Friday, June 29, 2012

Part 1: Who Has The Power? The Li Family


The five major players in China's electric power generation industry, and their listed subsidiaries are all state-owned enterprises directly administered by the State-owned Assets Supervision and Administration Commission. Their listed subsidiaries are substantially independent, hence counted as independent power producers, and are major power providers in their own right. Typically each of the big 5 has about 10% of national installed capacity, and their listed subsidiary an extra 4 or 5% on top of that. They are:
According to an old article (2007), three of these companies were in the top five power companies responsible for the most carbon dioxide emissions in the world. Updated information from the same source shows that China Huanneng Group now tops the list and China Huadian Group is third on the list. China Datang Corporation is now sixth on the list and Huadian Power International Corp. is now ninth on the list, followed by China Guodian Corporation at tenth. China Power Investment Corporation has fallen from fifth place to twelfth place and this story will be told below. The only American companies that are worse than China Power are Duke, AEP, and Southern Company.

Of the states and provinces in the world, the Great State of Texas is the only place worse than China's Provinces of Shandong, Jiangsu, Henan, Guangdong, and Shanxi. Put another way, Texas is the single biggest carbon producing province ("state") in the world and these Chinese provinces hold second through sixth place.

China Power International Development Limited

China Power International Development Limited (the "Company" or "China Power") was incorporated in Hong Kong with limited liability under the Companies Ordinance (Cap. 32 of the Laws of Hong Kong) on 24 March 2004 and is the flagship company of China Power Investment Corporation ("CPI Group"), one of the five largest power-generating groups in the People's Republic of China (the "PRC" or "China"). The power plants of CPI Group spread across 28 provinces, municipalities and autonomous regions in the PRC with a controllable installed capacity of approximately 70GW.

China Power's executive is Li Xiaolin, daughter of Li Peng (aka "the Butcher of Tian'anmen" and the man who initiated the construction of the Three Gorges Dam on December 14, 1994). She was the center of a controversy recounted in an earlier post of mine. She was also featured five years ago in a Forbes piece: Chen, Jean (January 3, 2008). "China's Power Queen". Forbes (Hong Kong)

Her brother--considered a "Princeling"--is the vice-governor of Shanxi Province and a graduate of Beijing's North China Electric Power University. He is the former chairman of Huanneng Power International, China’s largest independent power provider.

This is the structure of Xiaolin's CPI Group:

Much of this information is taken from Wikipeia and carma.org.