State Power Investment Corporation Limited ( abbreviation SPIC) is one of the five major electricity generation companies in China. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Technology Corporation (SNPTC) in 2015.
SPIC is the parent company of listed companies China Power International Development (known as China Power), Shanghai Electric Power, Yuanda Environmental Protection, etc.
History
In 2015 China Power Investment Corporation (also known as CPI Group) and State Nuclear Power Technology Corporation ( abb. SNPTC) merged.[1] Before the deal, they were both directly owned by and majority controlled by the State-owned Assets Supervision and Administration Commission of the State Council respectively. China Power Investment Corporation was the surviving legal person, but renaming to State Power Investment Corporation, while State Nuclear Power Technology Corporation became a subsidiary.