China Energy Investment

China Energy Investment Corporation, more commonly known as China Energy (Chinese: 国家能源投资集团有限责任公司), is a state-owned mining and energy company administrated by the SASAC of the State Council of the People's Republic of China.

China Energy Investment Corporation
国家能源投资集团
TypeState-owned enterprise
IndustryEnergy
PredecessorShenhua Group
China Guodian Corporation
Founded2017 (2017)
Headquarters
Beijing
,
China
Area served
China
ProductsCoal, Electrical power , transportation (rail and ocean), polyethylene, polypropylene
ServicesCoal production, transportation, Electricity generation
Revenue542,256,600,000 renminbi (2018) 
OwnerChinese central government (100%)
ParentSASAC
Websitewww.ceic.com

History

On August 28, 2017, SASAC announced that China Guodian Corporation and Shenhua Group will be jointly restructured. Shenhua Group will become China Energy Investment Corporation Limited and will absorb China Guodian Corporation. It will be the largest power company in the world by installed capacity.[1][2]

Operations

China Energy is engaged in development, investment, construction, operation and management of power plants and power generation for electricity supply in China. It also mines coal; operates railroads, ports and seaborne shipments; produces polyethylene and polypropylene; and undertakes research, development, and demonstrations activities.

References
  1. "Factbox: Shenhua and Guodian - China's latest state marriage". Reuters. 29 August 2017. Retrieved 30 August 2017.
  2. "China Is Creating the World's Largest Power Company". Bloomberg News. 28 August 2017. Retrieved 29 August 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.