China Yangtze Power

China Yangtze Power Co., Ltd., commonly known as Yangtze Power, is a Chinese electricity utility headquartered in Beijing. Its principal business is the generation and sale of electricity from large-scale hydropower stations, especially projects located along the Yangtze River system. The company is controlled by China Three Gorges Corporation, a state-owned enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. The company was established on 4 November 2002 and was listed on the Shanghai Stock Exchange on 18 November 2003. Its formation brought together several Chinese enterprises and institutions associated with power generation, infrastructure construction, engineering, nuclear energy, petroleum and hydropower planning. The originating participants identified in reference material include Huaneng Power International, China National Nuclear Corporation, China National Petroleum Corporation, Gezhouba Water Resources and Hydropower Engineering Group, and the Changjiang Institute of Survey, Planning, Design and Research. Yangtze Power’s operating portfolio is centered on some of China’s largest hydropower facilities. The company operates the Three Gorges hydroelectric plant, whose above-ground generating complex became fully operational in 2010. The plant has 26 generating units rated at 700 MW each, giving the above-ground facility an installed capacity of approximately 18.2 GW. Generating units were transferred to the company progressively as they were constructed, with China Three Gorges Corporation remaining the majority owner of the broader project during the development period described in the reference material. The company also operates or has operated major hydropower facilities elsewhere in the Yangtze basin, including the Xiluodu, Xiangjiaba and Gezhouba projects. The reference material gives installed capacities of 13,860 MW for Xiluodu, 6,448 MW for Xiangjiaba and 2,715 MW for Gezhouba. It also identifies Baihetan and Wudongde as major projects under construction at the time of that material. These projects expanded the strategic importance of the company beyond the Three Gorges complex and connected its business to the coordinated development of the Yangtze River’s major cascade hydropower stations. Electricity generated by the company is marketed and delivered primarily through China State Grid Corporation. The stated customer regions include Central China—Hubei, Hunan, Henan, Jiangxi and Chongqing—along with East China—Shanghai, Jiangsu, Zhejiang and Anhui—and Guangdong Province. This distribution profile reflects the role of large hydropower in supplying electricity from central and western generating regions to economically dense demand centers. Yangtze Power is therefore best understood as a generation-focused utility rather than a consumer-facing electricity brand. Its public identity is associated with state-linked infrastructure, large dam operations, renewable electricity generation and the commercialization of major national hydropower assets. It is also identified in the reference material as a component of the SSE 180 Index. The available material does not provide a complete account of its current generating portfolio, management team, financial performance, retail activities or international operations, so those areas are left unexpanded here.

China Yangtze Power emerged from the institutional and industrial environment surrounding China’s large hydropower build-out on the Yangtze River. It was founded on 4 November 2002 through cooperation among a group of Chinese enterprises and technical institutions connected with electricity, engineering, energy and river-basin planning. The founding participants included Huaneng Power International, China National Nuclear Corporation, China National Petroleum Corporation, Gezhouba Water Resources and Hydropower Engineering Group, and the Changjiang Institute of Survey, Planning, Design and Research. This combination linked the company to both the commercial power sector and the engineering and planning capabilities required for major dam projects. The company entered the public capital markets when it was listed on the Shanghai Stock Exchange on 18 November 2003. Its controlling relationship with China Three Gorges Corporation placed it within the state-owned enterprise structure overseeing the development and operation of the Three Gorges project and related assets. The listing created a publicly traded vehicle for operating and holding major hydropower generation assets while retaining strategic control through the Three Gorges corporate group. The Three Gorges hydroelectric plant became the central asset associated with Yangtze Power. The above-ground generating station reached full operation in 2010 and was described as having 26 units of 700 MW each, or approximately 18.2 GW of installed capacity. The generating units were transferred progressively from China Three Gorges Corporation as construction proceeded. The transfer model connected Yangtze Power’s corporate development with the staged completion and capitalization of one of the world’s largest hydropower complexes. Yangtze Power’s role subsequently extended across a wider cascade of Yangtze basin projects. The company operated the Gezhouba, Xiluodu and Xiangjiaba hydropower stations, with capacities cited in the reference material of 2,715 MW, 13,860 MW and 6,448 MW respectively. Baihetan and Wudongde were also identified as major projects under construction in the source material, showing the company’s connection to the continuing expansion of the basin’s hydropower system. These assets gave the company a portfolio broader than a single flagship dam and positioned it as an operator of interconnected large-generation infrastructure. The company sells the electricity it produces through China State Grid Corporation, serving demand centers in Central China, East China and Guangdong. The listed Central China markets are Hubei, Hunan, Henan, Jiangxi and Chongqing; the listed East China markets are Shanghai, Jiangsu, Zhejiang and Anhui. This commercial structure reflects China’s integrated grid system, in which major generators generally market power through regional and national grid arrangements rather than through a conventional household retail brand. The available reference material identifies Yangtze Power as a component of the SSE 180 Index and as one of China’s major listed hydropower companies. It does not provide enough information to document later management changes, detailed financial results, current ownership percentages, subsequent project transfers or the company’s complete present-day portfolio. Those matters should be supplemented with current company filings or exchange disclosures before being added to a definitive corporate history.

