Headquartered in Beijing, State Power Investment Corporation (SPIC) was established in May 2015. Formed by the reorganization of China Electric Power Investment Corporation and the State Nuclear Power Technology Co., Ltd., it is a state-owned backbone enterprise directly managed by the central government, which has a major responsibility to ensure national energy security. Its business scopes are covering electricity power, thermal power, hydropower, coal mining, aluminum production, logistics, finance, environmental protection, photovoltaic power generation, and other fields.
SPIC Group has invested 7000MW capacity of natural gas power generation so far. The annual usage of natural gas is 5-6 billion m3 (3.5-4.1 million ton LNG). Major natural gas power plants include Shanghai Electric Power (240MW), Guangdong (290MW), Henan (16.7MW) and Hubei (1.5MW).
SPIC is the most balanced power generation group among the five largest power generation groups, equipped with wind, light, fire, water and nuclear power generation technologies. In 2020, the proportion of clean energy reached 55%, which is far ahead of the peers. Among them, photovoltaic power generation ranks the first in the world and the third for wind power generation.
SPIC undertakes two national science and technology major projects: “Heavy Gas Turbine “ and “Large Advanced Nuclear Power Plant”. It has built the “Guohe No.1” brand of independent nuclear power technology in China. SPIC is also the central SOE that has earlier energy storage and hydrogen energy investment in China. SPIC independently developed the energy storage brand "Ronghe No. 1", and built energy storage demonstration power station in Zhangjiakou. Hydrogen energy brand “Qingteng” battery has also been brought into the industrialization stage by SPIC.
The concept of “Comprehensive Smart Energy” was first put forward by SPIC, and 24 smart energy scenarios were designed.
Mr. Qian Zhimin, chairman of SPIC group, said that the group would take the lead in “reaching the peak of carbon” in 2023 and make contributions to the clean and low-carbon emission of the global energy.
Ranking 316 of global Fortune 500 firms in 2020, SPIC is one of the five largest power generation groups in China with a registered capital of 45 billion RMB. By the end of 2019, the company's asset is 1.18 trillion RMB. The coal production capacity is 81.94 million tons and the aluminum production capacity is 2.48 million tons. The overseas assets are 71.2 billion RMB, covering 64 countries. SPIC is maintaining Class A credits rating by three major international rating agencies. The group has 130,000 employees and 60 tier-2 subsidiary firms.
There are 7 public listed firms under SPIC group: China Power 02380HK China Power New Energy 0735HK, Shanghai Power 600021SH, China Power Yuan Da 600292SH, Ji Dian 000875SZ, Oriental Energy 000958sz, Lu Tian Coal 002128SZ
