The newly-established Hunan Energy Investment Group Co., Ltd. was officially inaugurated in Changsha on the morning of March 27, 2024.

Mao Weiming, deputy secretary of the CPC Hunan Provincial Committee and governor of the People's Government of Hunan Province, attended and unveiled the nameplate for the group.

Zhang Yingchun, member of the Standing Committee of the CPC Hunan Provincial Committee and executive vice governor, and Qu Hai, provincial government secretary general, were present.

On March 27, the newly-established Hunan Energy Investment Group Co., Ltd. was officially inaugurated in Changsha. Governor Mao unveiled the nameplate for the group.

The Hunan Energy Investment Group Co., Ltd. was set up based on the former Hunan Xiangtou Holdings Group Co., Ltd. After 32 years of development, the Xiangtou Group has shaped its primary business structure as "one core and two subsidiaries", with a focus on energy industry as the core, and strategic emerging industries and the coordinated development of industrial investment and financial business as its subsidiaries.

The group has participated in and held an installed generating capacity of 24.04 million kilowatts, including 18.13 million kilowatts installed in Hunan, which accounted for 25.6% of the provincial total. It has invested in provincial natural gas pipeline network construction, with a total mileage of more than 2,000 kilometers. It has also invested in and nurtured 6 national and provincial small and medium-sized "little giant" enterprises that specialize in such niche sectors as energy new materials, advanced equipment, and other strategic emerging industries.

The unveiling ceremony.

The group is a provincial comprehensive energy investment, construction, and operation platform, and a major practitioner of the provincial energy strategy. With a registered capital of 30 billion yuan, it secures energy supply of Hunan Province, implements provincial energy resources development, undertakes major energy project investment and construction, and carries out Hunan's major energy projects cooperation on behalf of the province.

The Hunan Energy Investment Group Co., Ltd. will focus on the main responsibility and business of energy; continuously improve the construction of electricity, natural gas, and other energy infrastructure; strengthen energy security support; promote green and low-carbon transformation of energy; and, accelerate the building of a new energy system. It  will lead and drive the development and expansion of province's energy and related industrial chains, to create a modern energy industrial cluster integrating energy planning and design, investment and construction, energy trading, equipment manufacturing, new materials, and comprehensive energy services, providing strong energy security for Hunan's high-quality development.

The group strives to achieve an asset size of 120 billion yuan in 2025, holding the operated and constructed power installations of 12 million kilowatts, which will account for more than 10% of the provincial total. By 2030, its asset size will reach 200 billion yuan, with an installed power capacity of 22 million kilowatts, accounting for about 20% of the provincial total.

Photos taken by Liu Shangwen.

This article is from the Hunan Provincial Government www.enghunan.gov.cn.

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn