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November 26, 2015 10:32 PM 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


Founded in 1985


86 10 6322 8800


86 10 6322 8866

Key Executives for China Huaneng Group

Chairman of the Board and Chief Executive Officer
Age: 55
President and Member of CPC Huaneng Committee
Age: 60
Chief Financial Officer, Chief Accountant and Member of CPC Huaneng Committee
Age: 49
Vice President and Member of CPC Huaneng Committee
Age: 58
Vice President and Member of CPC Huaneng Committee
Age: 58
Compensation as of Fiscal Year 2015.

China Huaneng Group Key Developments

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.

China Huaneng Mulls Sale

China Huaneng Group mulls over the sale of 39.2% stake in Shanxi Shigang Coal Industry Co., Ltd. for CNY 46.5 million, according to information released by China Beijing Equity Exchange.

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