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National Energy Group was formally established on November 28, the new "aircraft carrier" of energy central enterprises was born

National Energy Group was formally established on November 28, the new "aircraft carrier" of energy central enterprises was born

  • Categories:Industrial Trend
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  • Time of issue:2018-12-01 08:30
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National Energy Group was formally established on November 28, the new "aircraft carrier" of energy central enterprises was born

(Summary description)On August 28 this year, with the approval of the Party Central Committee and the State Council, China Guodian Corporation and Shenhua Group Co., Ltd. merged and reorganized into the State Energy Investment Group Co., Ltd. ("National Energy Group"). After a full three months, with the convening of the reorganization inaugural meeting, the National Energy Group was formally established on November 28, and the new "aircraft carrier" of the energy central enterprise was born.

  • Categories:Industrial Trend
  • Author:
  • Origin:
  • Time of issue:2018-12-01 08:30
  • Views:
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On August 28 this year, with the approval of the Party Central Committee and the State Council, China Guodian Corporation and Shenhua Group Co., Ltd. merged and reorganized into the National Energy Investment Group Co., Ltd. ("National Energy Group"). After a full three months, with the convening of the reorganization inaugural meeting, the National Energy Group was formally established on November 28, and the new "aircraft carrier" of the energy central enterprise was born.

Energy "Big Mac"

 

The scale of assets exceeds 1.8 trillion yuan, with the largest of the four in the world

 

The scale of assets exceeds RMB 1.8 trillion, with 330,000 employees, 8 scientific research institutes, and 6 technology companies, forming coal, conventional energy power generation, new energy, transportation, coal chemical industry, industrial technology, energy conservation and environmental protection, industrial finance, etc. 8 major business sectors...The reorganized National Energy Group can be described as an energy "big Mac". According to the caliber at the end of 2016, it has the four largest in the world at the same time-

As the world's largest coal production company, National Energy Group has 83 production coal mines (16 open-pit coal mines) with an approved production capacity of 429 million tons. Coal is supplied to many countries and regions including Japan and South Korea. It has the world's most advanced and largest Shendong mining area with 10 million tons of mines.

As the world's largest thermal power generation company, the National Energy Group has 167 million kilowatts of thermal power installed capacity and power stations in 31 provinces, autonomous regions and municipalities across the country, as well as Australia, South Africa, Indonesia and other countries. Ultra-low emission units, large-capacity and high-parameter units, new energy installations, and high-tech industries focusing on energy conservation, environmental protection and equipment manufacturing are in a leading position in the industry.

As the world's largest renewable energy power generation company, the National Energy Group has 33 million kilowatts of wind power installed, 57 billion kWh of annual power generation, and domestically leading profitability, management level, and international scale.

As the world’s largest coal-to-liquid and coal chemical company, National Energy Group has invested in 28 coal-to-liquid chemical production and operation projects, with a coal-to-liquid production capacity of 5.26 million tons and a coal-to-olefin production capacity of 2.88 million tons. Process technology with independent intellectual property rights.

In addition, the National Energy Group has 2,155 kilometers of railways, a port with an annual throughput of 300 million tons, and a fleet of 80 self-owned ships. In terms of heavy-haul railway construction and operation, it is also at the leading level in the industry.

"The reorganization and establishment of the National Energy Group is an effective way to become stronger, better, and larger central enterprises." As Xiao Yaqing, director of the State-owned Assets Supervision and Administration Commission of the State Council, said, the "strong alliance" between the two enterprises will speed up the building of a stronger and more coordinated enterprise. Comprehensive energy groups with more prominent advantages and a more reasonable industrial structure will better play the role of central enterprises in ensuring national energy security and promoting healthy economic development.

Coal power "family"

Will help the coal power industry enter a more sustainable and stable development state

Before the reorganization, Shenhua Group had coal as its main business and was a comprehensive energy group integrating coal, electricity, roads, ports and navigation; Guodian Group had electricity as its main business and was one of my country’s five largest power generation groups, with total wind power installed capacity It ranks first in the world and has obvious technical advantages in the fields of ultra-low emissions of thermal power, desulfurization and denitrification. In the past, the coal output of the Shenhua Group and the power generation of the Guodian Group accounted for about 15% of the country's total output. After the reorganization, coal and electricity have become "family", what kind of sparks will it create?

