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       China Yangtze Power Co., Ltd. (hereinafter called “CYPC” or “the Company”) is a limited liability company established in promotion way by China Three Gorges Corporation as the main founder. It was established with the approval of the former State Economic and Trade Commission via the letter “Approval of Setting up of China Yangtze Power Co., Ltd.” (State Economic Trade Enterprise Reform No. [2002] 700) subject to the consent of the State Council on the application thereof. The company was founded on September 29, 2002.

        The company initially offered 2,326,000,000 Renminbi ordinary shares on October 28, 2003 and total equity was 7,856,000,000 shares. The company conducted non-tradable shares reform on August 15, 2005 and total equity was then altered to 8,186,737,600 shares. In May 2007, “CYPC CWB1”warrant was successfully launched for exercise and total equity was changed to 9,412,085,457 shares. On September 28, 2009, the company implemented key and major asset reorganization and total equity was changed to 11,000,000,000 shares. On July 19, 2010, the company adopted the program of transferring capital reserve to equity and then the total equity was increased to 16,500,000,000 shares.

        The company is now the largest listed hydropower company and mainly engaged in hydropower production, trying to be the leader in the world hydropower development. It possesses all units of Gezhouba Hydropower Plant and Three Gorges Hydropower Plant, and is commissioned to operate and manage two of the world Top 10 large-scale hydropower plants, Xiluodu Hydropower Plant and Xiangjiaba Hydropower Plant. By December 31, 2013, the total installed capacity owned by the company is 25,277 MW. In addition, the company has equity installed capacity of 2,801 MW in the shared power production enterprises (excluding under constructed capacity).

 

 

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