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. It is engaged in development,

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, operation and management of power plants 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 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, Central China, East China. Sichuan 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, Guizhou,

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, as well as in Burma. Installed capacity of company power plants is exceeding 100,000 MWe. On August 28, 2017,

announced that China Guodian Corporation and Shenhua Group will be jointly restructured. Shenhua Group will become China Energy Investment Corporation 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 GD Power Development Company, or Guodian Power Development Company, the subsidiary of China Guodian Corporation, engages in the generation and supply of electric power and heat. It was founded in 1992 and was listed on the Shanghai Stock Exchange ...

(SSE: 600795), which is listed on the Shanghai Stock Exchange, is the Group's major thermal power subsidiary. * China Longyuan Power (SEHK 00916) - runs the group's wind-farms. * Guodian Changyuan Electric Power (SZSE: 000966) * Inner Mongolia Pingzhuang Energy (SZSE: 000780) * Ningxia Younglight Chemicals (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, 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 company in Beijing to diversify business into other areas, trying to aid its move towards becoming a more comprehensive energy Conglomerate (company), 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 company. Later in September, the group purchased a 19.6 percent stake in a city commercial bank in Shijiazhuang, 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. They have established a number of insurance companies and hold stakes in securities and Futures contract, futures brokerages.

Equity investments

* UBS Securities (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