CITIC Pacific Energy invests in, operates and manages multiple power plants in China with supporting businesses that extend across the industrial supply chain, from coal mining and shipping, to power sales and heat supply. The company also actively invests in green energy businesses, including solar and wind power generation.
In 2024, CITIC Pacific Energy continued its market expansion through strategic investments and technological innovations. By actively promoting green development, the company achieved significant progress in business expansion, energy structure optimisation and operational efficiency improvement.
Business highlights
As of the end of 2024, CITIC Pacific Energy achieved a total installed power generation capacity in operation of approximately 9,601MW, with renewable energy accounting for 1,501MW, or 15.6% of the total. In 2024, the company’s total amount of power generated reached 45.2 billion kWh, with renewable energy accounting for approximately 4.2% at 1.9 billion kWh. The fifth phase of the Ligang Power Plant (Ligang V) expansion, which includes two 1,000MW clean and efficient coal-fired units, is under construction. Additionally, the company has an energy storage capacity of 150MW/300MWh.
Green development
CITIC Pacific Energy actively developed renewable energy projects to accelerate its transformation into a greener and low-carbon business. In a joint venture, the company completed and fully connected its 1,000MW centralised wind power project in Xilingol League, Inner Mongolia, to the grid. The project boasts a cumulative power generation capacity of 1.37 billion kWh, with over 400 million kWh generated for green electricity. CITIC Pacific Energy also invested in numerous projects in coal mining and coal chemical industries, clean energy and soil improvement, as well as the German offshore wind power project, the Shandong Xinjulong coal mine project, the Xinjiang coal chemical and waste gas power generation project and the woody peat arable farmland resource utilisation project. Meanwhile, the company strengthened its environmental protection management to ensure indicator compliance with environmental protection standards, thereby reducing pollutant emissions. Ligang V expansion deepened its efforts in energy conservation, carbon reduction and the clean use of energy by upgrading its existing coal power units. These enhancements aim to boost its carbon reduction capabilities, operational flexibility and heat generation efficiency. Ligang V employs the latest ultra-supercritical power generation technology and world-leading emission reduction technology. These technologies allow it to generate sufficient power, while reaching the lowest emission levels among similar power units, reducing energy-related carbon emissions by 18.4% and air pollutants by 20%.
Business highlights
As of the end of 2024, CITIC Pacific Energy achieved a total installed power generation capacity in operation of approximately 9,601MW, with renewable energy accounting for 1,501MW, or 15.6% of the total. In 2024, the company’s total amount of power generated reached 45.2 billion kWh, with renewable energy accounting for approximately 4.2% at 1.9 billion kWh. The fifth phase of the Ligang Power Plant (Ligang V) expansion, which includes two 1,000MW clean and efficient coal-fired units, is under construction. Additionally, the company has an energy storage capacity of 150MW/300MWh.
Green development
CITIC Pacific Energy actively developed renewable energy projects to accelerate its transformation into a greener and low-carbon business. In a joint venture, the company completed and fully connected its 1,000MW centralised wind power project in Xilingol League, Inner Mongolia, to the grid. The project boasts a cumulative power generation capacity of 1.37 billion kWh, with over 400 million kWh generated for green electricity. CITIC Pacific Energy also invested in numerous projects in coal mining and coal chemical industries, clean energy and soil improvement, as well as the German offshore wind power project, the Shandong Xinjulong coal mine project, the Xinjiang coal chemical and waste gas power generation project and the woody peat arable farmland resource utilisation project. Meanwhile, the company strengthened its environmental protection management to ensure indicator compliance with environmental protection standards, thereby reducing pollutant emissions. Ligang V expansion deepened its efforts in energy conservation, carbon reduction and the clean use of energy by upgrading its existing coal power units. These enhancements aim to boost its carbon reduction capabilities, operational flexibility and heat generation efficiency. Ligang V employs the latest ultra-supercritical power generation technology and world-leading emission reduction technology. These technologies allow it to generate sufficient power, while reaching the lowest emission levels among similar power units, reducing energy-related carbon emissions by 18.4% and air pollutants by 20%.