China Power Investment Corporation (CPI)

China Power Investment Corporation (CPI) was established from part of the constituent businesses of the former State Power Corporation of China. With a registered capital of 12 billion RMB, CPI has been approved by the State Council to become one of the pilot state-authorized investment entities and state-owned holding corporations.

By the end of 2008, the total assets of CPI amounted to 284.2 billion RMB. Its controllable installed capacity reached 51990MW, equity installed capacity reached 40116MW, out of which, 10539MW or 20.3% came from hydro units, 41123 MW or 79.1% from thermal units, 1350.8 MW or 3.37% from nuclear units and 328MW or 0.6% from wind units. CPI has 213 member companies/institutions and 15 participating companies with 104018 employees in total.

CPI owns assets in 28 provinces, municipalities autonomous regions, and also Hong Kong, Macao and so on. Among these, there are six A-share listed companies, namely Shanghai Electric Power Co. Ltd, Shanxi Zhangze Electric Power Co. Ltd, Chongqing Jiulong Electric Power Co. Ltd, Jilin Electric Power Co. Ltd, Huolinhe Open Coal Mining and Shijiazhuang Oriental Co-generation Co. Ltd. CPI also owns China Power International Holding Ltd. registered in Hong Kong, through which CPI indirectly owns China Power Development Ltd. listed at the Hong Kong Stock Exchange and China-Hong Kong Power Development Ltd. devoting to supply power for Hong Kong. Besides, CPI owns Upstream Huanghe Hydropower Development Co., Ltd and Wuling Electric Power Development Corporation with both enjoying river-basin development capabilities. It also owns China Power Complete Equipment Company Ltd., a major player in complete power equipment supply and service. CPI also owns Mengdong Group Co. Ltd., a large-scale coal company. CPI owns 19 operating power plants each above 1000MW, ongoing holding Shandong Haiyang nuclear power project, equally joint holding Liaoning Hongyanhe nuclear power project phase I and holds minority shares in 5 nuclear power plants in operation and 3 under construction. Moreover, CPI is also carrying out preparation for nuclear power projects in Guangxi, Liaoning, Hunan, Jilin and Chongqing.

In 2005, CPI succeeded prominently in strategic acquisition and joint development of coal mines. These steps set basic energy industrial pattern for CPI that takes electric power as the core business, coal mine development as the basis and steady diversification into related businesses. CPI Huolinhe Coal Power Company enjoyed good sales and production and Baihuayin Coal Power Company, jointly invested by CPI, North United Power Co. and CPI Huolinhe Coal Power Company, has had its railway, coalmine and reservoir projects kicked off one after another. CPI’s win-win development mechanism in coal mine and power has achieved good operational results in Huaihu, Pingyu and Libixia. At the same time, environmental protection businesses such as flue gas desulphurization and coal/power/aluminum-combined development have achieved great progress. In addition, CPI’s overseas business obtained steady growth and established China-Hong Kong Power Development Company Ltd. as the holding partner in Hong Kong.

China's Yellow River upstream is one of four major hydro power resource bases identified in the 11th National Five-Year Plan, and is also the key power resource point for the implementation of the strategy of developing the western region and the transmission of electricity from the western to the eastern regions. CPI is speeding up the development of the Yellow River upstream hydropower resources. In 2005, Gongboxia Unit 3 and Unit 4 under Huanghe Hydropower Development Co. Ltd. were put into commercial operation respectively, which is viewed as one of the backbone power resource bases located in the north corridor for “Transmission from Western to Eastern China”. Laxiwa hydropower station, the second cascade power station built at Yellow River Upstream between Longyangxia and Qingtongxia, is CPI’s largest project under construction, which will install 6×700MW Francis turbine units.

CPI is actively developing renewable energy. It participated in the third national concession bidding for wind power projects and won the bid to develop the Dafeng Project in Jiangsu and Anxi Project in Gansu. Capacity of the two projects amounted to 300MW and equipment localization rate reached 95%. CPI’s two 49.5MW wind projects in Inner Mongolia, Damaoqi project and Wulatezhongqi project, were ratified by the Regional Development and Reform Commission.

In 2005, CPI organized project application and construction in an orderly manner. CPI’s 17 power resource projects got approved in 2005 with a total installed capacity of 11959MW, including 5095MW hydro power, accounting for 42.6%. The ratified Zhahazhuoer coal project scaled 15 million tons. CPI won the mining rights for Baiyinhua No.2 open mine with a scale of 15 million tons.

Member List of China Power

CPI Northeast China Branch
1 Office of CPI Northeast China Branch
2 Liaoning Power Plant
3 Dalian General Power Plant
4 Fuxin Power Plant
5 Fushun Power Plant
6 Yuantong Thermal Power Generation Co., Ltd.
7 Tongliao General Power Plant
8 Beipiao Power Plant
9 Dalian No. 1 Co-generation Co., Ltd.
10 Fuxin Power Generation Co., Ltd.
11 Fushun Power Generation Co., Ltd.
12 Chifeng Co-generation Power Plant

CPI East China Branch
1 Office of CPI East China Branch
2 Changxingdao No. 2 Power Plant
3 Wuhu Power Plant
4 Fujian Shaxikou Power Generation Co., Ltd.

