China Power International Development Co., Ltd. is a Hong Kong–listed power generation company primarily engaged in the development, investment, construction and operation of power plants across mainland China. A subsidiary of the State Power Investment Corporation (SPIC), one of China’s five major state-owned power generation groups, the company produces electricity and heat for a broad range of industrial and residential customers. Its American depositary shares trade over the counter in the United States under the symbol CPWIF.
The company’s power generation portfolio comprises coal-fired, gas-fired, hydropower and wind power facilities. Key coal-fired plants are located in provinces such as Hebei, Inner Mongolia and Shanxi, while hydropower assets can be found in hydrologically rich regions including Hubei and Guizhou. In recent years, China Power International Development has increased its investment in onshore wind farms, supporting China’s national targets for clean energy expansion and carbon emission reduction.
Established in 1994 and listed on the Hong Kong Stock Exchange in 2004, the company has grown through a combination of greenfield developments and strategic acquisitions. It supplies electricity to utilities, industrial users and local distribution networks under long-term power purchase agreements across China’s eastern, central and northern regions. Its integrated business model spans project development, financing, construction management and ongoing plant operations, leveraging SPIC’s technical expertise and financial backing.
As part of SPIC, China Power International Development benefits from a robust corporate governance framework and strategic support in areas such as fuel procurement, grid connections and project financing. The company remains focused on enhancing the efficiency of its existing assets, pursuing capacity growth and expanding its renewable energy portfolio to align with the transition toward a low-carbon power system.
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