China Guodian Corporation
| Company type | State-owned enterprise |
|---|---|
| Industry | Electric power generation |
| Founded | 2002 |
| Headquarters | Beijing , China |
Area served | Northern, Northeastern, Central, and Eastern China; Myanmar |
| Products | Power plants and electricity production facilities |
| Owner | SASAC (State-owned Assets Supervision and Administration Commission) |
China Guodian Corporation (Guodian; ) ranks among the top five power generation enterprises in China and operates under the supervision of SASAC, which reports to the State Council. The corporation's core activities encompass the development, investment, construction, operation, and management of power plants and electricity production facilities throughout Northern, Northeastern, Central, and Eastern China. Its operational footprint includes provinces and regions such as Sichuan, Chongqing, Shandong, Yunnan, Guizhou, Guangxi, Xinjiang, as well as extending into Myanmar. The total installed generation capacity surpasses 100,000 MWe.
On August 28, 2017, SASAC declared a significant reorganization involving the consolidation of China Guodian Corporation with Shenhua Group. This merger resulted in the formation of China Energy Investment Corporation, with Shenhua designated as the surviving entity.
In alignment with China's clean energy policies, Guodian actively participates in renewable energy investments.
Publicly traded subsidiaries
- Guodian Power Development Company Limited (SSE: 600795), listed on the Shanghai Stock Exchange, serves as the Group’s principal thermal power arm.
- China Longyuan Power (SEHK 00916) manages the Group's wind energy assets.
- Guodian Changyuan Electric Power (SZSE: 000966)
- Inner Mongolia Pingzhuang Energy (SZSE: 000780)
- Ningxia Younglight Chemicals (SZSE: 000635)
- Guodian Technology & Environment Group (SEHK: 01296)
Non-listed subsidiaries
Guodian United Power specializes in wind turbine design and manufacturing, focusing mainly on onshore turbines rated at 1500 kW, developed in partnership with German company aerodyn Energiesysteme GmbH. The firm is currently advancing new turbine models including 2MW, 3MW, and a 6MW offshore variant. It holds a leading position among wind turbine producers based on annual market share.
Old Mutual – Guodian operates within the insurance industry.
Insurance sector
China Guodian Corporation is expanding its portfolio by entering property insurance through a newly established Beijing-based company. The objective is to evolve into a fully integrated energy conglomerate. China Guodian will maintain majority ownership, with planned registered capital around one billion yuan (approximately $146 million).
In early 2008, the corporation made an investment in a life insurance firm and subsequently acquired a 19.6% equity interest in a commercial bank located in Shijiazhuang city, becoming its largest shareholder.
Similar to other state-owned energy enterprises such as State Grid Corp, China Guodian has broadened its scope into financial services by founding insurance companies and investing in securities and futures brokerage firms.
Equity holdings
- UBS Securities (14%)