China HuaNeng Group · Beijing China
Company Description
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This link will open in a new window China Huaneng Group (CHNG) is one of China's five largest power conglomerates. The company oversees the national government's interests in 10 subsidiaries, including a 51% stake in Huaneng Power International . Through subsidiaries it develops and operates more than 85 thermal and hydro power plants. In addition to its power-generation business, the company plans to enter other sectors, including finance, transportation, information technology, and renewable energy. In 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings for $4.2 billion. To read the full description, subscribe now.
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Key China HuaNeng Group Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $745.3 |
| Employees | 200 |
China HuaNeng Group Executives
6 executives listed for China HuaNeng Group's Beijing, location.
| Title | Name & Bio | Contact |
| CEO | Li Xiaopeng | Network |
| VP | Wu Ruosi | Network |
| VP | Huang Long | Network |
Competition
Competitive Landscape for China HuaNeng Group
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top China HuaNeng Group Competitors
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