China Huaneng Group
Encyclopedia
China Huaneng Corporation is one of the five largest state-owned power generation enterprises in China
, administrated by the State Council of the People's Republic of China
, engaging in the investment
, construction
, operation
and management
of power generation assets and the production
and sale
of electricity
power.
. Through subsidiaries it develops and operates more than 85 thermal and hydropower plants. In addition to its power-generation business, the company plans to enter other sectors, including finance in China, transportation in China
, information technology
, and renewable energy in China
. In 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings
for $4.2 billion.
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, administrated by the State Council of the People's Republic of China
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...
, engaging in the investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
, construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
, operation
Operations management
Operations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...
and management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
of power generation assets and the production
Production, costs, and pricing
The following outline is provided as an overview of and topical guide to industrial organization:Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions...
and sale
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
of electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
power.
Business
The company oversees the national government's interests in 10 subsidiaries, including a 51% stake in Huaneng Power InternationalHuaneng Power International
Huaneng Power International Inc. , or Huaneng, was established in 1994 administrated by the State Council of the People's Republic of China. It is one of the five largest power producers in China. It engages in the development, construction and operation of large power plants...
. Through subsidiaries it develops and operates more than 85 thermal and hydropower plants. In addition to its power-generation business, the company plans to enter other sectors, including finance in China, transportation in China
Transportation in China
Transport in China may refer to:*Transport in the People's Republic of China *Transport in Hong Kong*Transport in Macau*Transportation in Taiwan...
, information technology
Software industry in China
China's software industry grew at a compound annual growth rate of more than 39% over the period from 2001 to 2007 to reach RMB 506 billion and is further anticipated to grow at a CAGR of nearly 22% through 2012.-Growth:...
, and renewable energy in China
Renewable energy in China
Renewable energy is helping the People's Republic of China complete its economic transformation and achieve "energy security". China rapidly has moved along the path of renewable energy development. About 17 percent of China's electricity came from renewable sources in 2007, led by the world's...
. In 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings
Temasek Holdings
Temasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion at end of March 2011, focused primarily in Asia...
for $4.2 billion.
Subsidiaries
- Huaneng Power InternationalHuaneng Power InternationalHuaneng Power International Inc. , or Huaneng, was established in 1994 administrated by the State Council of the People's Republic of China. It is one of the five largest power producers in China. It engages in the development, construction and operation of large power plants...
, which is listed on the Hong Kong Stock ExchangeHong Kong Stock ExchangeThe Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
, Shanghai Stock ExchangeShanghai Stock ExchangeThe Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
and New York Stock ExchangeNew York Stock ExchangeThe New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
, is the Group's main thermal power subsidiary, holding about one third of the Group's installed thermal capacity. - Huaneng Renewables Company is due to be listed in Hong Kong.