November 2002, with the first roundElectrical modificationIn the implementation of the factory network, the State Power Company was split and reorganized into 11 companies. 20 years later, with the development of professional integration of central enterprises, my countryPower central enterprisesWe are facing major changes.

1. Coal Group and State Power Investment Corporation integrate coal-fired power

On December 30, 2022, State Power Investment Corporation and China Coal Group jointly signed a strategic cooperation framework agreement and a professional integration agreement for coal-fired power projects, embarking on a reform path that is different from the merger and reorganization of central enterprises.

This professional integration is carried out through market-oriented methods, and the installed capacity of coal-fired power is expected to exceed 10 million kilowatts. Taking this signing as an opportunity, the two parties will further strengthen cooperation in areas such as clean energy development, new energy technology research and development, coal-coal-power joint venture, coal-power and renewable energy joint venture, coal-asset, coal-chemical asset management, capital operation cooperation, etc., to make new and greater contributions to serving and ensuring national energy security, promoting the green and low-carbon transformation and development of energy, and building a new energy system.

2. China Huaneng signed contracts with 22 projects of 13 central enterprises

On January 6, 2023, the signing ceremony for the cooperation between new energy smart operation and maintenance services of central enterprises of the State-owned Assets Supervision and Administration Commission of the State Council was held at China Huaneng Group Co., Ltd. China Huaneng signed contracts with 22 projects of 13 central enterprises including China Shipbuilding, China National Offshore Oil Corporation, Oriental Electric Group, China Aluminum Corporation, General Technology Group, China Construction, China Merchants Group, China Building Materials, China CRRC Group, China Communications Construction Group, Nanguang Group, China Electric Equipment, China Tower, etc.

The signing parties will carry out smart operation and maintenance service cooperation through various channels such as resource sharing, business collaboration, online services, and management improvement to promote the improvement of the quality and efficiency of the new energy industry of central enterprises.

The development of this cooperation marks the transformation of new energy integration in central enterprises from single coordination to overall promotion, new energy management from decentralized to lean, new energy operation from individual advancement to win-win cooperation, and new energy development from scale expansion to specialization and intensiveness.

3. State Grid and State Power Investment Corporation hand over the management rights of biomass power generation projects

On January 10, 2023, State Grid and State Power Investment handed over the management rights of biomass power generation projects, and State Grid officially transferred Guoneng Bio to State Power Investment.

Guoneng Bio is a leading biomass power generation enterprise in my country, with an installed capacity of 1.136 million kilowatts, a total asset of 15.86 billion yuan, and an annual utilization of 10 million tons of agricultural and forestry surpluses, benefiting more than one million people upstream and downstream of the industrial chain.

4. Professional integration of medical resources between China Power Construction and General Technology Group

On January 10, 2023, China Power Construction and General Technology Group's medical resources were professionally integrated.

This professional integration is another important achievement in promoting the deepening of reforms in medical institutions run by state-owned enterprises and optimizing the allocation of medical resources. It marks that the Power Construction Medical belonging to China Power Construction will be officially handed over to Guozhong Healthcare, a subsidiary of General Technology Group, for professional operation. After the reform is completed, General Technology Group will have 343 medical institutions, with about 48,000 beds managed, and the national network layout will be further improved.

5. Professional integration of water conservancy and power construction resources between Sanxia Group and China Communications Construction Group

On January 14, 2023, China Three Gorges Group and China Communications Construction Group's water conservancy and power construction resources were professionally integrated.

After negotiation, China Three Gorges Group transferred its affiliated China Water Conservancy and Electric Power Co., Ltd. (hereinafter referred to as China Water and Power Company) to China Communications Construction Group. China Hydropower Company is the earliest enterprise to "go global" in my country's hydropower industry. It has successfully built more than 800 water conservancy, hydropower and infrastructure engineering projects in more than 80 countries and regions.

The two enterprises' integration of water conservancy and power construction resources is a successful practice of professional integration of central enterprises. It is conducive to China Three Gorges Group and China Communications Construction Group each highlight their main business and strengthen their professionalism, and to effectively improve resource allocation efficiency and development quality and efficiency; it is conducive to strengthening core competitive advantages and jointly strengthening the clean energy industry chain and value chain; it is conducive to enhancing international competitiveness and accelerating the construction of world-class enterprises.

The SASAC's ideas on the integration and management of central enterprises are becoming clearer and clearer: focus on the core of the main business and merge similar types, and merge what should be combined and what should be increased. It is expected that in 2023, central energy and power enterprises will usher in more professional integration.