Datang International Power

By: EconomyWatch   Date: 17 July 2010

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Datang International Power is among top five power generation companies in China. Ranked 1009 by Fortune Global 2000, this company has net asset of US $11.60 billion and net sales of US $3.18 billion. Datang Power owns four power generation companies and manages 17 of them.
Established in 1994, Datang International Power is listed in London stock exchange and Hong Kong stock exchange. American depository receipts held by this Chinese power company can be traded across the counter in United States. Total installed capacity till 2006 was 15,410 megawatts.

Brief history
Datang International Power was set up in December 1994 as Beijing Datang Power Generation Company Limited as a joint stock company registered with State Administration for Industry and Commerce. In June 2006, this company was renamed Datang International Power Generation Company Limited.

Products and services
Datang International Power, a utility company generates, markets, and distributes electrical power. Of its eight power generating stations, Douche was the earliest one to be set up in 1973. Datang’s total generating capacity of 1550 megawatt (MW) includes two units of 250 megawatt, four units of 200 megawatt, and two units of 150 megawatt.

Pengshui Hydropower Company is being set up comprising five units of 350 megawatt generation capacity. Lixianjiang Hydropower Company with production capacity of 1135 MW is another hydroelectric power generating station. Yuncheng Power Company is a thermal power station with a capacity of 600 MW.

Inner Mongolia Datang International Zhouzi Wind Power Company Limited, a wholly owned subsidiary of Datang International Power includes 32 wind powered generation units of 1.25 MW each.

Financials
Datang International Power till March 2008 had net asset worth US $11.60 billion and achieved sales amounting to US $3.18 billion. Profit earned till that time was US $0.36 billion.

Awards and recognition
In 2005, Datang International Power was awarded Asia’s best managed companies by Euromoney. Asset in 2004 awarded this company an award for ‘best corporate governance in Asia’.



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