China Power International Development Limited (CPID), also known as just China Power, is a Chinese electric power company incorporated in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

in 2004. The former ultimate parent company

China Power Investment Corporation China Power Investment Corporation also known as CPI Group was one of the five largest state-owned electricity producers in mainland China. It was administrated by the State-owned Assets Supervision and Administration Commission (SASAC) of the ...

(CPI Group), a Chinese state-owned enterprise also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" () not "International" ().

State Power Investment Corporation State Power Investment Corporation Limited (abbreviation SPIC) is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Tec ...

(SPIC) became the new parent company of CPID after CPI Group was merged with another state-owned enterprise. CPID is one of several Hong Kong listed subsidiaries of five national power generating groups in the Mainland China. Huadian Group, Huaneng Group, and Datang Group also have Hong Kong listed subsidiaries, in each case with the word "International" added to the title. CPID also a

red chip Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...

company, a term for foreign incorporated listed company with Chinese government background in the Stock Exchange of Hong Kong (as Hong Kong had a separate jurisdiction from the Mainland). The fifth of the Big Five China power groups, Guodian Group has a listed subsidiary in Shanghai. , the market capitalization of China Power International Development was HK$21.379

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

History

former logo of CPID and CPI Group China Power International Development Limited was incorporated in

in 2004. Its predecessor and direct parent company, another Hong Kong incorporated company, China Power International Holding Limited (), was founded in 1994. It is ultimately controlled by the

(previously

), one of the five large national power generating groups that were administered by the State-owned Assets Supervision and Administration Commission of the State Council. CPID is engaged in developing, constructing, owning, managing and operating large

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 ...

in China. CPID was listed in the Stock Exchange of Hong Kong on 15 October 2004. It was the only

company among the big 5 electric power generation companies of the Mainland China, the other three were H shares companies as well as dual listed in the Mainland China. The last listed subsidiary, was listed only in the Mainland China stock exchange. In 2009 CPID acquired 63% equity interests in Wu Ling Power making hydroelectric power 18.73% of its total installed capacity, the highest of any of the Chinese IPPs. This protects the company from the costs of

coal power in China China is the largest producer and consumer of coal in the world. It is also the largest user of coal-generated electricity, with over a thousand coal-fired power stations. The share of coal in the energy mix declined during the 2010s, falli ...

, and makes its overall profile cleaner.

References

External links

* {{authority control Electric power companies of China Holding companies of Hong Kong Government-owned companies of China Energy companies established in 1994 Companies listed on the Hong Kong Stock Exchange 2004 establishments in Hong Kong