SDIC Power Holdings Co., Ltd.
SDIC Power is a holding company of State Development and Investment Group Co., Ltd. (SDIC) and is the investment platform of SDIC's energy business.
1. Establishment of SDIC Power Holdings Co., Ltd.
Founded in 1989, State Development and Investment Group Co., Ltd. (SDIC) is an important state-owned enterprise directly managed by the central government, and officially transformed into a state capital investment company in June 2022. SDIC's registered capital is 6.338 billion yuan, and as of the end of 2022, the group's total assets amount to 679 billion yuan, with about 9,565 employees. In 2014, the Group achieved a total operating income of 233.18 billion yuan and a total profit of 67.9 billion yuan. For ten consecutive years, it received the evaluation of the effectiveness of the State-owned Assets Supervision and Administration Commission of the State Council of China and was awarded the title of 'Enterprise with Outstanding Performance' for six consecutive terms.
SDIC Group has always adhered to the national strategy, conducted structural optimization, built a better life, promoted scientific and technological innovations, led the modernization of the industry as its own responsibility, played a leading and driving role of state capital in key industries and key areas, and also built a world-class investment company. SDIC Group focuses on building four main business sectors: 'energy industry,' 'digital/technology,' 'livelihoods and people's health,' and 'industrial finance.' The energy sector contributes to national energy security and the implementation of the 'dual carbon' strategy, including electricity (including hydrogen energy/energy storage), energy ports, and bioenergy. Digital/technology helps the development of digital economy technologies and industries, including electronic information engineering services, network security and digital government relations, new materials, inspection and testing of special equipment, automotive fuel tanks, operation and maintenance of railways. Livelihoods and people's health help meet people's needs for a better life, including potassium fertilizers, healthy aging, water treatment/solid industrial waste, trade, personnel services (including consulting), concentrated fruit juices, as well as biological agriculture, medicine, and medical equipment. Industrial finance helps real economy financial services, including securities, industrial funds, guarantees, trusts, financial leasing, financial companies (including Rongshi International), and asset management.
SDIC Group has 19 wholly-owned subsidiaries and holdings and 477 investment enterprises wholly-owned and held, including 9 listed holding companies, forming the 'SDIC' brand with a certain influence in the capital market.
2. Introduction of SDIC Power Holdings Co., Ltd.
SDIC Power Holdings Co., Ltd. (SDIC Power) is a holding company of China Development and Investment Group Co., Ltd., founded in 1996 and registered in Shanghai and London. The company pays attention to scientific and technological innovations and has won numerous awards, such as the Chang Tianyu Award for Civil Construction in China, the National Award for Scientific and Technological Progress, the China Electricity Quality Award, the National Award for Outstanding Achievements in Entrepreneurial Culture, and the FIDIC Award for Engineering Projects.
SDIC Power has more than 100 investment enterprises and about employees, and its business includes hydroelectric power, thermal power, photovoltaics, onshore wind power, offshore wind power, energy storage, electricity sales, and integrated energy services, with its projects distributed in 5 provinces, municipalities, and autonomous regions of China, as well as in 4 countries along the 'Belt and Road' and OECD. The company's installed structure is mainly clean energy, with an excellent energy supply structure, and the installed capacity of the holding is about 70 million kilowatts, of which 55% is for clean energy, including about 600% for hydroelectric power, wind power, and photovoltaic installed capacity of about 15 million kilowatts, accounting for 30%; Thermal power accounted for 3000% of the installed capacity. Currently, the total installed capacity of the company's under construction and proposed energy projects exceeds 1000 million kilowatts, including over 1000 million kilowatts of new energy, over 2700 million kilowatts of hydroelectric and pumped storage power stations, and some highly efficient thermal power projects. The company's total assets amount to about 679 billion yuan.