1. 2010Three Gorges above-ground plant reaches full operation

   The above-ground generating complex of the Three Gorges hydroelectric plant became fully operational, with 26 units rated at 700 MW each and stated installed capacity of about 18.2 GW.

   Source
2. 2003Shanghai Stock Exchange listing

   The company was listed on the Shanghai Stock Exchange on 18 November 2003 under ticker 600900.

   Source
3. 2002Company founded

   China Yangtze Power was established on 4 November 2002 through cooperation among Chinese power, energy, engineering and hydropower-planning organizations.

   Source

A state-linked Chinese hydropower champion and large-scale electricity generator serving national and regional power markets.

• Three Gorges hydroelectric plantHydroelectric power generation2010

  The Three Gorges generating complex is Yangtze Power’s flagship associated asset. The above-ground plant became fully operational in 2010 and comprises 26 generating units rated at 700 MW each, for a stated installed capacity of approximately 18.2 GW. Units were transferred progressively from China Three Gorges Corporation as construction was completed. Electricity from the project is supplied into China’s grid system and marketed to multiple central, eastern and southern demand regions.

• Xiluodu hydropower stationHydroelectric power generation

  Xiluodu is a major Yangtze basin hydropower station operated by Yangtze Power according to the reference material. Its cited installed capacity is 13,860 MW, making it one of the largest generating assets in the company’s portfolio. The station forms part of the cascade of large dams developed to generate electricity from the river system and deliver it through China’s integrated grid.

• Xiangjiaba hydropower stationHydroelectric power generation

  Xiangjiaba is another large hydropower facility associated with Yangtze Power’s operating portfolio. The reference material gives it an installed capacity of 6,448 MW. Its output contributes to the company’s role as a large-scale generator supplying electricity from the Yangtze basin to regional power markets.

• Gezhouba hydropower stationHydroelectric power generation

  Gezhouba is a major Yangtze River hydropower facility operated by the company. The source material cites installed capacity of 2,715 MW. The project represents an earlier and strategically important part of the river’s hydropower cascade and is marketed through the Chinese grid system.

• Baihetan hydropower projectHydropower development project

  Baihetan was identified in the reference material as a major hydropower project under construction, with stated planned capacity of 16,000 MW. The available material connects the project to the wider expansion of the Yangtze basin generation cascade but does not establish the exact date of commercial operation or the final ownership and operating arrangements.

• Wudongde hydropower projectHydropower development project

  Wudongde was identified as a major project under construction in the source material, with stated planned capacity of 10,200 MW. It was part of the broader Yangtze basin hydropower expansion associated with China Three Gorges Corporation and Yangtze Power, although the supplied material does not document its later operating status.

• 2010Expansion of the Three Gorges generating portfolioGeneration change

  The Three Gorges above-ground generating plant reached full operation after a staged construction and transfer process.

  What changed. Generating units were progressively transferred from China Three Gorges Corporation to Yangtze Power as they were built, resulting in a 26-unit, approximately 18.2 GW above-ground complex.

  Aftermath. The Three Gorges plant became the company’s defining flagship generation asset and reinforced its position as a major Chinese hydropower operator.

  Source
• 2003Public listing to support hydropower asset operationsStrategy

  After its formation in 2002, the company entered China’s public equity market while remaining controlled by China Three Gorges Corporation.

  What changed. China Yangtze Power was listed on the Shanghai Stock Exchange on 18 November 2003.

  Aftermath. The listing established Yangtze Power as a publicly traded vehicle for large-scale hydropower generation assets.

  Source

1. China Yangtze Power
2. China Yangtze Power official website