China Huadian Corporation (中国华电集团)
China Huadian Corp. is a state-owned energy company headquartered in China. In 2019, its revenue was US$29.61 billion and installed capacity was 147.79 GW in 2018. It is one of the five largest state-owned power generators in China, producing about 10% of the country’s power. Huadian has announced an intention to invest in low-carbon generation while increasing coal-fired generation.
- Ranking position
- #49/50
- Total score
- 1.1/20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Huadian is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen.
In addition to having no transition plan, no emissions reduction targets and little recognition of climate change issues, Huadian, which also owns a coal mining business, shows no signs of limiting the use of coal. Consequently, it is hard to see a decreasing trend in its emissions. Despite the lack of a transition plan, Huadian has stated its intention to invest capital and other resources in high-quality, profitable low-carbon energy projects. The total share of low-carbon capacity is expected to increase, but it also seems unlikely that Huadian will reduce its use of coal significantly in the short term, as coal is still considered to be the core energy source to ensure China’s energy security.
Progress towards the Paris Agreement
More about the company
- Headquarters
- Beijing, China
- Ownership structure
- State-owned
- Group revenue
- US$29.61 billion (2019)
- Installed capacity
- 147.79 GW (2018)
- Website
- http://eng.chd.com.cn/webfront/