China Energy Conservation and Environmental Protection Group Corporation formerly known as China Energy Conservation Investment Corporation (CECIC) is a
Beijing-based
state-owned enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
established in 1988 by the
State Council of the People's Republic of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...
. Its
investment portfolio is committed to promoting
energy-saving and
environmental protection technologies and projects.
CECIC has responsibility for 23 billion renminbi of investment in the national
energy conservation
Energy conservation is the effort to reduce wasteful energy consumption by using fewer energy services. This can be done by using energy more effectively (using less energy for continuous service) or changing one's behavior to use less service (f ...
fund for basic construction projects. It has promoted 13 major
energy-saving measures and has completed more than 3,000 large-scale
energy efficient and
environmental protection projects.
The president is Xiaokang Wang.
Business areas
China Energy Conservation Investment Corporation, through its subsidiaries, engages in the environmental protection, energy conservation, new and
renewable energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...
, materials, and technology businesses. It involves in the treatment of environment, administration of
water resources
Water resources are natural resources of water that are potentially useful for humans, for example as a source of drinking water supply or irrigation water. 97% of the water on the Earth is salt water and only three percent is fresh water; slight ...
, production and supply of water, treatment and recycling of
waste water, manufacture of anti-pollution equipment, and construction of environmental projects; power generation, and production and supply of heat, as well as manufacture of power transmission, distribution, and control equipment; manufacture of lighting devices and instruments, production of cold rolled steel strips, and manufacture of metal processing machines; hydroelectric and wind power generation, and gas supply; manufacture of new building materials, and mining and dressing of scarce and rare-earth metal ores; and manufacture of communication equipment, electronic devices, information chemical products, and equipment for public society security.
The company also provides services, such as computer software services, as well as assets management, technology venture investment, and financial and industrial services.
Subsidiaries
*
China Geo-Engineering Corporation
China Geo-Engineering Corporation (abbreviated as CGC) is a Chinese construction company that ranks in the ''Engineering News Record'' annual compilation of construction firms as one of the 250 largest international contractors by sales, with int ...
* China Ground Source Energy Industry Group Limited
* CECEP COSTIN New Materials Group Limited
*
China Metal Recycling (Holdings) Limited
See also
*
Suntech Power
*
Chint Group
References
External links
*
{{authority control
Investment companies of China
Conglomerate companies of China
Environmental organizations based in China
Government-owned companies of China
Companies based in Beijing
Conglomerate companies established in 1997
Financial services companies established in 1997
Renewable resource companies established in 1997
Chinese companies established in 1997