China Power International Development
| Company type | Public |
|---|---|
| Industry | Electric power |
| Predecessor | China Power International Holding Limited |
| Founded | October 15, 2004 in Hong Kong |
| Headquarters | Hong Kong , Hong Kong |
Area served | China |
| Parent | State Power Investment Corporation (SPIC) |
China Power International Development Limited (abbreviated as CPID), commonly referred to as China Power, is an electric power enterprise based in Hong Kong, established in 2004. Its former ultimate parent company, the state-owned China Power Investment Corporation (CPI Group), was integrated into State Power Investment Corporation (SPIC), which currently serves as CPID's parent organization.
CPID is one of the Hong Kong-listed subsidiaries representing China's five principal national power generation groups. Comparable entities include subsidiaries affiliated with Huadian Group, Huaneng Group, and Datang Group, all of which incorporate "International" in their corporate titles. Classified as a red chip entity on the Stock Exchange of Hong Kong, CPID reflects its Chinese government affiliation combined with foreign incorporation. The fifth major group, Guodian Group, lists its subsidiary on the Shanghai Stock Exchange.
By May 2018, CPID's market value was recorded at HK$21.379 billion.
History
Founded in Hong Kong in 2004, CPID traces its origins to China Power International Holding Limited, established in 1994 as its direct predecessor and parent. Operating under the governance of SPIC—one of China's five prominent state-owned power conglomerates supervised by the State-owned Assets Supervision and Administration Commission—CPID specializes in the development, construction, ownership, management, and operation of large-scale power plants throughout China.
The company made its debut on the Stock Exchange of Hong Kong on 15 October 2004. Among the major Mainland electric power producers, CPID was unique as the sole red chip listed entity; its counterparts were either listed as H shares or traded exclusively on Mainland stock exchanges.
In 2009, CPID expanded its hydroelectric portfolio by acquiring a controlling 63% interest in Wu Ling Power. This acquisition raised hydro capacity to 18.73% of the company's total installed capacity—the highest proportion among Chinese independent power producers—thereby decreasing dependence on coal and improving its environmental sustainability credentials.