July 28, 2017 7:45 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 develops coal bases and coal power bases. The company was founded in 1985 and is based in B...

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

President and Director
Age: 60
Chief Financial Officer
Age: 52
Vice President
Vice President
Chief Compliance Officer
Compensation as of Fiscal Year 2017.

China Huaneng Group Key Developments

SPIC Hints At Merger With China Huaneng

State Power Investment Corporation has indicated a potential merger with China Huaneng Group. The SPIC and China Huaneng are "both thinking about forming a union," but all related processes are still ongoing, according to Wang Binghua, Chairman of SPIC.

China Huaneng Group and Andritz AG Sign Strategic Cooperation Framework Agreement

China Huaneng Group and Andritz AG signed a strategic cooperation framework agreement on May 11 at the group headquarters. President of China Huaneng Group Mr. CAO Peixi, deputy general manager Wang Wenzong, President and Chief executive Officer of Andritz AG Wolfgang Leitner, Executive Vice President Wolfgang Semper attended the ceremony. On behalf of both the sides, Wang Wenzong and Wolfgang Semper, signed the agreement. According to the agreement, both sides will play their respective advantages, will build laboratories for developing hydropower technology, will deepen cooperation etc.

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 14, 2016
80% Stake in Shandong Power and Jilin Power and Heilongjiang Power and 90% Stake in Zhongyuan CCGT
 

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