China Resources Power Holdings Co. Ltd.
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Wang Bo
- Full Time Employees
- 21,858
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- China Resources Building Hong Kong Hong Kong
- IPO Date
- Nov 12, 2003
- Website
- cr-power.com
- Similar Companies
- Business
- China Resources Power Holdings Company Limited (CR Power) is an investment holding company principally engaged in the investment, development, operation, and management of power plants across China. The company operates a diversified portfolio encompassing thermal power including coal-fired and gas-fired plants; renewable energy sources such as wind farms (183 sites), photovoltaic power stations (123 sites), and hydroelectric power plants (28 sites); integrated energy services like distributed power supply, recharging and battery swapping, energy storage, and low-carbon energy-saving solutions; as well as complementary businesses in power sales, intelligent energy, and coal mining. It maintains a substantial installed capacity exceeding 80,000 MW as of mid-2024, with renewables comprising approximately 39% of attributable capacity, serving markets in all 31 provinces, autonomous regions, municipalities in mainland China, and the Hong Kong Special Administrative Region. Incorporated in Hong Kong in 2001 and headquartered there at China Resources Building, 26 Harbour Road, Wan Chai, CR Power functions as a subsidiary of China Resources Group, a diversified state-owned conglomerate. Its operations span key economic regions including eastern China (Guangdong, Jiangsu, Zhejiang, Shandong), central China (Henan, Hubei, Hunan, Anhui), northern China (Beijing, Hebei, Liaoning), and southern/southwestern areas (Yunnan), with thermal power historically dominant at around 70% of capacity alongside growing hydro and wind contributions. In recent developments, CR Power raised approximately HK$3.89 billion ($500 million) through a share placement in October 2024 to reduce debt and support corporate expansion, including issuing shares to its majority shareholder China Resources (Holdings). The company announced full-year 2024 results and convened its 2025 work conference, while advancing renewable projects such as the "Xinjiang power to Chongqing" initiative, multi-energy complementarity in Hebei, and a 500 MW fishery-light complementary PV station in Guangdong's Qingyuan with a RMB2.5 billion investment. It also signed a renewable energy development cooperation agreement with Emperor International Group, pioneered carbon capture utilization and storage (CCUS) applications, and implemented energy storage systems and building-integrated photovoltaics to align with China's dual-carbon goals and rural revitalization strategies.
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