CPI North China Branch
1 Shanxi Zhongdian Electric Power Project Engineering Co., Ltd.
2 Shanxi Zhangze Holding Co., Ltd.
3 Niangziguan Power Generation Co., Ltd.
4 Yongji Co-generation Power Co., Ltd.
5 Houma Power Generation Co., Ltd.
6 Bagong Power Generation Co., Ltd.

CPI Jiangxi Branch
1 Office of CPI Jiangxi Branch
2 Jiangxi Nanchang Power Generation Co., Ltd.
3 Jiangxi Xinchang (Nanchang) Power Generation Co., Ltd. Preparation Office.
4 Jiangxi Guixi Power Generation Co., Ltd.
5 Jiangxi Jingdezhen Power Generation Co., Ltd.
6 Jiangxi Fenyi Power Generation Co., Ltd.
7 Jiangxi Sanhe Electric Power Co., Ltd.
8 Jiangxi Zhongdian Electric Power Project Engineering Co., Ltd.
9 Jiangxi Hydropower Maintenance and Installation Engineering Co., Ltd.
10 Jiangxi Zhongyexingda Electric Power Industrial Co., Ltd.
11 Jiangxi Zhengyuan Electric Power Industial Co., Ltd.
12 Jiangxi Fenyi Electric Power Industrial Co., Ltd.
13 Jiangxi Shangyoujiang Electric Power Industial Co., Ltd.
14 Jiangxi Xiangying Electric Power Industrial Co., Ltd.
15 Jiangxi Jiangkou Electric Power Industrial Co., Ltd.
16 Jiangxi Jingyuan Industrial Co., Ltd.
17 Jiangxi Electric Power Fuel Co., Ltd.

CPI Henan Branch
1 Office of CPI Henan Branch
2 Zhengzhou Co-generation Power Plant
3 Pushan Operating Center
4 Nanyang Power Plant
5 Nanyang Xinguang Co-generation Co., Ltd.
6 Xinxiang Thermal Power Plant
7 Xinxiang Yuxin Power Generation Co., Ltd.
8 Pingdingshan Hongxiang Co-generation Company
9 Kaifeng Thermal Power Plant

CPI Hunan Branch
1 Office of CPI Hunan Branch
2 Majitang Hydropower Plant
3 Liyujiang Power Plant

Professional branches
Project Engineering and Management Branch
Operation Branch
Fund Management Center

Wholly owned or controlled subsidiaries
China Power International Holding Ltd.
Liaoning Qinghe Power Generation Co., Ltd.
Liaoning Qinghe Industrial Co., Ltd.
Shentou No. 1 Power Plant
Anhui Huainan Pingwei Power Generation Co., Ltd.
Hongze Co-generation Co., Ltd.
Qinghe Modification and Maintenance Co., Ltd.
Pingdingshan Yaomeng Power Generation Co., Ltd.
Jiangsu Changshu Power Generation Co., Ltd.
Wuhu Zhaoda Electric Power Development Co., Ltd.
Huanghe Hydropower Development Co., Ltd.
Gongboxia Power Generation Branch
Longyangxia Power Generation Branch
Bapanxia Hydropower Plant
Maintenance and Installation Company
Service Corporation
Shanghai Electric Power Co., Ltd.
Nanshi Power Plant
Yangshupu Power Plant
Shanghai Waigaoqiao Power Generation Co., Ltd.
Wujing Power Generation Co., Ltd.
Lijiaxia Power Generation Branch
Qingtongxia Hydropower Plant
Yanguoxia Hydropower Plant
Dam Management Center
Minhang Power Plant
Wujing Co-generation Power Plant
Shanghai Wujing No. 2 Power Generation Co., Ltd.
Wuling Electric Power Co., Ltd.
Hongjiang Hydropower Station
Jinweizhou Hydropower Station
Wuqiangxi Hydropower Plant
Wanmipo Hydropower Station
Lingjintan Hydropower Station
Shanxi Zhangze Electric Power Co., Ltd.
Headquarters of Zhangze Electric Power Co., Ltd.
Hejin Power Plant
Chongqing Jiulong Electric Power Co., Ltd.
Chongqing Jiulong Power Plant
Shizitan General Hydropower Plant
Chongqing Yuyong Electric Power Co., Ltd.
Zhangze Power Plant
Modification and Maintenance Branch
Baihe Power Plant
Chongqing Baihe Power Generation Co., Ltd.
Chongqing Yuanda Environmental Engineering Company
CPI Huolinhe Coal-power Company
Baiyinhua Coal-power Co., Ltd.
Jilin Province Energy and Communications General Corporation
Shandong Nuclear Power Co., Ltd.
Liaoning Nuclear Power Co., Ltd.
Guangxi Changzhou Hydropower Development Co., Ltd.
China Power Complete Equipment Co., Ltd.
CPI Finance Co., Ltd.