Huaneng International Power Development Corporation Shenhua Group
What was the subsidiary of China Huaneng Group from Feb 1989 to 1995?
China Huaneng Group China Huaneng Group Co. , Ltd. , abbreviated as CHNG or Huaneng Group , is one of the five largest state-owned electricity generation enterprises in China , administrated by the State Council . It engages in the investment , construction , operation and management of power generation assets and the production and sale of electricity . In 2012 , the company was ranked 246th on the Fortune 500 list . History . China Huaneng Group Corporation was founded in 1989 as the holding company for a series of companies of that under the supervision of of the State Council of China , including Huaneng Coal Corporation and Huaneng International Power Development Corporation , etc . The group was part of a project that replacing oil fired power plant to coal power plant ( ) . In 1993 , the corporation was under the dual supervision of the and the State Planning Committee . In 1995 , Huaneng Coal Corporation became a separate state-owned enterprise group that under the provisional supervision of the State Planning Committee , as Shenhua Group . China Huaneng Group was then became the subsidiary of the State Power Corporation of China , a mega-conglomerate that replacing the commercial function of the Ministry of Power Industry . In 2002 , the State Power Corporation of China was dismantled as groups of companies of power grid ( such as State Grid Corporation of China and China Southern Power Grid ) and power plants ( such as the big five power groups , Huaneng , China Huadian , China Datang Corporation , China Guodian Corporation and China Power Investment Corporation ) In the same year the leader of the mega-conglomerate , had fled China after being investigated for corruption . Huaneng also received some assets from State Power Corporation of China , such as the hydroelectricity company now known as , a listed company since 2017 . In 2005 , Huaneng also acquired the controlling stake ( after the deal owned 51% ) of from a subsidiary of the , becoming the indirect parent company of listed company ( Mengdian Huaneng ) . In 1994 , it also saw the formation of two listed subsidiaries , Huaneng Power International ( HPI ) and Shandong Huaneng Power Development . Their American depositary shares were listed on the New York Stock Exchange . HPI later also started initial public offerings on the Stock Exchange of Hong Kong as well as the Shanghai Stock Exchange . The shares of Huaneng Power International was owned by aforementioned Huaneng International Power Development Corporation , but in recent years China Huaneng Group also owned some shares directly . HPI also merged with Shandong Huaneng Power Development in 2000 . In 2011 China Huaneng Group floated its wind power subsidiary Huaneng Renewables on the Stock Exchange of Hong Kong . Operations . The company oversees the national governments interests in 10 subsidiaries , including a 51% stake in Huaneng Power International . Through subsidiaries it develops and operates more than 130 thermal , wind power and hydropower plants . In addition to its power-generation business , the company enters other sectors , including energy-related mining , financing , transportation , information technology , and renewable energy researches . The companys investment division ranks the 15th in China by revenue and the 21st by asset size . The company owns the Changjiang Nuclear Power Plant in partnership with China National Nuclear Corporation , as well as the Beijing Huaneng Thermal Power Station . The latter , however , is to be closed by 2016 as part of Beijings plan to eradicate pollution . Environmental projects . A sophisticated and expensive technology is to convert coal to gas and strip out the carbon dioxide before the gas is used to generate power . It has a billion dollar project underway called the GreenGen project led by China Huaneng Group , that is scheduled to go online by 2011 at the latest . Acquisitions . In March 2008 CHNG acquired Singapore-based Tuas Power from Temasek Holdings for US$3.04 billion . It was resold to China Huaneng Groups listed subsidiary Huaneng Power International in the same year . In November 2008 CHNG bought 50 per cent stake in InterGen from Indias GMR Group for $1.2 billion . Structure . Beijing Headquarter . The headquarter of Huaneng Group is located on the Changan Street of Beijing , only about 3 kilometers from Tiananmen . In the headquarter , there are several subsidiaries and departments to take charge of different types of business . Major departments in the Beijing headquarter include : - Department of General Administration - Department of Capital Operations and Equity Management - Department of Supervision - Department of Development - Department of Safe Production - Department of Auditing - Department of Budget and Planning - Department of Environmental Protection , Sciences and Technology - Department of Political Affairs - Department of Legal Affairs - Department of Engineering - Department of Operations - Department of Finance - Department of Human Resource - Department of International Cooperations - Labor Union Subsidiaries . The Huaneng Group runs several subsidiaries corresponding to various types of energy industries . Most of those subsidiaries are based in the Beijing headquarter . - Huaneng International Power Development Corporation - Huaneng Properties - GreenGen - Huaneng Power International ( It is listed on the Hong Kong Stock Exchange , Shanghai Stock Exchange and New York Stock Exchange . It is the Groups main thermal power subsidiary , holding about one third of the Groups installed thermal capacity. ) - Huaneng Energy and Transportation - China Huaneng Group Clean Energy Research Institute - Huaneng Renewables ( having a capacity of over 10 GW wind power and 800 MW solar power as of 2017 ) - Huaneng Capital Service - Huaneng Guicheng Trust - China Huaneng Group Fuel - Huaneng Nuclear Power Development Company - Huaneng Technology Innovation Center - Huaneng Coal Industry Company Regional Branches . In addition to Beijing headquarter , Huaneng Group also have branches and companies in at least 29 different provinces or autonomous regions of China . Those regional branches and companies are in real charge of local power plants and electricity generation in each province or region , as well as some other related business . Currently , Huanengs regional companies and branches include : Research . China Huaneng Group also takes on science and technology researches in energy-related fields . The companys current research directions and interests include : - Advanced high-efficiency thermal power generation technology - Thermal power generation environmental technology - Coal-based low-carbon conversion technology - Wind power development - Hydropower development - LNG - Renewable energy and new energy - Shale Gas - Coal mining technology - Energy system - Energy-related information technology