May 20, 2018 10:49 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
Vice President
Chief Compliance Officer
Compensation as of Fiscal Year 2017.

China Huaneng Group Key Developments

Huaneng Power International, Inc. Enters into the Framework Agreement with Huaneng Group

On 12 December 2017, the Huaneng Power International Inc. entered into the Huaneng Group Framework Agreement with Huaneng Group, its ultimate controlling shareholder, for a term commencing on 1 January 2018 and expiring on 31 December 2018. Pursuant to the Huaneng Group Framework Agreement, the company will conduct the following transactions with Huaneng Group and its subsidiaries and associates: purchase of ancillary equipment and parts; purchase of fuel and transportation services; leasing of facilities, land and office spaces; technical services, engineering contracting services and other services; provision of entrusted sale services; sale of products; purchase of electricity; sale of electricity; and purchase of heat. Such transactions will be conducted on an on-going basis and constitute continuing connected transactions under the Hong Kong Listing Rules.

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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