China Power International Development
A Hong Kong-listed Chinese power-generation company controlled by State Power Investment Corporation.
Last updated August 31, 2026
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Overview
China Power International Development Limited, commonly known as China Power, is a Chinese electric-power company incorporated in Hong Kong in 2004 and listed on the Stock Exchange of Hong Kong. The company develops, constructs, owns, manages and operates large power-generation facilities, principally in Mainland China. Its activities place it within the state-linked Chinese power-generation sector rather than the electricity-retailing or equipment-manufacturing industries. The company developed from China Power International Holding Limited, a Hong Kong-incorporated predecessor and direct parent established in 1994. China Power International Development was created as the listed operating vehicle for the group’s power-generation activities and joined the Hong Kong market on 15 October 2004. Because it is incorporated in Hong Kong but has a Chinese government-controlled ultimate parent, it is commonly classified as a red-chip company on the Hong Kong exchange. China Power was originally associated with China Power Investment Corporation, one of the large national power-generation groups administered through China’s state-asset supervision system. China Power Investment Corporation was later merged with another state-owned enterprise to form State Power Investment Corporation, which became China Power International Development’s new ultimate parent. The company is therefore part of a large state-owned power group while retaining a separate Hong Kong-listed corporate identity. Its operating portfolio has included thermal and hydroelectric generation. A significant strategic development came in 2009, when China Power acquired a 63 percent equity interest in Wu Ling Power. The transaction increased the role of hydropower in the company’s installed-capacity mix: the referenced account reports that hydroelectric capacity represented 18.73 percent of total installed capacity afterward, the highest proportion among the Chinese independent power producers discussed in that source. Hydropower also gave the group exposure to a generation technology with a different cost structure from coal-fired generation. China Power’s business is consequently shaped by the economics and regulation of China’s electricity system, including fuel costs, generation dispatch, capacity development, state-owned-enterprise policy and the gradual adjustment of the national energy mix. The company’s principal offering is generated electricity, with heat identified as another typical output of its operations. It should not be confused with China Power Investment Corporation or State Power Investment Corporation, which are parent-level state-owned power groups rather than the Hong Kong-listed company itself. China Power remains an active listed power-generation enterprise under State Power Investment Corporation. Publicly available reference material identifies its core role and major structural milestones, but does not provide enough information here to state a current generation-capacity total, detailed geographic asset list, current executive roster, revenue figures or an official corporate website URL without risking unsupported claims.
History
China Power International Development was incorporated in Hong Kong in 2004. Its corporate lineage reaches back to China Power International Holding Limited, a Hong Kong-incorporated company founded in 1994 that served as its predecessor and direct parent. The listed company was established to develop, construct, own, manage and operate large power-generation facilities, primarily in China. China Power International Development became a public company on 15 October 2004, when its shares were listed on the Stock Exchange of Hong Kong. Its Hong Kong incorporation and Chinese state ownership gave it the characteristics of a red-chip issuer: a company incorporated outside Mainland China but controlled by a Chinese government-related enterprise. In the context of China’s national power industry, it was one of the Hong Kong-listed subsidiaries associated with the major mainland power-generation groups. The company was initially ultimately controlled by China Power Investment Corporation, a large state-owned power group. China Power Investment Corporation was subsequently merged with another state-owned enterprise. The resulting organization, State Power Investment Corporation, became China Power International Development’s parent at the ultimate-control level. This restructuring connected the listed company to the successor of one of China’s principal national power groups while preserving China Power International Development as a distinct Hong Kong-listed entity. A notable portfolio event occurred in 2009, when China Power acquired a 63 percent equity interest in Wu Ling Power. The acquisition strengthened the company’s hydroelectric presence. The available reference describes hydroelectric power as accounting for 18.73 percent of China Power’s total installed capacity after the transaction, and characterizes that share as the highest among the Chinese independent power producers considered in the source. The move also diversified the company away from a heavier reliance on coal-fired generation and provided exposure to a generation source less directly affected by coal-price movements. China Power’s operating model has centered on ownership and operation of power plants rather than consumer-facing electricity branding. Its business scope includes electricity generation and, in relevant facilities, heat production. The company’s development is therefore tied to China’s electricity demand, state planning, power-market rules, environmental policy, fuel economics and the changing balance between thermal, hydroelectric and other forms of generation. The company is distinct from both China Power Investment Corporation and State Power Investment Corporation. The former was its historical ultimate parent, while the latter became the successor parent after the state-owned-enterprise merger. China Power International Development is the Hong Kong-listed operating and investment company within that broader group structure. The supplied sources establish its incorporation, listing, ownership transition and Wu Ling Power transaction, but do not establish a complete current asset portfolio, executive list, current financial profile or official website address.
