About SPIC

State Power Investment Corporation (SPIC) was established in May 2015 through the merger of China power Investment Corporation and State Nuclear Power Technology Corporation. Oriented by incorporating a state-owned capital investment company, SPIC is striving to become a pioneer in SOE transformation through building a new group with high standards and a high starting point.

 

SPIC is one of China's top five power generators, and an integrated energy group with power as its core. It has a total installed capacity of 117 GW, including 71.457GW of thermal power, 21.6GW of hydropower, 4.4752 GW of nuclear power, 7.1184 GW of solar power and 11.9822 GW of wind power, with clean energy accounting for 42.9% of the total, demonstrating a distinctive clean development feature. It supplies 380.79 TWh of power and 144 million GJ of heat per annum. It also owns a coal production capacity of 80.4 million tons per year (t/y), aluminum smelting capacity of 2.49 million t/y and railway transportation line of 331 km.

 

Being one of China's three nuclear power developers and operators, SPIC owns a number of nuclear power plants (NPPs) under construction or operation, such as Hongyanhe NPP in Liaoning Province, and Haiyang and Rongcheng NPPs in Shandong Province. It has also reserved several project sites in both inland and coastal areas of China. SPIC is the main entity, carrier and platform for the self-reliant innovation of the Gen III nuclear power technology, and the leading entity for the major R&D project of large-scale advanced pressurized water reactor (PWR). Enjoying full industry chain and strong technological capabilities in the R&D, design, construction, operation and management of NPPs as well as manufacturing of nuclear power equipment and materials, it pursues a noble cause of self-reliant innovation, industrialization and internationalization of China's Gen III nuclear power.

 

SPIC has been a Fortune Global 500 company for five consecutive years, ranking 342rd in 2016. It has a registered capital of RMB 45 billion (USD 6.93 billion), total assets of RMB 886.1billion (USD 119.36 billion), annual revenue of RMB 189.87 billion (USD 29.24 billion) and employees of 140,000. It holds seven listed companies, two of which are red chip companies traded in Hong Kong while the other offer A-shares in mainland China.

 

SPIC is committed to global businesses. It has presence in 36 countries (regions) such as Japan, Australia, Malta, India, Turkey, Pakistan, Brazil and Myanmar, with businesses covering power project investment, technical cooperation, EPC, etc. SPIC has 1262 MW of controllable projects under operation and 10,020.5 MW under construction.

Looking forward, as China's economy steps into the "new normal", SPIC is committed to implementing the central government's strategic plan on deepening the reform of SOEs and restructuring nuclear energy enterprises. It takes advanced energy technology innovation in nuclear power and others as the drive, clean energy development as the core and state-owned capital investment as the course to expand its energy market at home and abroad, aiming at building the company into an innovative, international, integrated energy group and modern SOE.