China Power International Development
Encyclopedia
China Power International Development was incorporated in Hong Kong
in 1994. The State owned PRC
parent company CPI Group also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" (投资) not "International" (国际).
CPID is one of several red chip
Hong Kong listed subsidiaries of five national power generating groups in the People's Republic of China
. Huadian Group, Huaneng Group, and Datang Group also have Hong Kong listed subsidiaries, in each case with the word "International" added to the title. The fifth of the Big Five China power groups, Guodian Group has a listed subsidiary in Shanghai.
in 1994. It is ultimately controlled by China Power Investment Corporation
, one of the five large national power generating groups administered by SASAC. CPID Limited is engaged in developing, constructing, owning, managing and operating large power plants in China. It also formed a joint-venture company with Vertex Group and China Southern Power Grid
for the preparation of electricity
supply to Hong Kong.
CPID was listed in the Hong Kong Stock Exchange
in 2004.
In 2009 CPID acquired 63% equity interests in Wu Ling Power making hydro 18.73% of its total installed capacity, the highest of any of the Chinese IPPs. This protects the company from the costs of coal power in China
, and makes its overall profile cleaner.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
in 1994. The State owned PRC
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
parent company CPI Group also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" (投资) not "International" (国际).
CPID is one of several red chip
Red chip
Red chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
Hong Kong listed subsidiaries of five national power generating groups in the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. Huadian Group, Huaneng Group, and Datang Group also have Hong Kong listed subsidiaries, in each case with the word "International" added to the title. The fifth of the Big Five China power groups, Guodian Group has a listed subsidiary in Shanghai.
History
The company was incorporated in Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
in 1994. It is ultimately controlled by China Power Investment Corporation
China Power Investment Corporation
China Power Investment Corporation is one of the five largest state-owned power producers in the People's Republic of China, administrated by SASAC for the State Council of the People's Republic of China. It is engaged in development, investment, construction, operation and management of power...
, one of the five large national power generating groups administered by SASAC. CPID Limited is engaged in developing, constructing, owning, managing and operating large power plants in China. It also formed a joint-venture company with Vertex Group and China Southern Power Grid
China Southern Power Grid
China Southern Power Grid Company Limited is one of the two state-owned enterprises established in 2002 according to the precept to reform the power system promulgated by the State Council of the People's Republic of China, the other being State Grid Corporation of China...
for the preparation of electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
supply to Hong Kong.
CPID was listed in the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 2004.
In 2009 CPID acquired 63% equity interests in Wu Ling Power making hydro 18.73% of its total installed capacity, the highest of any of the Chinese IPPs. This protects the company from the costs of coal power in China
Coal power in China
The People's Republic of China is the largest consumer of coal in the world, and is about to become the largest user of coal-derived electricity, generating 1.95 trillion kilowatt-hours per year, or 68.7% of its electricity from coal as of 2006...
, and makes its overall profile cleaner.