China Huaneng Group
China Huaneng Group is a key state-owned company established with the approval of the State Council.
With registered capital of 20 billion Yuan, the Company is mainly engaged in the following business: development, investment, construction, operation and management of power sources; production and sale of power and heat; development, investment, construction, production, and sale of businesses and products related to finance, energy transportation, renewable energy, and environmental protection; industrial investment, operation and management.
Since its inception in 1985, China Huaneng Group has been providing rich experience for the reform, development and technology advancement of the power industry, and has been playing an exemplary role for power companies in enhancing management level and economic benefits, and has been making great contribution in satisfying power demand for economic and social development, and in ensuring value preservation and increment of state-owned assets. The Company has adhered to the concepts of “clear direction, continuous innovation, extensive cooperation, and mutual benefits”, and has cultivated corporate culture with Huaneng characteristics, such as the “three-color” corporate mission of “a Red company serving the need of socialism, a Green company advocating technology advancement and environmental protection, a Blue company emphasizing continuous innovation and internationalization”, and the core values of “Integrity, Cooperation, Innovation, Performance-oriented, and Serving the Nation” etc.
China Huaneng Group is committed to building itself into a large enterprise group with international competitiveness. By the end of 2014, the Company had total installed capacity of 151GW, with assets distributed all over China and overseas. The Company is also engaged in sectors of coal, finance, technology R&D, and transportation etc. that support the core business of power. The Company was the first Chinese power producer to join the ranks of Fortune 500 Companies, ranking 224th in 2015.
The Twelfth Five-year Plan period is a crucial period for China Huaneng Group to build itself into a world-class company with international competitiveness. The Company will continue to hold high the great banner of socialism with Chinese characteristics, take “Deng Xiaoping Theory” and the “Thought of Three Represents” as guidance, and accelerate the transformation of development mode in accordance with the national energy strategies. The Company will stick to the “three-color” corporate mission, and adhere to the strategic positioning of “power as the core business, coal as the foundation, finance as the supporting business, technology as the driving force, while striving for industrial synergy, so as to build Huaneng into a World-class Company with International Competitiveness”. The Company will also transform the development mode, adjust the industrial structure, and will enhance economic benefits, and strive to become a stronger and larger company, so as to take the lead in joining the ranks of World-class Companies with International Competitiveness, and make greater contribution to building a Moderately Prosperous Society in all aspects.
