皇冠体育app Energy Engineering Group Co established

Updated: 2011-10-10

On the morning of Sep 29, inauguration of 皇冠体育app Energy Engineering Group Co and the meeting on power grid enterprises integration was held in the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of 皇冠体育app (SASAC).

As approved by the State Council, enterprises under CGGC, 皇冠体育app Power Engineering Consulting Group Corporation (CPECC), State Grid Corporation of 皇冠体育app (SG) and 皇冠体育app Southern Power Grid Co (CSG) engaged in prospecting and design, power engineering, building and maintenance businesses in 15 provinces (municipalities and autonomous regions) were restructured and integrated into a wholly state-owned company—皇冠体育app Energy Engineering Group Co., Ltd. (CEEC) with SASAC performing the responsibilities of investor.

The company has a registered capital of 26 billion yuan ($4.28 billion) and 160,000 employees, and achieved business proceeds and total assets valued 100 billion yuan ($16.47 billion) by the end of 2010.

CEEC after restructuring and integration will be a giant in energy engineering sector in 皇冠体育app and the world boasting a complete business line incorporating functions of general contracting, project management, planning, prospecting, design, construction, building and maintenance, and investment operation, and a constellation of Chinese key power engineering enterprises, talented engineering managers and technologists, as well as leading power engineering expertise.