China Huaneng Group is a key State-owned company established with the approval of the State Council.
With registered capital of 34.9 billion yuan ($5.49 billion), the company is engaged in 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; and industrial investment, operation and management.
Since its inception in 1985, China Huaneng Group has been inspiring 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. It has been making great contributions in satisfying power demands for economic and social development,and in ensuring preservation and incremental growth of the value of State-owned assets.
The company adheres to the concepts of “clear direction, continuous innovation, extensive cooperation, and mutual benefits”, and cultivates corporate culture with its own distinctive characteristics.
Huaneng Group is committed to becoming a large enterprise group with international competitiveness. By 2016, the company had total installed capacity of 165GW, with assets distributed all over China and overseas. The company is also engaged in coal, finance, technology R&D, and transportation, which all support the core business of power. It was the highest-ranking Chinese power producer, at 217th, in the Fortune 500 Companies list for 2016.
The company will endeavor to enhance development benefits, improve overall strength and build up world-class management to be stronger, better and bigger, and to take the lead in joining the ranks of World-class Companies with international competitiveness. It intends to make greater contributions in comprehensively building a moderately prosperous society.
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