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From Wikipedia, the free encyclopedia
China Yangtze Power Co., Ltd. (CYPC), known as Yangtze Power is a Chinese utilities company, headquartered in Beijing. The company is a component of SSE 180 Index. A controlling share is held by the parent company China Three Gorges Corporation (CTG, Chinese: 中国长江三峡集团公司), a state-owned enterprise under State-owned Assets Supervision and Administration Commission of the State Council.
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Company type | Public |
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Industry | Hydroelectricity |
Founded | 2002 |
Headquarters | , |
Area served | China |
Key people | Li Yongan (Chairman) |
Parent | China Three Gorges (61.92%) |
Website | cypc.com.cn |
China Yangtze Power Co., Ltd. | |||||||
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Simplified Chinese | 中国长江电力股份有限公司 | ||||||
Traditional Chinese | 中國長江電力股份有限公司 | ||||||
Literal meaning | China Yangtze Electricity Joint-Stock Limited Company | ||||||
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Yangtze Power | |||||||
Simplified Chinese | 长江电力 | ||||||
Traditional Chinese | 長江電力 | ||||||
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The enterprise produces and sells energy to customers. China Yangtze Power was founded on 4 November 2002 and was brought on 18 November 2003 to the Shanghai Stock Exchange. China Yangtze Power originated from a cooperation of Chinese enterprises: Huaneng Power International, China National Nuclear Corporation, China National Petroleum Corporation, Gezhouba Water Resources and Hydropower Engineering Group as well as the Changjiang Institute of Survey, Planning, Design and Research.
The Three Gorges Dam above ground hydroelectric plant became fully operational in 2010 and has an installed capacity of 18.2GW (26 x 700MW). These units have been progressively acquired from the majority owner China Three Gorges Corporation as they have been built. A final underground hydroelectric plant is expected to be transferred by 2012.
The company is the operator of other Yangtze hydroelectric plants – Xiluodu Dam (13,860 MW), Xiangjiaba Dam (6,448 MW) and Gezhouba Dam (2,715 MW).[1] Two other are under construction – Baihetan Dam (16,000 MW) and Wudongde Dam (10,200 MW).
The company sells its electricity via China State Grid Corporation mainly to Central China (Hubei, Hunan, Henan, Jiangxi and Chongqing), East China (Shanghai, Jiangsu, Zhejiang and Anhui) and Guangdong Province.[2]
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