August 28, 2016 3:25 AM ET

Electric Utilities

Company Overview of China Huaneng Group

Company Overview

China Huaneng Group, a state-owned company, invests in, develops, constructs, operates, and manages power sources in China. It develops coal-fired, hydro, wind, solar, nuclear, and natural gas-fired power projects. The company is also involved in the development, investment, construction, production, and sale of products related to finance, energy transportation, renewable energy, and environmental protection; and industrial investment, operation, and management activities. In addition, it produces and sells power and heat; and constructs power transmission and coal transportation channels, as well as coal bases and coal power bases. The company was founded in 1985 and is based in Beijing, C...

No. 6, FuXingMenNei Street

Xicheng District

Beijing,  100031

China

Founded in 1985

Phone:

86 10 6322 8800

Fax:

86 10 6322 8866

Key Executives for China Huaneng Group

General Manager
Age: 61
Deputy General Manager
Deputy General Manager
Chief Accountant
Age: 50
Vice President
Age: 59
Compensation as of Fiscal Year 2016.

China Huaneng Group Key Developments

China Huaneng Group Corporation and China National Offshore Oil Corporation Enter into Strategic Cooperation Agreement

China Huaneng Group Corporation recently entered into a cooperation framework agreement with China National Offshore Oil Corporation. Under the terms of the agreement, both companies will conduct strategic cooperation in the fields of natural gas upstream, LNG receiving stations and natural gas power generation in addition to strengthening their cooperation in natural gas, thermal power and electric power supply, in a move to help each other in industrial upgrading and achieve a win-win situation.

Abengoa and China Huaneng Group Signs a Collaboration Agreement

Abengoa and China Huaneng Group have signed a collaboration agreement for the development of renewable energy, as well as conventional generation projects, in China and other international markets. This agreement provides the establishment of a working group that will explore business opportunities in which both companies can collaborate together in the solar (photovoltaic and thermal) and conventional energy generation sectors in the Chinese and international markets. The signing of this partnership, which took place on September 24th, at the offices of Abengoa in Madrid (Spain), signifies that both companies will be strategic partners and will allow them to combine experience and capacities in the energy sector. The partnership will also generate synergies that will strengthen their presence in markets that they are not established yet.

China Huaneng Group and Abengoa S.A. Signs Cooperation Framework Agreement in Madrid

On September 24, China Huaneng Group and Abengoa S.A. signed a Cooperation Framework Agreement in Madrid. Vice President Mr. Sun Zhiyong signed the agreement on behalf of the Company. Under the agreement, both sides will seek cooperation in areas of solar photovoltaic, concentrating solar power (CSP), as well as conventional energy. Both parties will also strengthen high-level reciprocal visits, technical and professional exchanges at various levels. The signing of the agreement will be conducive to facilitating the Company's clean energy technology R&D, enhancing the Company’s international cooperation, and boosting the Company's international business operations.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 21, 2016
Huaneng Shidaowan Nuclear Development Co., Ltd.
Merger/Acquisition
January 5, 2016
Huaneng International Power Development Corporation
 

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