China Huaneng Group Co Ltd - Company Profile
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Business Description
China Huaneng Group Co Ltd (CHNG) is a state-owned power enterprise. It invests, develops, constructs, operates and manages power sources. The company manages wholly owned power plants with total installed capacity of about 197.33 GW with assets distributed in China and overseas. It is involved in a diverse range of activities including the development, investment, construction, operation, and management of power generation assets; the production and sale of electricity and heat; and the development, investment, construction, production, and sale of finance-related products, coal, transportation, renewable energy, and environmental protection ventures. It also undertakes industrial investment, operation, and management. The company owns 51 subsidiary units, over 460 tertiary enterprises, and 5 publicly listed companies, with an annual coal production capacity of 85 million tons.
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R&D Overview
The company's research and development efforts focus on diagnosing energy-saving opportunities, optimizing operations, and providing technical supervision, thereby offering comprehensive technical support for plant safety. Additionally, it offers technical services in project optimization and equipment manufacturing supervision to ensure equipment quality. The company has enhanced innovation through institutional and mechanistic advancements, establishing a robust scientific research system. This system includes one base, two organizations, five national R&D centers, and several provincial and group-level experimental centers. It has also developed an R&D team of over 600 professionals, solidifying the company's leading position in China's energy technology sector.
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