Hubei Energy

Hubei Energy Group was formed in February 2005 through the merger of the former Hubei Qingjiang Hydropower Investment Company and Hubei Electric Power Development Company, as a wholly state-owned enterprise. In 2007, it achieved equity diversification by introducing strategic investment from China Yangtze Power. In 2008, it underwent shareholding reform and was transformed into a joint-stock company. In 2010, it achieved overall listing (stock code: 000883). At the end of 2015, China Three Gorges Corporation became the actual controller of the company, and Hubei Energy transformed from a provincial state-owned enterprise controlled by the Hubei Provincial State-owned Assets Supervision and Administration Commission into a second-tier subsidiary controlled by China Three Gorges Corporation. As the "Hubei Provincial Energy Security Guarantee Platform" and "China Three Gorges Corporation Comprehensive Energy Development Platform", Hubei Energy has formed business segments in hydropower, thermal power, new energy, natural gas, coal and finance, and has initially built two major power energy bases: hydropower in western Hubei and thermal power in eastern Hubei. It is also actively building a coal and natural gas supply guarantee network, and is a listed company with the most complete range of energy businesses in China.