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China Power Investment Corporation
|This article is part of the CoalSwarm coverage of China and coal|
The China Power Investment Corporation (CPI or CPIC) is a large state-owned Chinese power generation and coal mining company. CPI states on its website that its mission is "providing green energy; serving the general public". It owns 19 power stations with a generating capacity of greater than 1,000 megawatts.
In July 2015, China Power Investment Corporation merged with State Nuclear Power Technology Corporation (SNPTC) to become State Power Investment Corporation, one of the five largest state-owned electricity producers in the People's Republic of China.
On its website it sates that it "owns assets in 28 provinces, municipalities and autonomous regions as well as Hong Kong and Macau." Included amonsgt its subsidiaries are the Shanghai Electric Power Co., Ltd., Shanxi Zhangze Electric Power Co., Ltd., Chongqing Jiulong Electric Power Co., Ltd., Jilin Electric Power Co. Ltd. and China Power Huolinhe Coal Co., Ltd. "In coal sector, CPI Mengdong Energy Group Co., Ltd. is a large scale coal company."
- China Power Investment Corporation was the owner of one of eight power stations fined for "violations of the law on control of sulfur dioxide emissions." A news report on a statement by the Ministry of Environmental Protection and the National Development and Reform Commission stated that "The plants were punished for excessive discharges of sulfur dioxide, deactivating desulfurizing or emission-monitoring equipment, as well as fabricating emissions data." However, the report did not indicate whether all the plants were found guilty of these breaches or not.
Coal-Fired Power Stations
- China Power International Development Limited (SEHK 2380), listed in Hong Kong is CPI Group's major subsidiary with many power stations in China. The company had total assets of 284.2 billion yuan ($41.55 billion) at the end of 2008 and is consolidating its regional assets.
- China Power New Energy Development Company Limited (SEHK 0735) - a wind power company.
- China Hong Kong Power Development Company Limited - applied in July 2006 to lay power cables in Hong Kong. CPI Holdings had set up a 50% joint-venture company which planned to supply electricity to Hong Kong.
- Huanghe Hydropower Development Company Limited.
The CPI in conjunction with the Burmese government is constructing the Myitsone Dam, a large dam that when completed by 2017 is estimated to produce 3,600 to 6,000 megawatts of electricity for the Yunnan province.
- Website: http://eng.cpicorp.com.cn/
Articles and resources
- China Power Investment Corporation, "Corporate Profile", China Power Investment Corporation website, accessed April 2010.
- "Chinese nuclear giant officially launched", World Nuclear Association (16 July 2015). Retrieved on 4 May 2015.
- "China punishes eight power plants for pollution violations", Xinhua, November 24, 2011.
- Russell Pittman* and Vanessa Yanhua Zhang**, "Electricity Restructuring in China: The Elusive Quest for Competition", U.S. Department of Justice, April 2008.
- Li Weitao (2009-03-07). "China Power Investment Corp plans to list all its assets", chinadaily.com.cn. Retrieved on 15 February 2010.
- CPI Overview
- CPI Business
- Libre, Ryan (02-01-2010). Proposed dam to flood Burma, while powering China. Minn Post. MinnPost.com. Retrieved on 2 February 2010.
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