National Energy Investment Group
{{#badges: CoalSwarm|Navbar-Chinacoal}} National Energy Investment Group Co. (NEI), also known as China Energy Investment Corporation, is a state-owned mining and power company administrated by State-owned Assets Supervision and Administration Commission of the State Council (SASAC) for the People's Republic of China.
On August 28 2017, SASAC announced that China Guodian Corporation and Shenhua Group will be jointly restructured. Shenhua Group will become China National Energy Investment Group and will absorb China Guodian Corporation. It will be the largest power company in the world by installed capacity, as well as the world's largest coal producer.[1][2] The merger was completed on November 28, 2017.[3]
Assets
At the time of its merger, China National Energy Investment Group has 83 coal mines and an approved production capacity of 429 million tons, making it the world's largest coal producer.[3]
The new group also has 167,000 megawatts of thermal power capacity, with power plants in 31 municipalities and provinces across China as well as in Australia, South Africa, Indonesia and other countries, making it the world's largest thermal power producer.[3]
National Energy Investment Group is also the world's biggest renewable energy producer and largest coal-to-oil and coal chemical company. The group also owns 2,155 kilometers of railways, and ports with a combined annual throughput of 300 million tons and 80 proprietary vessels.[3]
Articles and resources
References
- ↑ "Factbox: Shenhua and Guodian - China's latest state marriage", Reuters (29 August 2017). Retrieved on 30 August 2017.
- ↑ "China Is Creating the World's Largest Power Company", Bloomberg News (28 August 2017). Retrieved on 29 August 2017.
- ↑ 3.0 3.1 3.2 3.3 "China’s Newly-Established National Energy Investment Group Sets World Records in Its Sector, With Assets of Over CNY1.8 Trillion," Yicai Global, 11-28-2017
Related SourceWatch Articles
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