 China Power International Development Limited (the "Company" or "China Power") was incorporated in Hong Kong with limited liability under the Companies Ordinance (Cap. 32 of the Laws of Hong Kong) on 24 March 2004 and is the flagship company of China Power Investment Corporation ("CPI Group"), one of the five largest power-generating groups in the People's Republic of China (the "PRC" or "China").
The shares of the Company were listed on The Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") on 15 October 2004. The stock code is 2380.
The Company's principal business is to develop, construct, own, operate and manage large power plants in the PRC.
At present, the Company and its subsidiaries (the "Group" or "We") own and operate the following power plants: Pingwei Power Plant (100% ownership), Pingwei Power Plant II (100% ownership), Yaomeng Power Plant (100% ownership), Yaomeng Power Plant II (100% ownership), Shentou I Power Plant (100% ownership) , Dabieshan Power Plant (93% ownership) and an associated company, Changshu Power Plant (50% ownership), which have a total installed capacity of 8,350 MW and the installed capacity attributable to the Company in these power plants is 7,615 MW.
The Company also owns 63% equity interests in Wu Ling Power, one of the leading hydro-power development companies in the PRC. Wu Ling Power is the largest hydro-power company in Hunan Province with a total installed capacity of 4,686 MW, of which an installed capacity of 2,680 MW is attributable to the Company.
The Company also holds shares of Shanghai Power (18.86% ownership). Shanghai Power is a power company whose shares are listed on the Shanghai Stock Exchange. The Company is its second largest shareholder after CPI Group. As at 31 December 2010, Shanghai Power's attributable installed capacity was 6,842 MW, while ours was 1,290 MW.
As at 31 December 2010, the Company's total attributable installed capacity was 11,585 MW, of which attributable installed capacity of hydro-power plants was 2,528 MW, accounting for 21.82% of all attributable installed capacity, making the Company an overseas listed PRC power-generation company with the highest percentage of hydro-power installed capacity.
The Company also manages two other power plants on behalf of CPI Holding, namely, Qinghe Power Plant (1,000 MW) and Wuhu Shaoda Power Plant (250 MW). Total entrusted management capacity was 1,250 MW.
The Company's thermal power projects that are currently under construction include: Fuxi Power Plant (2 x 600 MW), Xintang Power Plant (2 x 300MW) and the "Replacement of Small Units with Larger Units" projects with two generation units of 600 MW from Shentou I Power Plant which was approved for construction by National Development and Reform Commission. The installed capacity of the new thermal projects above totalled 3,000 MW.
The Company's hydro power projects that are currently under construction include Baishi Power Plant (3 x 140 MW), Tuokou Power Plant (4 x 200 MW + 2 x 15 MW), and Heimifeng Power Plant (2 x 300 MW). The installed capacity of the new hydro projects above totalled 1,850MW. |
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