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Zhejiang Zheneng Electric Power Co., Ltd.

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Zhejiang Zheneng Electric Power Co., Ltd. is the integrated operating platform for the power business assets of Zhejiang Provincial Energy Group, mainly engaged in thermal power generation.

Last updated November 4, 2026

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Nov 4, 2026
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Nov 4, 2026

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Overview

Zhejiang Zheneng Electric Power Co., Ltd. serves as the integrated operating platform for the power business assets of Zhejiang Provincial Energy Group. It is mainly engaged in thermal power generation, supplemented by the supply of thermal products and investment in nuclear power. Its controlling shareholder is Zhejiang Provincial Energy Group, and its actual controller is the State-owned Assets Supervision and Administration Commission of the People's Government of Zhejiang Province.

History

Zhejiang Zheneng Electric Power Co., Ltd. operates as the integrated operating platform for the power business assets of Zhejiang Provincial Energy Group. It is mainly engaged in thermal power generation, supplemented by the supply of thermal products and investment in nuclear power. In recent years the company has expanded its investment scale in the power production field, with production indicators such as installed power capacity and power generation showing steady growth, and it has developed into a regional energy leading enterprise in Zhejiang Province and nationwide. Its controlling shareholder is Zhejiang Provincial Energy Group, and its actual controller is the State-owned Assets Supervision and Administration Commission of the People's Government of Zhejiang Province.

  • The company announced its 2026 semi-annual profit distribution plan and a change in accounting policy, alongside resolutions from the 19th meeting of the fifth board of directors.

  • The company disclosed the results of its 2026 semi-annual results briefing.

  • The company announced a decision to participate as a shareholder in the third phase of the Zhejiang Sanao nuclear power project.

Products and positioning

A leading regional energy enterprise

  • Thermal power generation

    The company's principal business is thermal power generation, producing electricity for the grid.

  • Heat supply

    As a supplementary business, the company provides heat products.

  • Nuclear power investment

    The company invests in nuclear power projects, including the Zhejiang Sanao nuclear power project.

Controversies

  • 2025

    Former Zheneng Group chairman Tong Yahui turns himself in, expelled from Party; subsidiary fined after outsourced worker dies of suffocation

    In May 2025, Tong Yahui, former Party secretary and chairman of Zheneng Group, voluntarily turned himself in; in September he was expelled from the Party and transferred to the procuratorate. The National Energy Administration reported that an outsourced worker in ash-cleaning operations at Zheneng Jiahua, a subsidiary of Zheneng Power, died of suffocation, and the company was fined RMB 200,000. Transferred for review and prosecution; administrative penalty.

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