Found in 1998, Guohua Energy Investment Co., Ltd (hereinafter referred to as “Guohua Investment” or “the Company”) is a wholly stated-owned enterprise，and is put under the administration of Shenhua Group Corporation Limited, with net assets of RMB8.845 billion. The Company mainly focuses on exploiting and investing in renewable energy in the form of Wind Power, and managing and recovering the fund for Substitution Coal for Oil. The Company has assets under management (AUM) of RMB33.5 billion, 17 wholly owned and affiliated companies and 2000 employees.
Guohua Investment undertakes the critical mission to recover and manage the earmarked funds for Substitution Coal for Oil, which will be invested in Shenhua Project-- a cross-century project of our country. As of 2006, the Company has recovered Substitution Coal for Oil funds of RMB25.85billion (including workable assets) in total, of which RMB24.35 billion has been invested in Shenhua Project.
For 9 years from the inception, while working scrupulously on the mission entrusted by the State, Guohua also has been actively embarking on businesses in the field of investment, power, real estate and finance in line with the overall development strategy of Shenhua Group. So far the Company has developed into a large investment conglomerate controlling 10 Wind Power Project companies and investing in a number of companies including Guohua Electric Power Corporation (controlled by ShenHua Group), Guohua Energy Co., Ltd; ShanDong Guohua Times Venture Development, Shanxi Jihua Chaijiagou Mining; Guohua JingDu Property; Beijing OrientalBay International Hotel, and etc. It also holds stakes in Huaneng International Power Development Corporation, China Shenhua Coal Liquefaction Corporation Ltd., China Credit Trust Co.,Ltd, Bank of China, Huatai Securities, Guodu Securities, Zhanjiang Power Plant, and etc.
Guohua Investment entered into the field of Wind Power industry in 1999. Since 2005, the Company’s main business has been transferred into the field of renewable energy. According to the country’s “Eleventh Five Year” energy development plan and the strategy of Shenhua Group Corporation Limited, the Company has made a mid-long term planning, according to which by the year of 2010, it will realize an installed capacity of 1.5 million kilo watts for Wind Power, and by the year of 2020, the accumulated capacity of Wind Power will amount to 6 million watts in total ( of which Sea Wind Farm accounting for above 500 thousand kilo watts) and try to set up 3 million-kilo watt Wind Power development bases. At present, it has entered into Cooperation Agreements for Wind Power exploitation with governments at provincial, regional and municipal levels, such as Hebei province, Inner Mongolia and Jiangsu province. Subject to the agreement, the scale of total installed capacity is about 16.6 million kilo watts and the area in control amounts to 4 thousand square kilometers. The company has had 6 Wind Power farms that have been put into operation, with total installed capacity of 260 thousand kilo watts, 14 under construction for the time being, with a total installed capacity over 800 thousand kilo watts, and another 10 projects at preliminary period. Guohua Investment has also entered into strategic partnership with famous Wind Power equipment suppliers like VESTAS, GE, SUZLON, Jinfeng Tech, Dongfang Electric, Dalian Huarui, and etc. Currently Guohua Investment played an important role in the field of domestic Wind Power industry.
On May of the year 2006, as one of the achievements of Prime WenJiaBao’s visit to Australia, Guohua Investment signed a joint venture agreement for the Wind Power project in Rongcheng, Shandong province with Roaring 40s which is a joint venture between Australia-based Hydro Tasmania and Hong Kong-based CLP Power Asia.. This project has completed on July of the year 2007. On March of year 2007, Guohua Investment participated in the signing ceremony for state-level cooperation between Sino-Australia enterprises, attended by vice Prime Zeng Yanpei, where again the Company successfully signed JV construction contracts with Roaring 40s in respect of 3 Wind Power projects in Lijin, Hekou and Zhanhua, Shandong province. What’s more, Guohua Investment also set up a JV with American AES Company, namely Guohua AES (Huanghua) Wind Power Co., Ltd., for the purpose of constructing and operating Huanghua Wind Power project, and another JV with China Wind Power Group Limited to construct and operate the Wind Power project in Bayannaoer.
Besides focusing on development of Wind Power project, Guohua Investment is also actively engaged in research and preliminary development of alternative renewable energy solutions such as biological mass based generation, photovoltaic generation, with a view to widen the application of renewable energy.
Since its inception, Guohua Investment has been devoted to introducing excellent corporation governance concept, improving management, establishing systems in terms of operational procedure and internal risk control, which contribute to the stability in the Company’s development.
Guohua Investment always insists on its core value of “Sincerity, Comprehensiveness, Innovation, Responsibility, and Cooperation” and always insists on the principal of “Keep moving forward and contribute to nation” in working with local government. So it has been greatly supported by local government and people. Consequently, all clients and business partners think highly of the company.
Shouldering the mission of serving the nation’s economic construction and making benefits for human beings, Guohua Investment are pursuing harmonious development among mankind, society and nature, and endeavoring on the development of green, non-polluted and renewable energy resources.