15,950 0.918
2010 3,522.4 3.7889 30.965 1,768
2011 4,903.9 6.8444 41.356 3.195
2012 5,457.4 8.4023 44,152 4.026

Nuclear power

Currently (as of 2014), CHNG does not operate any nuclear power plants. However, CHNG has a 47.5% stake in Huaneng Shandong Shidaowan Nuclear Power Co., Ltd. (HSNPC) involved a consortium in Rongcheng in the province of Shandong a 200 MW high-temperature reactor called Huaneng HTR Shidaowan built. CHNG held a 49% stake in Hainan Nuclear Power Company Ltd , which is building the Changjiang nuclear power plant , but sold this stake to HPI in December 2010. CHNG has a 5% stake in the Haiyang nuclear power plant, which is currently being built.

Holdings

Important holdings of CHNG are:

  • Huaneng International Power Development Corporation (HIPDC): CHNG has a 51.98% stake in HIPDC.
  • Huaneng Power International (HPI): CHNG has a direct share of 11.06 (or 11.11)% in HPI. 36.05% of HPI is owned by HIPDC. In addition, CHNG indirectly holds additional shares in HPI through other subsidiaries.

Foreign participations

  • InterGen : InterGen is 30% owned by the China Huaneng Group. In April 2011, the Overseas International Industrial Co., Ltd (OIIC) joint venture (together with the Guangdong Yudean Group ) acquired 50% of the shares in InterGen from the Indian GMR Group for US $ 1.232 billion .
  • OzGen : In December 2003, CHNG acquired a 50% stake in OzGen for US $ 227 million . InterGen holds the other 50%. OzGen operates two coal-fired power plants in Australia with an installed capacity of 1,770  MW .
  • Tuas Power (TP): TP, an energy company in Singapore, is wholly owned by Huaneng Power International .

