China Huaneng Group

China Huaneng Group Corporation, as known as CHNG or Huaneng Group, is one of the five largest state-owned electric utility enterprises in China, administrated by the State Council of the People\'s Republic of China. It engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity power. In 2012, the company was ranked the 246th on the Fortune 500 list.

Operations

The company oversees the national government\'s interests in 10 subsidiaries, including a 51% stake in Huaneng Power International. Through subsidiaries it develops and operates more than 130 thermal, wind power and hydropower plants. In addition to its power-generation business, the company enters other sectors, including energy-related mining, financing, transportation, information technology, and renewable energy researches. The company\'s investment division ranks the 15th in China by revenue and the 21st by asset size. The company owns the Changjiang Nuclear Power Plant in partnership with China National Nuclear Corporation, as well as the Beijing Huaneng Thermal Power Station. The latter, however, is to be closed by 2016 as part of Beijing\'s plan to eradicate pollution.