Nuclear power generation
The company builds, operates, and manages nuclear power plants and sells the electricity they produce.
Customers and revenue model
CGN Power Co Ltd
F:94C
CGN Power Co Ltd
F:94C
Price:
0.332
EUR
-0.6%
Market Closed
Market Cap:
€25.5B
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Company Overview
Business Description
- Sector
- Utilities
- Industry
- Utilities
- Headquarters
- China CN
- Employees
- 22 928
- IPO date
- Dec 10, 2014
CGN Power Co Ltd develops, owns, and operates nuclear power plants in China. It generates electricity from nuclear reactors and sells that power into the grid, so its core job is to produce steady baseload electricity rather than equipment or consumer products. Its main customers are the regional power grid companies and, indirectly, the homes and businesses that use the electricity.
The company makes money mainly by selling nuclear-generated electricity under regulated or long-term power arrangements. It also earns from related services tied to running and maintaining nuclear plants, such as plant operations, maintenance, and fuel-cycle coordination. Because nuclear stations are expensive to build and tightly regulated to run, the business is centered on long-lived assets and strict safety management.
What sets CGN Power apart is its role in the power supply chain: it sits at the point where fuel and engineering are turned into dependable electricity. Unlike many utilities that burn coal or gas, it uses nuclear reactors, which gives it a distinct place in China’s effort to provide large-scale, low-carbon baseload power.
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