China Power Investment Corporation
In 2002, the State Power Corporation of China was dismantled[4] as groups of companies of power grid (such as State Grid Corporation of China and China Southern Power Grid) and power plants (such as the big five power groups, China Huaneng Group, China Huadian, China Datang, China Guodian and China Power Investment). China Power International Holding became a subsidiary of newly formed China Power Investment Corporation instead. In the same year the former leader of the State Power Corporation of China, Gao Yan had fled China after being investigated for corruption.[5][6] The formal approval of the formation of China Power Investment Corporation was on 2 February 2003, at first it had 5 wholly owned first-tier subsidiaries.[7] The formation date on the legal person certificate was on 31 March 2003.[8]
The new group made one of its first acquisition in July 2003, acquiring a minority stake of Companhia de Electricidade de Macau (CEM) via CPI Group's subsidiary China Power International Holding (CPI Holding). CEM was the electricity producer as well as supplied the electricity to the end user in Macau S.A.R., China.[9]
Soon after the formation of China Power Investment Corporation as the new parent company, China Power International Holding formed China Power International Development on 24 March 2004 as another intermediate holding company of the group to list some assets to the Stock Exchange of Hong Kong on 15 October 2004.[10][11] It was reported that the group was the only one among the big five, had a license to run nuclear power plants in China, which the other licensee were state-owned nuclear power companies.
In 2005 China Power Investment Holding formed "China Hong Kong Power Development", a joint-venture company with Vertex Group and China Southern Power Grid for the preparation of electricity supply to Hong Kong.[12][13] However, it was never materialized.
In 2007, CPI Group was one of the founders of State Nuclear Power Technology Corporation. At first CPI Group owned 10% stake.
In 2010, it was reported that Resourcehouse, a private company owned by Australian businessman and politician Clive Palmer, had signed an agreement to supply coal to China Power Investment Holding for 20 years. However, China Power Investment Corporation and subsidiaries had denied.[14][15] Nevertheless, the "agreement" appeared in Resourcehouse's pre-IPO prospectus.[16]
China Power Investment Corporation was merged with the State Nuclear Power Technology Corporation to form the State Power Investment Corporation in 2015.[17]
China Power Investment Corporation is involved in the development of renewable energy projects.[18]
