China Huaneng Group

China Huaneng Group is a state-owned enterprise that was founded in 1985. The company operates within the energy, renewable energy, oil, and gas industries, with its headquarters located in China. It serves as the holding company for a series of companies under the supervision of the State Planning Committee of the State Council of China. In 1995, Huaneng Coal Corporation became a separate state-owned enterprise group under the provisional supervision of the State Planning Committee, as Shenhua Group. China Huaneng Group then became a subsidiary of the State Power Corporation of China, a conglomerate that replaced the commercial function of the Ministry of Power Industry. In 2002, the State Power Corporation of China was dismantled, leading to the emergence of various companies in the power grid and power plants sectors. Huaneng also received assets from the State Power Corporation of China, including the hydroelectricity company now known as Huaneng Lancang River Hydropower, which became a listed company in 2017. In 2005, Huaneng further expanded its portfolio by acquiring the controlling stake of North United Power Corporation, indirectly becoming the parent company of listed company Inner Mongolia Mengdian Huaneng Thermal Power. The company has a significant presence and influence in the energy sector, particularly in the transition from oil-fired power plants to coal power plants. While no specific recent investment information is available, the company's strategic positioning and role as a state-owned entity indicate its stability and influence within the industry. Overall, China Huaneng Group has established itself as a key player in the energy and power sectors in China, leveraging its state-owned status and strategic acquisitions to solidify its position in the market.