China Huadian Corporation (short for China Huadian) is a state-owned enterprise approved by the State Council and established on the basis of a part of enterprises and institutions under the former State Power Corporation of China. With its registered capital of 12 billion yuan (RMB) and disposable assets of 76 billion yuan (RMB), China Huadian is a pilot state-holding corporation, which has been authorized by the State Council to make state-authorized investments. Under the direct administration of the central government, it exercises a system of overall responsibility by the corporation president as the legal person, and adopts the management of group operation, with its separated listing in state plans and budgets.
　　The total installed capacity of China Huadian‘s disposable units (including those under construction) reaches 31,090 MW, among which 25,042 MW is of thermal units, accounting for 79.9% of its disposable capacity, and 6292 MW is of hydro units, accounting for 20.1% of its disposable capacity.
　　China Huadian comprises 48 wholly owned enterprises, 47 stock- holding enterprises and 22 share-partici-
pating enterprises. The corporation possesses certain listed enterprises with excellent performance, such as Shandong International Power Source Development Co. Ltd, Heilongjiang Power Co. Ltd, the State Power Nanjing Automation Co. Ltd, Wujiang Hydropower Development Co. Ltd which has 4 large-scaled hydropower stations with total installed capacity of 4820 MW under construction, and China Huadian Engineering (Group) Corporation which is a national large-scaled group and whose business covers project contracting, construction and supervision at home and abroad with a strong capacity to manufacturing modern equipment. China Huadian also embraces 18 nationwide top-class power plants. Its 1000 MW and above power plants with large high-parameters generating units are eye-catching nationwide, such as Zouxian Power Plant, Wangting Power Plant, Harbin No.3 Power Plant, Mudanjiang No.2 Power Plant, Tieling Power Plant and Pucheng Power Plant. Its backbone enterprises are well known in China, such as Beijing No.2 Co-generation Plant (a key heat supplier in Beijing) and Shijiazhuang Co-generation Plant (the largest cogeneration plant in China).
　　China Huadian will operate all the assets formed by the state investment and owned by itself, and focus on the following businesses, development, investment, construction, operation and management of power sources and related sectors, as well as power (heat) production and sales, goods sales related with energy resources, environment protection, the development of science and technology, equipment manufacturing and project construction and supervision at home and abroad, investment and financing at home and abroad, and other businesses authorized or approved by the government.
　　In 2003, under the guidance of "the three represents" and the 16th Congress of CPC, China Huadian shall conscientiously put the spirit of the Central Economy Working Conference into effect and continuously carry out the strategic disposition of power restructure set by the CPC Central Committee and the State Council, realize a smooth transfer of assets and guarantee production safety. During the first year after its establishment, China Huadian is to set out well so that a solid foundation can be laid to realize the development strategy of the corporation.