Development Process

  • 2017

    In December 2017, CR Power successfully acquired 12% equity of the Dudgeon Offshore Wind Farm in UK. It is the first overseas power project of the company.
  • 2016

    In order to adapt to new changes in China and its energy policy, and promote the optimization of the corporate business structure, CR Power conducted the “headquarters + region + project company” three-level matrix control reform in May 2016.
  • 2015

    CR Power (Guangdong) Marketing Co., Ltd. was established on November 23, 2015, marking CR Power’s formal entry into the power selling sector.
  • 2012

    In April 2012, in order to promote the implementation of its strategy and enhance its organizational capacity, CR Power acted in line with the overall principle of "strengthening headquarters, solidifying regional companies, and refining projects" to implement "Headquarters + Business Units" matrix-style reform of management and control. This was the biggest organizational change for the company in terms of scale and impact since its inception.
  • 2010

    On April 2, 2010, CR Power’s first million watts class unit, unit #3 of China Resources (Xuzhou) Electric Power Co., Ltd., passed the 168-hour test run in one go.
    The CR GCL (Golden Concord Holdings Limited) Project was the first combined gas-steam cycle co-generation project in Beijing. Through technical innovation, it successfully realized quadruple co-generation of electricity, steam, hot water, and refrigeration in 2010, becoming a model for regionally distributed energy projects.
  • 2009

    On July 25, 2009, the Hunan branch was established, marking the first step for CR Power in reforming its regional companies.
    In June 2009, CR Power was included as a Hang Seng Index constituent stock (bluechip), being the only Chinese power enterprise to be selected and the only Chinese-owned power company to have ever been selected for inclusion into the Hang Seng Index.
  • 2008

    In January 2008, CR Power bought out Jiangsu Tianneng Xuzhou Coal & Power Co., Ltd. and formally entered the coal sector.
  • 2007

    In September 2007, the three 70MW units of CR Power’s first hydroelectric project, Yunnan China Resources Power (Red River) Limited, were all put into operation.
  • 2006

    In April 2006, CR Power acquired its first wind farm, a 55% equity interest in Shantou Dan Nan Wind Power Co., Ltd. in Guangdong.
  • 2003

    On November 12, 2003, CR Power was listed on the Main Board of the Stock Exchange of Hong Kong (Stock Code: 0836.HK), four years earlier than what was strategically anticipated.
    Hunan Liyujiang Plant with 2x300MW units was CR Power first power plant. Construction commenced in November 2001, and the units were put into operation in July and September 2003 respectively, relieving the urgent shortage of electric power at that time in Guangdong.
    The Changshu Project represented the first time CR Power constructed a power plant as a sole investor. The project was also among the first batch of domestically manufactured 600MW supercritical thermal power units. Construction officially commenced on May 1, 2003 and units #1, #2, and #3 were respectively completed and put into commercial operation on March 3, June 16, and October 23, 2005.
  • 2002

    In 2002: CR Power made three major acquisitions (Wenzhou Telluride Power Plant, Hubei Puqi Power Plant, and Guangdong Shajiao C Power Plant), and thus rapidly expanded its assets and scale, becoming a distinctive independent power producer in China.
  • 2001

    On August 27, 2001, CRH, which had maintained close watch over China's power industry, assessed the situation and seized the opportunity to formally incorporate China Resources Power Holdings Company Limited at Hong Kong's Victoria Bay.
  • 1994

    On May 1, 1994, the commencement conditions of Pengcheng Power Plant were met. On September 15, 1996, the construction of unit #1 was completed and put into operation 105 days ahead of schedule. Xuzhou China Resources Power Co., Ltd. became China's first power project that was built, managed and operated independently, which created a number of industry miracles and went down in the annals of China's power industry as the "Pengcheng mode".
    On March 31, 1994, CRH began its involvement in the power industry with a contract signing ceremony held at the Great Hall of the People in Beijing for the establishment of the China-foreign joint venture Xuzhou China Resources Power Co., Ltd.
  • 1993

    In November 1993, the report on the commencement of construction of Pengcheng Power Plant Phase I was formally approved by the national government. On December 30, 1993, a symbolic groundbreaking ceremony was held, but no real progress was made on the project since the joint venture company had not yet been formed and the funds for construction were not in place.