China Energy Engineering Corporation

China Energy Engineering Corporation or Energy China (CEEC, Chinese: 中国能源建设), is a Chinese state-owned energy conglomerate, with headquarters in Chaoyang District, Beijing.

China Energy Engineering Corporation (Energy China)
TypeState-owned
SEHK: 3996
IndustryEnergy
FoundedSeptember 29, 2011 (2011-09-29)
HeadquartersChaoyang District,
Beijing
,
China
Area served
Worldwide
Key people
Wang Jianping (汪建平) (Chairman)
ServicesSurvey, design and consultancy, construction and contracting, equipment manufacturing, civil explosives and cement production, investment, etc.
Revenue226,066,820,000 renminbi (2018) 
Number of employees
160,000+
SubsidiariesChina Gezhouba Group Corporation
Websiteen.ceec.net.cn

The conglomerate was established on September 29, 2011, with the approval of the State Council of China. It is under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). Its major group companies include the China Gezhouba Group Corporation (CGGC), China Power Engineering Consulting Group Corporation (CPECC), Electric Power Planning & Engineering Institute (EPPEI), China Energy Equipment Co., Ltd., the Engineering Department (14 design & survey institutes in 14 provinces, municipalities and autonomous regions), and the Construction Department (22 construction enterprises in 15 provinces, municipalities and autonomous regions).[1]

Main subsidiary: China Energy Engineering Group Guangdong Power Engineering Co., Ltd.

In November 2015, the company announced its IPO on the Hong Kong Stock Exchange.[2]

In October 2020, CEEC and its subsidiary, China Electric Design and Research Institute, were debarred for 18 months by the World Bank for fraudulent practices on an energy project in Zambia.[3][4]

References
  1. "Company Brochure" (PDF). Official website of CEEC. Retrieved 2 March 2016.
  2. Fox Hu (25 November 2015). "China Energy Engineering Draws Silk Road, GE to $2 Billion IPO". Bloomberg.com.
  3. "World Bank Group Sanctions Two Chinese Engineering Companies for 18 months". Modern Diplomacy. 2020-10-29. Retrieved 2020-11-01.
  4. "World Bank sanctions Chinese engineering firms in Zambian power project". Reuters. 2020-10-28. Retrieved 2020-11-01.


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