China Guodian Corporation

China Guodian Corporation (Guodian; Chinese: 国电) is one of the five largest power producers in China, administrated by SASAC for the State Council. It is engaged in development, investment, construction, operation and management of power plants and power generation for electricity supply in Northern China, Northeast China, Central China, East China. Sichuan and Chongqing, Shandong, Yunnan, Guizhou, Guangxi, and Xinjiang, as well as in Burma. Installed capacity of company power plants is exceeding 100,000 MWe.[1] 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 and will absorb China Guodian Corporation.[2]

China Guodian Corporation
中国国电集团公司
TypeState-owned enterprise
IndustryElectricity
FateMerged with Shenhua Group
SuccessorChina Energy Investment Corporation
Founded2002
Headquarters
Beijing
,
China
Area served
China
Key people
Zhu Yongpeng (Chairman)
ProductsElectrical power
RevenueRMB 210,631 billions (2011)
Number of employees
110,000
ParentSASAC
WebsiteChina Guodian Corporation

Listed subsidiaries

A summary of the corporate structure may be found on page 4 of the document.[3]

Unlisted subsidiaries

Guodian United Power is responsible for development and manufacture of wind turbines.

They mainly producing onshore wind turbines of size 1500 kW (designed by the German development company aerodyn Energiesysteme). In addition there a new turbines 2MW, 3MW and a 6MW offshore turbine in development.

They are at the top wind turbine manufacturers by annual market share (Nomber 8 in 2012).

Old Mutual – Guodian is a joint venture life insurance company.

Insurance business

China Guodian Corporation is setting up a property insurance company in Beijing to diversify business into other areas, trying to aid its move towards becoming a more comprehensive energy conglomerate.[5] China Guodian will hold the majority stake in the proposed new insurance company, whose registered capital is expected to reach 1 billion yuan ($146 million).

In the first half of 2008, China Guodian invested in a life insurance company. Later in September, the group purchased a 19.6 percent stake in a city commercial bank in Shijiazhuang, capital city of Hebei province, becoming the bank's largest shareholder.

Prior to China Guodian, the State Grid Corp and several other energy groups also expanded their businesses to the financial sector. They have established a number of insurance companies and hold stakes in securities and futures brokerages.

Equity investments

See also

References
  1. "China Guondian Corporation: The Total Installed Power Generation of China Guodian Corporation Exceeded 100,000MW". Archived from the original on 2014-01-10. Retrieved 2012-11-16.
  2. "China Is Creating the World's Largest Power Company". Bloomberg News. 28 August 2017. Retrieved 29 August 2017.
  3. http://www.hkexnews.hk/listedco/listconews/sehk/2011/1209/01296_1223314/E116.pdf
  4. "China Guodian Corporation - Corporate Profile". Archived from the original on 2008-08-03. Retrieved 2008-03-15.
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