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May 28, 2015 10:29 PM ET

Electric Utilities

Company Overview of China Huaneng Group

Company Overview

China Huaneng Group engages in the investment, development, construction, operation, and management of power sources in China. It produces and sells coal-fired power, hydropower, wind power, solar power, nuclear power, natural gas-fired power, and other forms of energy. The company also engages in the development, investment, construction, production, and sale of businesses and products related to finance, energy transportation, renewable energy, and environmental protection; and industrial investment, operation, and management activities. In addition, it develops and operates coal bases, coal power bases, and coal mine projects; and transports its coal through waterways. Further, the compan...

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

Chairman of the Board and Chief Executive Officer
Age: 54
President and Member of CPC Huaneng Committee
Age: 59
Chief Financial Officer, Chief Accountant and Member of CPC Huaneng Committee
Age: 48
Vice President and Member of CPC Huaneng Committee
Age: 57
Vice President and Member of CPC Huaneng Committee
Age: 57
Compensation as of Fiscal Year 2014.

China Huaneng Group Key Developments

AGL Energy Reportedly Mulls Sale Of Assets

China Huaneng Group and Infrastructure Capital are among the potential buyers for AGL Energy's AUD 500 million stake in Australia's largest wind farm, sources said. AGL Energy works with Macquarie Capital to sell AUD 1 billion of assets, including the Macarthur wind farm, tipped to bring in about AUD 500 million, and potentially its controversial Gloucester coal-seam gas business. The divestments may coincide with the sale of the AUD 13 billion NSW state electricity assets, for which state legislation was introduced yesterday. A timetable for the sales process is predicted to be finalised in a fortnight, and potentially under way within a month, with TransGrid expected to be on the block first.

Huaneng Power International Mulls Acquisition From China Huaneng

Huaneng Power International, Inc. (SEHK:902) is seeking acquisition of asset from China Huaneng Group. “Huaneng Power International will target plants owned by its parent when buying assets in future,” a senior executive said. "Going forward, we will grow through new build and acquisitions of projects, and acquisitions will be focused on our China Huaneng Group's assets," Liu Guoyue, President of Huaneng Power International, told reporters on March 26, 2015.

Enel Signs Cooperation Agreements with China Huaneng and CNNC

Enel SpA has signed cooperation agreements with China Huaneng Group and China National Nuclear Corporation, or CNNC, in Beijing. They will forge a collaborative effort in the areas of scientific and technological cooperation, development of projects for the use of electricity from conventional and renewable energy sources, management research in the fields of social economy, sustainable development, policies and regulation, as well as management of carbon assets and carbon strategy. The agreement establishes a framework for the exchange of information and best practice in the development, design, construction, operation and maintenance of nuclear power plants.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 13, 2014
75% Wuhan and 91.8% Hainan and 53.45% Suzhou Thermal and 97% Dalongtan and 100% Hualiangting
 

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