Web links

Individual evidence

  1. ↑ Senior Management
  2. ↑ a b c Annual Report 2014
  3. ^ CHNG, Company Overview. China Huaneng Group, accessed August 26, 2014 .
  4. ↑ a b China Huaneng Group. International Rivers, accessed August 27, 2014 .
  5. ^ A b Lee Spears, Ying Lou: Probe International Special Report: Skyscraper dams in Yunnan. Probe International, May 12, 2006, accessed August 27, 2014 .
  6. ↑ CHNG, Sustainability Report 2008, p. 41 (45)
  7. ↑ a b c CHNG, Sustainability Report 2011, p. 12 (17)
  8. ^ State Grid Corporation of China (SGCC), Brief Introduction. Retrieved August 27, 2014 .
  9. ^ China Southern Power Grid Co. (CSG), About Us. Retrieved August 27, 2014 .
  10. ^ State-owned Assets Supervision and Administration Commission of the State Council (SASAC), Central SOEs. Retrieved August 27, 2014 .
  11. ^ SASAC, Main Functions and Responsibilities of SASAC. Item 4. Accessed on August 27, 2014 (English).
  12. ↑ a b Darrin Magee: THE SCIENCE OF CHINA'S HYDROPOWER. (PDF 61 KB) (No longer available online.) Pp. 4–5 , archived from the original on March 4, 2016 ; accessed on August 20, 2014 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.lancang-mekong.org
  13. ↑ CHNG, Sustainability Report 2008, p. 37 (41)
  14. ↑ CHNG, Sustainability Report 2008, p. 9 (13)
  15. ↑ a b c CHNG, Sustainability Report 2011, p. 20 (34)
  16. ↑ CHNG, Sustainability Report 2008, p. 33 (37)
  17. ↑ CHNG, Sustainability Report 2008, p. 24 (28)
  18. ↑ CHNG, Sustainability Report 2008, p. 27 (31)
  19. ↑ CHNG, Sustainability Report 2011, p. 24 (42)
  20. ↑ HydroLancang. International Hydropower Association, accessed August 26, 2014 .
  21. ↑ a b c d Li Yingqing, Guo Anfei: Xiaowan dam generating electricity in Kunming. China Daily, September 25, 2009, accessed August 26, 2014 .
  22. ^ Nathaniel Matthews, Stew Motta: China's Influence on Hydropower Development in the Lancang River and Lower Mekong River Basin. (PDF 491 KB) State of Knowledge Series. July 2013, pp. 1–2 , accessed on August 27, 2014 (English).
  23. ↑ LANCANG RIVER DAMS: THREATENING THE FLOW OF THE LOWER MEKONG. (PDF 1.4 MB) (No longer available online.) International Rivers, archived from the original on September 3, 2014 ; accessed on August 26, 2014 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.internationalrivers.org
  24. ↑ Largest hydropower station on Mekong River starts operation. (No longer available online.) Xinhua News Agency, September 6, 2012, archived from the original on August 26, 2014 ; accessed on August 27, 2014 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / news.xinhuanet.com
  25. ↑ Huaneng Nuozhadu Hydropower Station - China's fourth largest hydropower station put into operation. China Huaneng Group, accessed August 26, 2014 .
  26. ↑ Xiaowan Dam, A Reservoir for Progress. China.org.cn, September 16, 2002, accessed August 26, 2014 .
  27. ↑ Jinsha River Dams, Jinsha River (Upper Yangtze River) Hydropower Projects List. International Rivers, pp. 1–4 , accessed on August 26, 2014 (English).
  28. ↑ Li Jingrong: Hydropower projects on the Jinsha River ordered to halt. China.org.cn, June 22, 2009, accessed August 26, 2014 .
  29. ↑ China Huaneng Group successfully completes the share acquisition of Cambodia Se San River II Hydropower Project. China Huaneng Group, accessed August 27, 2014 .
  30. ↑ China Huaneng Group completes the share acquisition of Cambodia Se San River II Hydropower Project. China Electricity Council, accessed August 27, 2014 .
  31. ↑ China's Huaneng takes majority stake in Se San River II hydro project, Cambodia. International Water Power & Dam Construction, February 24, 2014, accessed August 27, 2014 .
  32. ↑ a b c d CAPITAL INCREASE IN SICHUAN HYDRO POWER. (PDF 0.54 MB) October 22, 2013, pp. 1–3 , accessed on August 26, 2014 (English).
  33. ^ Yunnan United Power Development Co., Ltd. China Huaneng Group, accessed August 27, 2014 .
  34. ↑ Shweli River Hydropower Station. China Huaneng Group, accessed August 27, 2014 .
  35. ↑ HRC 2012 Annual Report, pp. 130–135
  36. ↑ HRC 2012 Annual Report, pp. 7–8
  37. ↑ HRC 2012 Annual Report, pp. 16-18
  38. ↑ a b c d World Nuclear Association, Government Structure and Ownership, Nuclear Power in China Appendix 1. Retrieved on August 20, 2014 (English).
  39. ↑ China building nuclear power plant with 4th generation features. China.org.cn, January 6, 2013, accessed August 27, 2014 .
  40. ^ Du Juan: Huaneng moves ahead on Shandong nuclear plant. China Daily, January 12, 2012, accessed August 26, 2014 .
  41. ^ Construction starts on second Hainan reactor. November 22, 2010, accessed August 27, 2014 .
  42. ^ Huaneng Power International, Inc. Acquisition of Interests in Time Shipping and Hainan Nuclear. PR Newswire, December 2, 2010, accessed August 27, 2014 .
  43. ↑ HUANENG POWER INTERNATIONAL, INC. Completes Non-public Issuances of H Shares and A Shares. Investor Relations Asia Pacific (IRASIA), December 28, 2010, accessed on August 26, 2014 .
  44. ↑ a b Huaneng Power International, 2014 Interim Report. (PDF 2.2 MB) June 30, 2014, p. 19 , accessed on August 26, 2014 (English).
  45. ↑ HUANENG POWER (00902.HK) Corporate Information. aastocks.com, accessed August 27, 2014 .
  46. ↑ InterGen. China Huaneng Group, accessed August 27, 2014 .
  47. ↑ OzGen. China Huaneng Group, accessed August 27, 2014 .
  48. ^ Tuas Power Ltd. China Huaneng Group, accessed August 27, 2014 .