Electric Power Group

Guangzhou Development Electric Power Group Co., Ltd. is a wholly-owned subsidiary of Guangzhou Development Group Incorporated (stock code: 600098), mainly engaged in the development, investment, construction, and operation management of energy projects in the power industry. It is one of the three major state-owned local power enterprises in Guangdong Province and the largest power generation enterprise in Guangzhou. Adhering to the strategic positioning and development goals of building an excellent green, low-carbon, comprehensive, and smart energy enterprise group, and upholding the core values of "being conscientious, pursuing excellence, and achieving harmonious development," the Electric Power Group firmly implements five major strategies: green and low-carbon development, technological innovation, smart energy, the "Going Global" initiative, and strengthening the enterprise with talent. It focuses on building a large-scale green and low-carbon energy supply and comprehensive service provider based on natural gas power generation, clean coal power, combined heat and power, and distributed comprehensive energy, with breakthroughs in areas such as multi-energy complementary project development, comprehensive energy technical services, electricity market sales, hydrogen energy development and utilization, and solid waste environmental treatment. Looking to the future, the Electric Power Group will seize the major opportunities of the Guangdong-Hong Kong-Macao Greater Bay Area planning and development, focus on the national energy strategic layout of "carbon peak by 2030, carbon neutrality by 2060" and the establishment of a new power system with new energy as the mainstay, center on the development of clean energy, improve quality and efficiency on the basis of persisting in the main business of power generation, further adjust and optimize traditional businesses, accelerate the development of high-efficiency large-scale gas power, vigorously invest in and develop photovoltaic and wind power new energy, optimize the layout of distributed energy stations, actively plan and expand new business forms in the power and environmental protection fields such as energy storage for frequency and peak regulation, hydrogen production and utilization, solid waste environmental treatment, comprehensive energy technology and services, and multi-energy complementarity, and seize opportunities to enter the hydropower field and the overseas energy investment market, promoting the enterprise's transformation, upgrading, and high-quality development.