State Power Investment Corporation
| Company type | Limited liability company |
|---|---|
| Industry | Electric power |
| Predecessor | China Power Investment Corporation, State Nuclear Power Technology Corporation |
| Founded | 2015 |
| Headquarters | Beijing , China |
Area served | China, Brazil |
Key people | Wang Binghua (Chairman), Meng Zhenping (General Manager) |
| Products | Nuclear power, thermal power, hydroelectric power, wind power |
| Owner | State-owned Assets Supervision and Administration Commission (SASAC) |
| Parent | None |
State Power Investment Corporation Limited (SPIC) ranks among the top five electricity producers in China. Established in 2015, it resulted from the consolidation of China Power Investment Corporation and the State Nuclear Power Technology Corporation (SNPTC).
SPIC serves as the holding company for several publicly traded firms, including China Power International Development (China Power), Shanghai Electric Power, and Yuanda Environmental Protection.
History
The year 2015 marked the merger of China Power Investment Corporation (CPI Group) and SNPTC, both entities previously majority-controlled by the State-owned Assets Supervision and Administration Commission (SASAC). CPI Group retained its legal identity but adopted the new name State Power Investment Corporation, while SNPTC became a subsidiary under this umbrella. In 2017, SPIC transitioned from an Industrial Enterprise Owned by the Whole People into a limited liability company.
Li Xiaolin, an influential leader within CPI Group and former chairperson of multiple listed subsidiaries, departed SPIC in 2015 to assume leadership at another state-owned enterprise, China Datang Corporation. Leadership shifts also included Wang Binghua, previously chairman of SNPTC, who was appointed as SPIC’s inaugural chairman. Meanwhile, Meng Zhenping advanced to the role of general manager. The management team was composed equally of executives from the former CPI Group and SNPTC.
Following the merger, SPIC acquired licenses to both construct and operate nuclear power facilities, thereby enhancing its existing portfolio that includes thermal, hydroelectric, and wind power generation.
On 28 December 2017, SPIC recapitalized its subsidiary China Power Development by issuing non-voting convertible preferred shares to Seth Holdings. This transaction allowed CNIC Corporation—parent company of Seth Holdings and a state-owned investment entity—to secure substantial influence over China Power International Development through conversion privileges.
Subsidiaries
| Name | Abbreviation | Chinese Name | Ownership Percentage | Jurisdiction |
|---|---|---|---|---|
| State Nuclear Power Technology Corporation | SNPTC | Template:Zh | 76% | Mainland China |
| China Power International Holding | CPI Holding | Template:Zh | 100% | Hong Kong |
| China Power Development | CPDL | Template:Zh (unofficial name) | 100% ordinary shares | British Virgin Islands |
| China Power International Development | China Power | Template:Zh | 55.61% | Hong Kong |
| Shanghai Electric Power | SEP | Template:Zh | 49.41% direct; additional 15.08% held via China Power | Mainland China |
| SPIC Yuanda Environmental Protection | SPICYD | Template:Zh | 43.74% | Mainland China |
| Huanghe Hydropower Development | Template:Zh | Mainland China | ||
| China Power Investment Nuclear Power | Template:Zh | Mainland China | ||
| Shandong Nuclear Power | Template:Zh | Mainland China; responsible for operation and construction of Haiyang Nuclear Power Plant | ||
| Asset Management Company | AMC | Chinese: 资产管理公司 | Mainland China |
Equity holdings
- China Power Clean Energy Development (holds a 28.07% indirect share, making it the principal shareholder)
- Companhia de Electricidade de Macau (owns 6% through CPI Holding)
Global operations
State Power Investment Corporation is engaged in the development, construction, and management of hydropower plants located in Brazil.