- 2009
Wu Ling Power acquisition
[1]China Power acquired a 63 percent equity interest in Wu Ling Power, increasing the relative importance of hydroelectric generation in its installed-capacity portfolio.
- 2004
China Power International Development incorporated
[1]China Power International Development Limited was incorporated in Hong Kong to conduct power-generation development, ownership, management and operation activities.
- 2004
Hong Kong listing
[1]The company listed on the Stock Exchange of Hong Kong on 15 October 2004, becoming a Hong Kong-listed red-chip power company.
- 1994
Predecessor established
[1]China Power International Holding Limited, the predecessor and direct parent associated with China Power International Development, was founded as a Hong Kong-incorporated company.
Transition to State Power Investment Corporation control
[1]After China Power Investment Corporation merged with another state-owned enterprise to form State Power Investment Corporation, the successor group became China Power International Development’s parent.
Products and positioning
A state-owned-enterprise-linked electricity generator with a Hong Kong-listed red-chip structure and a portfolio spanning thermal and hydropower assets.
Power generation
Electricity generation
Electricity generation is China Power International Development’s core business. The company develops, constructs, owns, manages and operates large power plants, with the available reference identifying both thermal and hydroelectric generation within its portfolio. Electricity is sold through the regulated and market-based structures applicable to China’s power sector rather than as a conventional consumer packaged product.
Renewable and non-thermal generation · 2009
Hydroelectric power
Hydroelectric generation became a more significant part of the company’s portfolio after its 2009 acquisition of a 63 percent interest in Wu Ling Power. The referenced account reports that hydroelectric capacity represented 18.73 percent of total installed capacity and highlighted the technology’s lower exposure to coal-price costs compared with coal-fired generation.
Thermal electricity generation
Thermal power
Thermal power is part of China Power’s electricity-generation activities. The company’s thermal assets operate within China’s regulated and evolving electricity system, where profitability and utilization can be affected by fuel costs, dispatch arrangements, environmental requirements and broader energy-policy changes.
Utility output
Heat
Heat is identified as a typical output of the company’s power-generation business. The supplied material does not specify the locations, volumes or individual facilities associated with heat production.
Brand decisions
2009
Acquisition of Wu Ling Power interestM&ABackground
China Power sought to increase the role of hydropower in its generation portfolio and reduce relative exposure to coal-generation costs.
Action taken
The company acquired a 63 percent equity interest in Wu Ling Power.
Aftermath
The transaction raised hydroelectric power to 18.73 percent of total installed capacity according to the referenced account, which described the proportion as the highest among the Chinese independent power producers under comparison.
- Integration into State Power Investment Corporation groupStrategy
Background
China Power Investment Corporation, the company’s former ultimate parent, was merged with another state-owned enterprise.
Action taken
State Power Investment Corporation became the new parent organization of China Power International Development.
Aftermath
China Power continued as a separately listed Hong Kong company within the successor state-owned power group.
Recent events
Wuling Power agrees to acquire three Inner Mongolia energy project companies[2]
Reported:
China Power International Development said its 63%-owned subsidiary Wuling Power conditionally agreed to acquire all equity in three target companies and assume their shareholder loans from Mingyang New Energy for a combined consideration of RMB 1,490,283,000, subject to adjustment at closing.
Sources2 sources
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