About Xinhua Hydropower Company Limited
Established in 2002, Xinhua Hydro Power Company Limited (hereinafter referred to as Xinhua Power), is jointly invested by China National Nuclear Corporation (hereinafter referred to as CNNC), an important state-owned backbone enterprise directly managed by the central government, and the Ministry of Water Resources. With a registered capital of 1.275 billion yuan, the company's main business covers 4 aspects: new energy, energy storage, hydropower and integrated smart energy. Its subordinate enterprises include 10 regional companies, 4 branches and more than 290 project legal entities, with a total of 3,500 employees.
As the main body of the implementation of non-nuclear green energy of CNNC, Xinhua Power has deeply implemented the new energy security strategy of "Four Revolutions and One Cooperation", and resolutely fulfilled the political, economic and social responsibilities of central enterprises. Xinhua Power has been accelerating the construction of large-scale wind power and photovoltaic power generation bases in Gobi and desert areas, vigorously developing pumped storage, electrochemical, photothermal, compressed air and other new types of energy storage, continuously developing hydropower and integrated smart energy, and actively promoting the development of supply-grid-load-storage integration and multi-energy complementation such as the combination of hydropower, wind power, solar power and energy storage.
Up to now, the total assets of Xinhua Power have exceeded 136.573 billion yuan, the grid-connected installed capacity has exceeded15.0993GW, the installed capacity under construction has exceeded 19.2196GW, the annual power supply of the grid has exceeded 2.2 billion kW•h, the installed capacity of new energy in development has exceeded 20 GW, and the scale of reserved pumped storage and solar thermal energy projects ranks among the first echelons of the industry. The company’s assets are distributed in 29 provinces, autonomous regions and municipalities across the country. Xinhua Power has entered the fast track of high-quality development.
Facing the "14th Five-Year Plan" and the future, Xinhua Power will adhere to the development mission of "Serving the country with green energy, Being innovative and sharing", rely on the "Three New and One High" concept, coordinately promote the strategic layout of scale, marketization and differentiation, professionally provide a package of green and smart energy solutions, target at building a first-class green energy enterprise with CNNC characteristics, make every effort to facilitate the green energy transformation, and serve the "Carbon Peaking and Carbon Neutrality" goal. We will forge ahead on the new journey of building a modern socialist country in an all-round way and marching toward the second Centenary Goal.