Introduction of Xinhua Power
Established in 2002, Xinhua Hydropower Co., LTD. (hereinafter referred to as Xinhua Power) is jointly invested by China National Nuclear Corporation (hereinafter referred to as CNNC), a major 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 hydropower (including pumped storage), new energy and comprehensive smart energy (including local power grid). Its subordinate enterprises include 10 regional companies, 2 direct management projects, 4 branches and more than 200 project legal entities, with a total of 3,000 employees.
As the strategic embodiment of non-nuclear green energy of CNNC, Xinhua Power has deeply embraced the new energy security strategy of "Four revolutions and One cooperation", resolutely fulfilled the political, economic and social responsibilities of central enterprises, continued to develop hydroelectric power generation, and vigorously developed pumped storage power generation. We will accelerate the construction of large-scale wind power and photovoltaic power generation bases in deserts and Gobi areas, actively promote 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, and explore solar and thermal energy and other new types of energy storage.
Up to now, the grid-connected installed capacity has exceeded 9.4 GW, and the annual power supply of the grid has exceeded 1.6 billion kW?h. The scale of pumped storage and solar thermal energy power stations ranks first in the industry. The installed capacity of new energy in development has exceeded 20 GW, entering in the fast track of high-quality development. The total assets has reached 92.106 billion yuan and is distributed in 29 provinces, autonomous regions and municipalities.
For 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 large-scale, marketization and differentiation, provide professional green smart energy package solutions, target at building a first-class green energy enterprise with the characteristics of CNNC, 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 towards the second Centenary Goal.