Under the approval of the State Council (SC), State Power Corporation of China (SP) was established on Jan. 16,1997. 

Established with investment solely from SC, State Power Corporation of China (SP) is authorized to be the main investor and business operator of assets and to exercise owner’s functions of state-owned assets to all its subsidiaries either fully owned or with holding or participating shares and to other SC authorized properties. SP is an economical entity that operates interregional power transmission and distribution and the legal person for integrated management of national power network. 

With 160 billion RMB Yuan as the registered capital, State Power operates and manages in a conglomerate manner. State Power Corporation adopts the system of full responsibility by President who acts as the legal corporate person. 

The major functions of SP include:

1)               To operate state-owned assets authorized by SC, to reserve and increase their value; to rejuvenate the existing assets and to optimize Resources allocation and assets structures; to undertake approved investment and financing activities by using state equity capital, investing on power projects and repaying loans and interests.

2)               To get the return on its equity, to define the operating principles, important assets restructuring and profit distribution ways of its fully owned subsidiaries; to appoint their major executives and members of the supervisory board; to send out board directors to its stock-holding and share-participating subsidiaries. To study and decide the guidelines and development strategies and to appoint the leaders for its non-corporate institutions.

3)               To make corporate development strategies, long-term and medium-term development plans, annual plans, investment and financing plans, and to organize their implementation. To be responsible for the construction of united national power network, for the operation and management of the inter-regional trunk-lines and large and main power plants for both trans-regional power transmission and peak load or frequency regulation.

4)               To implement planning, construction, dispatching and management on the state power network in an integrated manner; to apply central scheduling and dispatching to power plants interconnected with the national grids in accordance with laws; to supervise the grid for a safe, stable, economic and high-quality operation, to continuously improve quality of power supply and its services.

5)               To guideline the spiritual civilization, ideological and politic work.

6)               To undertake additional assignments entrusted by SC and its relevant departments. 

With its 1.38 million staff, SP is extensively capable and enjoys rich experience in scientific study, engineering design, construction, project management and operation, which makes it fully qualified to undertake turnkey or EPC projects for thermal, hydro, nuclear power plants and  transmission and distribution projects, as well as the utilities operation and management. In addition, SP’s also deal with many other businesses, namely machinery, electronics, architecture, communication, trade, financing, real estate and information etc.