China Energy Investment Explained

China Energy Investment Corporation
国家能源投资集团
Type:State-owned enterprise
Predecessor:Shenhua Group
China Guodian Corporation
Location City:Beijing
Location Country:China
Area Served:China
Industry:Energy
Products:Coal, Electrical power, transportation (rail and ocean), polyethylene, polypropylene
Services:Coal production, transportation, Electricity generation
Owner:Chinese central government (100%)

China Energy Investment Corporation, more commonly known as China Energy, is a state-owned mining and energy company administrated by the SASAC of the State Council of the People's Republic of China.

History

On August 28, 2017, SASAC announced that China Guodian Corporation and Shenhua Group will be jointly restructured. Shenhua Group will become China Energy Investment Corporation Limited and will absorb China Guodian Corporation. It will be the largest power company in the world by installed capacity.[1] [2]

Operations

China Energy is engaged in development, investment, construction, operation and management of power plants and power generation for electricity supply in China. It also mines coal; operates railroads, ports and seaborne shipments; produces polyethylene and polypropylene; and undertakes research, development, and demonstrations activities.

Notes and References

  1. News: Factbox: Shenhua and Guodian - China's latest state marriage. 30 August 2017. Reuters. 29 August 2017.
  2. News: China Is Creating the World's Largest Power Company. 29 August 2017. Bloomberg News. 28 August 2017.