| Shenneng Electric Power Company |
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| 2007-04-25 09:48 shenergy.com |
In 1992, Shenneng Electric Power Company was converted into Shenergy Company Ltd. and listed .In the past more than seven years, with active development and steady operation, the company exerted its efforts into the main business of electric power and energy construction. By the method of capital employment, the company has breaded high quality assets actively,created new financial activities, enlarged the size of the company, and increased the return ratio to our shareholders. The company has also made several No.1 in China securities market:The first listing company in the industry of electric power and energy; One of the SSE 30s, which was selected at the beginning and has been withhold up till now; The first listing company which was approved for high ratio of rights issue; The largest assets transfer case with the amount of RMB 3.5 billion; The first company which made stock repurchase and written-off.
At the end of 1999, the total equity is 1.633 billion RMB with 1.113 billion representing state-sector shares accounting for 68.16%, 269 million held by legal persons accounting for 16.47%, and 251 million owned by individuals accounting 15.37%.
After its establishment, the Company has exerted all its efforts into Shanghai electric power construction. It invests and manages Shanghai electric power and energy projects with the aim to alleviate the city's chronic power shortage. At the time of the establishment of shenneng Electric Power Development Company, the total installed capacity of Shanghai was only more than 3,000MW,while at the end of the year of 1999,the installed capacity of Shanghai area was 8748MW,which is equal to 2.9 times of all installed capacity made from the year 1882 to 1986. In the past 13 years, the installed capacity of Shanghai area has increased by 5748MW, and Shenergy's share is 2230MW,which is about 25.5% of the total installed capacity in Shanghai or about 38.8% of new installed capacity.
The power plants and energy project in commercial operation with Shenergy interests include: Waigaoqiao electric power generating company Ltd . Which includes 4X300MW units; The East oil field development project; Shidonkou No.2 Power Plant, which comprises 2X600MW units (Shenergy has converted its shares at the end of 1997); Shidongkou Power plants, which includes 4X300MW units; Wujing Thermal Power Plant Phase 6, with 2X300MW units; Chongming power Plant adding 80MW in two units; Xinghuo Thermal Power Plant with 2X12 co-generation units.
Shanghai Waigaoqiao electric power generating company Ltd. Was registered and established on Nov.24,1999. It was invested by Shenergy and Shanghai electric power company Ltd. and its main business is electric power coal-generating and comprehensive utilization . It has 4X300 sub-critical coal firing units. The power plant was established in October 1992, and the first unit was put into commercial operation in April 1995. By the end of 1997, all the four units had been put into operation. In 1997, No.1 and No.2 units achieved first class in the national 27th coal fired domestic-made unit competition and the No.3 unit achieved special class in the competition. In 1998 ,the four units attended the 28th competition and achieved first and second class.
Tel: 8621-6390 0888
Fax: 8621-6390 0119
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