Established in 2001, Zhejiang Provincial Energy Group is one of the biggest state-owned enterprise in Zhejiang, and also the most competitive state energy enterprise with the largest installed capacity. By the end of 2016, its total assets reached RMB 180.8 billion Yuan(about 26.2 billion USD), and net asset reached RMB 100.2 billion Yuan(about 14.52 billion USD). Its 2016 annual operating income reached RMB 70 billion Yuan(about 10.15 billion USD) with RMB 11.6 billion Yuan(about 1.68 billion USD). Headquartered in Hangzhou, Zhejiang Energy Group holds and manages 185 enterprises, including Zhejiang Zheneng Electric Power Co.,Ltd and Ningbo Marine Co.,Ltd A-share listed companies. The Group has over 25000 employees in registration.
Zhejiang Energy Group promotes the "Big Energy" strategy and the "Four Direction" (Further Solidity the Foundation of Energy Industry, To Thrive Based on Science and Technology, Accumulate Wealth through Financial Measure, Expand Business Overseas) concept actively. A "5+2" business structure has been eventually formed, which is "Five Major Energy Businesses"(Electric Power, Natural Gas & Oil, Coal Circulation, Renewable Energy, Energy & Chemical) plus "Two Supporting Industries"(Energy Service, Finance & Real estate), coordinating the development of upstream and downstream industry chain. The Group industries rooted in Zhejiang and expanded to other high-primary energy provinces such as Anhui, Shanxi, Inner Mongolia, Ningxia, Xinjiang, and so forth, exploring industries abroad actively.
In the field of power generation, the Group controls and manages installed capacity over 30000MW, mainly coal-fired and gas-fired generations. The Group also invests the shares of nuclear power. As flagship enterprise, Zhejiang Zheneng Electric Power Co.,Ltd being A-share listed company, has also developed business including offering thermal products, electricity generated by solar energy, services of electricity selling and energy of Internet projects.
In the field of coal and transportation, the annual coal purchasing capacity reaches 50 million tons. The Group has invested many coal mines' projects such as Anhui Huainan Coal Mine, Shanxi Datong Coal Mine, Mongolia Selian Coal Mine, and so on. The Group owns two shipping companies, including A-share listed company Ningbo Marine Co.,Ltd, with total shipping tonnage over 1.5 million tons.
In the field of natural gas, the Group has invested and been operating Zhejiang provincial natural gas pipelines and partial urban gas pipelines, including 1000 km pipelines in operation and 1250 km pipelines under construction. It provides 7000 million cubic meters natural gas for gas power stations and urban gas companies annually. Those urban gas companies belonged to the Group own urban natural gas pipelines over 20 cities and provide natural gas for over 200 thousand industrial and residential users.
In the field renewable energy, the Group owns more than 10 hydroelectric generation plants in small, medium and large, with total installed capacity over 1000MW. The Group holds many renewable energy projects such as biomass power, wind power and solar power, with the capacity of solar generations over 1000MW, expanding offshore wind power, solar-thermal power projects in large scale.
In the field of energy & chemical, the Group has built and hold the largest coal gasification project with annual output of 2 billion cubic meters in Xinjiang Ili.
In the field of energy services, the Group owns gas and water treatment technology companies, energy-saving technology company and environmental company. It also owns an IT company which proceeding the application of information technology in energy industry actively. It owns an institute of technology research, which following and researching new energy technologies actively.
In the field of finance, the Group has Zheneng Capital Holding Co.,Ltd, finance company, financial leasing company, venture capital company, carbon asset management company, and so forth. The Group has set up a green energy investment fund with total scale of RMB 50 billion Yuan(about 7.25 billion USD), seeking technology and industry investment opportunities related to new energy actively, marching to be a comprehensive clean-energy company.
