- Business
- Huadian Power International Corporation Limited (HPIFY) is a China-based company principally engaged in the construction, operation, and management of power plants for the generation and sale of electricity, heat, and coal. The company operates large-scale coal-fired, gas-fired, and hydropower generating units; wind power projects; solar power facilities; and other renewable energy developments. It serves industrial, commercial, and residential customers primarily in China, with a significant presence as the largest power producer in Shandong Province and operations across multiple regions nationwide. Founded in 1994 and headquartered in Beijing, the company functions as the Hong Kong-listed subsidiary of China Huadian Corporation, one of China's five largest state-owned power producers. In recent developments, Huadian Power International agreed in August 2024 to acquire China Huadian Group Guigang Power Co., Ltd. for CNY 1.8 billion in cash, a transaction approved by its board in November 2024, state regulators in March 2025, and the Shanghai Stock Exchange committee in late March 2025, pending final China Securities Regulatory Commission approval as of May 2025; additionally, its parent China Huadian Group entered a strategic partnership with Siemens Energy in March 2024 focused on low-carbon solutions including offshore wind transmission, green hydrogen, and advanced power generation technologies.