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Huadian Power International Corporation Limited ('the Company') and its subsidiaries (the Group) is one of the largest IPPs in China. From the listed in 1999, the installed capacity of the Company consistently grew through the acquisition and greenfield construction, the average annual growth rate is more than approximately 20%. By June 30 2009, the total installed capacity controlled by the Company had amounted to 22,993.5 MW, and the total interested installed capacity amounted to 18,473.3 MW.
The Company was incorporated in Jinan, Shandong Province, PRC. On June 28th, 1994 and is primarily engaged in the construction and operation of power plants and other businesses related to power generation. The Company was jointly promoted by Shandong Electricity Power (Group) Corporation('SEPCO'), Shandong International Trust and Investment Corporation('SITIC'), China Power Trust and Investment Company Ltd., Shandong Luneng Development Group Co. Ltd. and Zaozhuang City Infrastructure Investment Company. The total share capital of the Company, at that time, was RMB 3,825.056million Yuan.
After approval by the Ministry of Foreign Trade and Economic Cooperation of PRC., the Company is a Sino-foreign investment joint stock company limited by shares incorporated in PRC.
H shares and A shares of the Company were listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange in June 1999 and February 2005, respectively. Currently, there is a share capital of 6.021billion shares, of which approximately 1.431billion shares were circulating H shares, representing 23.77% of the Company's total issued share capital. A shares are 76.23% of the Company's total issued share capital, with a total of approximately 4.59 billion shares.
As at 30 June 2009, the shareholders structure is as the followed:
| China Huadian Corporation* |
50.60% |
| Shandong International Trust Corporation |
13.30% |
| Other Holders of H Shares |
22.35% |
| Other Holders of A Shares |
13.75% | *Notes: China Huadian Corporation hold approximately 2.961 billion A shares and 85.862 million H shares.
As at 30 June 2009, there are a total of 27 power generation plants/companies wholly-owned or controlled by the Group. The generation assets of the Company are as follows:
| Number |
Power plants/Companies |
Total installed Capacity(controlled and invested) |
Equity interest held by the Company |
Total installed Capacity interested amounted to the Company |
| （MW） |
（MW） |
| 1 |
Zouxian Plant |
2,540 |
100% |
2,540 |
| 2 |
Shiliquan Plant |
740 |
100% |
740 |
| 3 |
Laicheng Plant |
1,200 |
100% |
1,200 |
| 4 |
Huadian Zouxian Power Generation Company Limited |
2,000 |
69% |
1,380 |
| 5 |
Huadian Qingdao Power Generation Company Limited |
1,200 |
55% |
660 |
| 6 |
Huadian Weifang Power Generation Company Limited |
2,000 |
45% |
900 |
| 7 |
Huadian Zibo Power Company Limited |
433 |
100% |
433 |
| 8 |
Huadian Zhangqiu Power Generation Company Limited |
890 |
87.50% |
778.8 |
| 9 |
Huadian Tengzhou Xinyuan Power Company Limited |
930 |
93.257% |
867.29 |
| 10 |
Huadian Laizhou Wind Power Company Limited |
40.5 |
55% |
22.3 |
| 11 |
Huadian Ningxia Lingwu Power Generation Company Limited |
1,200 |
65% |
780 |
| 12 |
Ningxia Zhongning Power Generation Company Limited |
660 |
50% |
330 |
| 13 |
Huadian Ningxia Ningdong Wind Power Company Limited |
45 |
100% |
45 |
| 14 |
Sichuan Guangan Power Generation Company Limited |
2,400 |
80% |
1,920 |
| 15 |
Sichuan Huadian Luding Hydropower Company Limited |
- |
100% |
- |
| 16 |
Sichuan Huadian Za-gunao Hydroelectric Development Company Limited |
228 |
49% |
111.7 |
| 17 |
Huadian Xinxiang Power Generation Company Limited |
1,320 |
90% |
1,188 |
| 18 |
Huadian Luohe Power Generation Company Limited |
- |
75% |
- |
| 19 |
Anhui Huadian Suzhou Power Generation Company Limited |
1,200 |
97% |
1,164 |
| 20 |
Anhui Huadian Wuhu Power Generation Company Limited |
1,320 |
65% |
858 |
| 21 |
Anhui Chizhou Jiuhua Power Generation Company Limited |
600 |
40% |
240 |
| 22 |
Huadian Suzhou Biomass Energy Power Company Limited |
25 |
78% |
19.5 |
| 23 |
Huadian Inner Mongolia Kailu Wind Power Company Limited |
- |
75% |
- |
| 24 |
Hangzhou Huadian Banshan Power Generation Company Limited |
1,435 |
64% |
918.4 |
| 25 |
Hebei Huadian Shijiazhuang Thermal Power Company Limited |
500 |
82% |
410 |
| 26 |
Hebei Huadian Complex Pumping-storage Power Company Limited |
57 |
100% |
57 |
| 27 |
Hebei Huarui Energy Group Corporation Limited |
125 |
100% |
1,765 |
| 合计 |
|
23,718.5 |
|
20,556.6 |
*Note: The controlled capacity of the Group refers to the total installed capacity of the Company, its subsidiaries, jointly controlled entity and associates of which the Company is the largest shareholders.
Vision and Mission: pursuing the harmonious unification of the shareholders' value, the society responsibility and the staff interest, providing the safe, clean, reliable and low cost electricity for the society.
Operating Model: The Company develops, constructs, acquires, manages and operates the large-scale power plants in way of controlling or occupying completely in China. The generated electricity by the Company will be supplied to the customers through the power grids in various cities and regions.
The development strategies of the Company include:
Regional development strategy: strengthens the businesses in Shandong Province with a view of expanding to other regions in China and international markets, appropriately centralized its operations geographically, and integrate its short-term development with its long-term development.
Industry development strategy: focus on the development of thermal power generating units with large capacity, efficiency and of environment conservation in nature; expand to develop the business of heat and electricity co-generation and hydro power projects appropriately; place emphasis on acquiring new source of energy and cautiously invest in high-tech new energy power projects.
Development implementation strategy: carry out acquisition as well as construction of new plants with emphasis on economic benefits and scale. |
