Shenergy Group Co., Ltd. formerly named as Shenergy Power Development Company which was founded in 1987, is a state-owned enterprise solely funded and supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanghai Municipal Government. The group company was established in 1996 with registered capital of RMB 10 billion.
Shenergy Group currently has nine holding companies including Shenergy Company Limited (600642SH) and Shanghai Gas (Group) Co., Ltd., thus basically forming a development pattern of “Simultaneous Development of Power & Gas and Integration of Industry and Finance”. By the end of 2015, the total assets of the Company have exceeded RMB 145 billion, the annual revenue reached approximately RMB 32.8 billion and the Company has been listed as a Top 500 Enterprises in China in 14 coonsecutive years.
Shenergy Group, the major constructor of major energy infrastructure in Shanghai and the major provider of power and gas products, has completed dozens of key energy projects such as Shanghai Waigaoqiao No. 2 Electric Power Plant, Shanghai Waigaoqiao No.3 Electric Power Plant, and the solar energy project of the China Pavilion and Theme Pavilion of the Expo 2010, among which, the Waigaoqiao No.3 Electric Power Plant has been the benchmark for all the thermal power generation enterprises nationwide. By the end of 2015, Shenergy Group’s generation capacity on an equity basis has amounted to 8340 MW, which accounted for about one-third of the total generation capacity of Shanghai. Meanwhile, the Group has constructed and formed the “6+1” multiple gas source system (which integrated the gas from the West-East Gas Pipeline I, the West-East Gas Pipeline II, LNG imported by Yangshan Port, the Sakhalin-Khabarovsk-Vladivostok Pipeline, the Sichuan-East Gas Transmission Pipeline, the Jiangsu-Rudong GAS,and the Wuhaogou LNG Emergency Supply Station), and created a complete urban gas industrial chain which integrates production, purchasing, pipeline distribution and transportation, sales and supply of gas. In 2015, the supply volume of natural gas reached 7.43 billion cubic meters, accounting for over 90% of the market share of Shanghai. In addition, Shenergy Group is also the principal shareholder of Shanghai Oriental Security Capital Co., Ltd. and China Pacific Insurance (Group) Co., Ltd.
Shouldering the responsibility of guaranteeing the safe energy supply for Shanghai and restructuring and optimizing energy structure of the whole city, Shenergy Group has centered on the overall strategy of “Innovation-driven and Restructuring Development” in recent years. With strides in development, the Group deliberately promoted the development of clean energy and expansion of energy industrial chain, engaged in business areas such as wind power generation, solar power generation, gas power generation, distributed energy supply, energy-saving technology for the power plant, energy trade, new energy venture capital investment fund, etc. and made positive contribution to Shanghai in terms of low-carbon development, energy conservation and emission reduction through positive measures such as desulfuration and denitration of power plants.
The Company is making an energy and financial industrial investment group with advanced main business and core competitiveness.