"We often say that the two industries of coal and electricity are sitting on a'seesaw'. When coal prices rise, power generation companies will suffer losses. When coal prices come down, power generation companies will have a better life." said Li Jin, a researcher at the State-owned Enterprise Research Center of Renmin University of China. In the past, with the increase in coal capacity reduction efforts, coal prices have risen, and accordingly, the operating conditions of power generation companies have been affected. According to data from the National Energy Administration, in the first three quarters, my country’s coal mining and dressing industry achieved a profit of 226.2 billion yuan, a year-on-year increase of 7.2 times. In sharp contrast, in the first three quarters, the power and heat production and supply industries achieved profits. 259.3 billion yuan, a year-on-year decrease of 23.7%, and a drop of 18% from the same period last year.

“Previously, Shenhua’s power plant did not have a fuel procurement department, so you don’t need to worry about coal. Other thermal power plants may have to store coal for two weeks before they feel safe.” State Energy Group General Manager Ling Wen said that after the two merged into one, Guodian The coal supply of all power plants must be guaranteed. “Of course, in the future, we will also need to consider the cost of transshipment and the combination of coal types. The amount cannot be simply calculated, but we will gradually increase the protection of coal supply to power plants.”

"After the integration of coal and electricity, the integration of upstream and downstream elements in the industrial chain can reduce the impact of companies on market price changes and allow the coal and electricity industry to enter a more sustainable and stable development state." In Li Jin's view, the state The establishment of the energy group will have a huge impact on my country’s coal-fired power industry. “It will fundamentally promote the acceleration of my country’s coal-power integration process, forcing and guiding other companies to follow suit and reorganize. This is exactly what my country’s energy system revolution Important direction."

"Restructuring is not only an inevitable requirement for deepening the reform of state-owned enterprises and promoting the optimization of the layout of central energy enterprises, but also a major measure to promote the adjustment, transformation and upgrading of the energy structure, and to prevent and resolve excess coal and coal power production capacity." Xiao Yaqing analyzed this with several "favors". The significance of the secondary reorganization to the energy industry: it is conducive to straightening out the relationship between coal and electricity, realizing the integrated development of coal and electricity, and improving the overall profitability and operating efficiency of the company; it is conducive to alleviating the outstanding problems of homogeneous development and resource dispersion, and promoting the Achieve the optimal allocation of resources at a higher level and a higher level; it is conducive to the synergy between the two parties in the upstream and downstream of the industrial chain to form an integrated coal-electricity operation mechanism; it is conducive to further optimizing the business structure and improving the level of green development; conducive to the integration of both parties Scientific and technological resources to speed up breakthroughs in key technologies; it is conducive to coordinating internal production capacity, speeding up the implementation of coal and coal power capacity reduction tasks, and improving the efficiency of coal power utilization.

"1+1>2"

Will accelerate the comprehensive integration of assets, businesses, institutions, personnel, management, etc.

Whether "1+1" can truly be "greater than 2" depends on the effectiveness of the reorganization. Not long ago, on the Open Day of the Central Enterprise Delegation of the 19th National Congress of the Communist Party of China, Ling Wen said when answering a reporter’s question that the strategic reorganization of state-owned assets is not only an “arranged marriage” but also a “free love”. Both companies are very welcome. , "Reorganization is not a simple'merging of similar items' "physical platter". It must be combined with supply-side reforms to strive for a'chemical reaction'."

How should the "chemical reaction" occur? Li Jin said that after the reorganization, the next steps will be focused on several aspects: 1. The integration of leading institutions and personnel; 2. The in-depth integration of the industrial chain is not just a formal merger, but an internal reorganization to realize resources. The best configuration of the company can improve the total factor productivity; third, improve the technological innovation ability, so that the company can harvest new momentum with more scientific and technological content. In addition, this reorganization will also accelerate the reform of state-owned enterprises. As an investment and management company, the National Energy Group will develop in the direction of "small headquarters and large enterprises", and its management system will also show new changes.

Qiao Baoping, chairman of the National Energy Group, said that the next step will be to accelerate the comprehensive integration of assets, businesses, institutions, personnel, management, culture and party building to ensure the successful completion of the restructuring work, and to give full play to the synergies to ensure the full release of restructuring dividends and realize " 1+1>2" reorganization effect. It will focus on the main line of supply-side structural reforms, focus on coal and power generation, and vigorously implement the "three removals, one reduction and one supplement" to resolve excess capacity, optimize the layout structure, promote green development, vigorously implement innovation-driven strategies, and comprehensively deepen internal Reform, accelerate the improvement of the modern enterprise system, actively develop a mixed-ownership economy, increase "going out" efforts, actively participate in the construction of the "Belt and Road", and strive to build a world-class integrated energy group with global competitiveness.

This article is transferred from China Coal News Network

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