Summary
China Energy Investment Corporation, more commonly known as China Energy (Chinese: 国家能源投资集团有限责任公司), is a state-owned mining and energy company administrated by the SASAC of the State Council of the People's Republic of China.
 | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Energy |
| Predecessor | Shenhua Group China Guodian Corporation |
| Founded | 2017 |
| Headquarters | , China |
Area served | China |
| Products | Coal, Electrical power , transportation (rail and ocean), polyethylene, polypropylene |
| Services | Coal production, transportation, Electricity generation |
| Revenue | 542,256,600,000 renminbi (2018)  |
| Owner | Chinese central government (100%) |
| Website | www |
History edit
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 edit
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.
References edit
- ^ "Factbox: Shenhua and Guodian - China's latest state marriage". Reuters. 29 August 2017. Retrieved 30 August 2017.
- ^ "China Is Creating the World's Largest Power Company". Bloomberg News. 28 August 2017. Retrieved 29 August 2017.
External links edit
- Official website (in Chinese and English)
