China Guodian Corporation (Guodian; ) is one of the five largest power producers in China, administrated by

SASAC The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of variou ...

for the

State Council State Council may refer to: Government * State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President * State Council of the People's Republic of China, the national cabinet and chief administrative auth ...

. It is engaged in

development Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped *Photographi ...

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

operation Operation or Operations may refer to: Arts, entertainment and media * ''Operation'' (game), a battery-operated board game that challenges dexterity * Operation (music), a term used in musical set theory * ''Operations'' (magazine), Multi-Ma ...

and

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

power plants A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many pow ...

and

power generation Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stor ...

for

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described ...

supply in

Northern China Northern China () and Southern China () are two approximate regions within China. The exact boundary between these two regions is not precisely defined and only serve to depict where there appears to be regional differences between the climate ...

Northeast China Northeast China or Northeastern China () is a geographical region of China, which is often referred to as "Manchuria" or "Inner Manchuria" by surrounding countries and the West. It usually corresponds specifically to the three provinces east of t ...

Central China Central China () is a geographical and a loosely defined cultural region that includes the provinces of Henan, Hubei and Hunan. Jiangxi is sometimes also regarded to be part of this region. Central China is now officially part of South Central ...

East China East China () is a geographical and a loosely defined cultural region that covers the eastern coastal area of China. A concept abolished in 1978, for economical purposes the region was defined from 1949 to 1961 by the Chinese Central Governme ...

Sichuan Sichuan (; zh, c=, labels=no, ; zh, p=Sìchuān; alternatively romanized as Szechuan or Szechwan; formerly also referred to as "West China" or "Western China" by Protestant missions) is a province in Southwest China occupying most of the ...

and

Chongqing Chongqing ( or ; ; Sichuanese dialects, Sichuanese pronunciation: , Standard Mandarin pronunciation: ), Postal Romanization, alternately romanized as Chungking (), is a Direct-administered municipalities of China, municipality in Southwes ...

Shandong Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilizati ...

Yunnan Yunnan , () is a landlocked Provinces of China, province in Southwest China, the southwest of the People's Republic of China. The province spans approximately and has a population of 48.3 million (as of 2018). The capital of the province is ...

Guizhou Guizhou (; formerly Kweichow) is a landlocked province in the southwest region of the People's Republic of China. Its capital and largest city is Guiyang, in the center of the province. Guizhou borders the autonomous region of Guangxi to t ...

Guangxi Guangxi (; ; Chinese postal romanization, alternately romanized as Kwanghsi; ; za, Gvangjsih, italics=yes), officially the Guangxi Zhuang Autonomous Region (GZAR), is an Autonomous regions of China, autonomous region of the People's Republic ...

, and

Xinjiang Xinjiang, SASM/GNC: ''Xinjang''; zh, c=, p=Xīnjiāng; formerly romanized as Sinkiang (, ), officially the Xinjiang Uygur Autonomous Region (XUAR), is an autonomous region of the People's Republic of China (PRC), located in the northwest ...

, as well as in

Burma Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

. Installed capacity of company power plants is exceeding 100,000

MWe The watt (symbol: W) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantify the rate of energy transfer. The watt is named after James Watt ...

. On August 28, 2017,

announced that China Guodian Corporation and

Shenhua Group Shenhua Group Corporation Limited was a Chinese state-owned mining and energy company. Shenhua Group was founded in October 1995 under the auspices of the State Council of the People's Republic of China. It was the largest coal-producing compan ...

will be jointly restructured. Shenhua Group will become

China Energy Investment Corporation 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 announc ...

and will absorb China Guodian Corporation.

Subsidiaries

A summary of the corporate structure may be found on page 4 of the document.

Listed subsidiaries

* Guodian Power Development Company Limited (SSE: 600795), which is listed on the

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...

, is the Group's major thermal power

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

. *

China Longyuan Power China Longyuan Power Group Limited (), or Longyuan Power, is the largest wind power producer in China and Asia. It is mainly engaged in designing, developing, managing and operating wind power plants, and selling the electricity generated by its ...

(SEHK 00916) - runs the group's wind-farms. *

Guodian Changyuan Electric Power Guodian may refer to: *Guodian Chu Slips: a collection of classical Chinese texts found in the Guodian tombs in Jingmen, Hubei * China Guodian Corporation: a state-owned power generation enterprise in China *GD Power Development Company: a subsidia ...

(SZSE: 000966) * Inner Mongolia Pingzhuang Energy (SZSE: 000780) *

Ningxia Younglight Chemicals Ningxia (,; , ; Chinese postal romanization, alternately romanized as Ninghsia), officially the Ningxia Hui Autonomous Region (NHAR), is an Autonomous regions of China, autonomous region in the Northwest China, northwest of the China, People's ...

(SZSE: 000635) * Guodian Technology & Environment Group (SEHK: 01296)

Unlisted subsidiaries

Guodian United Power is responsible for development and manufacture of wind turbines. They mainly producing onshore wind turbines of size 1500 kW (designed by the German development company aerodyn Energiesysteme GmbH). In addition there a new turbines 2MW, 3MW and a 6MW offshore turbine in development. They are at the top wind turbine manufacturers by annual market share (Nomber 8 in 2012). Old Mutual – Guodian is a joint venture life insurance company.

Insurance business

China Guodian Corporation is setting up a

property insurance Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or bo ...

company in Beijing to diversify business into other areas, trying to aid its move towards becoming a more comprehensive energy conglomerate. China Guodian will hold the majority stake in the proposed new insurance company, whose registered capital is expected to reach 1 billion yuan ($146 million). In the first half of 2008, China Guodian invested in a

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

company. Later in September, the group purchased a 19.6 percent stake in a city commercial bank in

Shijiazhuang Shijiazhuang (; ; Mandarin: ), formerly known as Shimen and romanized as Shihkiachwang, is the capital and most populous city of China’s North China's Hebei Province. Administratively a prefecture-level city, it is about southwest of Beijin ...

, capital city of Hebei province, becoming the bank's largest shareholder. Prior to China Guodian, the State Grid Corp and several other energy groups also expanded their businesses to the

financial sector Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...

. They have established a number of insurance companies and hold stakes in

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

and

futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

brokerage A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

Equity investments

UBS Securities UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the List of large ...

(14%)

References

External links

China Guodian Corporation
{{Authority control Electric power companies of China Government-owned companies of China Chinese companies established in 2002 Energy companies established in 2002 Companies based in Beijing