on March 23, the state power investment group held its first press conference in 2026. Xu shubiao, general manager and deputy secretary of the party group of the state power investment group, introduced the development results of the 14th five-year plan, the 15th five-year plan and the key work arrangements for 2026.
during the "14th five-year plan" period, the operating income of the state power investment exceeded 400 billion yuan
Xu shubiao introduced that the "14th five-year plan" period was the first five years of China's new journey of building a modern socialist country in an all-round way, and it was also a fruitful five years for the state power investment. As of the end of the "14th Five-Year Plan", the total assets of the State Power Investment Group were 1.98 trillion yuan, an increase of 1.57 times; operating income exceeded 400 billion yuan, doubling; total profits exceeded 50 billion yuan, an increase of 3 times, and it has been evaluated by the State-owned Assets Supervision and Administration Commission of the State Council. China has maintained A level for ten consecutive years, and key efficiency indicators such as return on net assets and labor productivity have maintained industry leadership.
The role of the "main force" of energy central enterprises is more prominent. The State Power Investment Group continued to increase investment in the energy sector. During the "14th Five-Year Plan" period, a total of 829.7 billion yuan was invested to build a number of major energy infrastructure projects such as the Yellow River Yangqu Hydropower, Jiangsu Binhai Coal Power, and Shandong Haiyang Nuclear Power. The energy supply capacity continued to improve. By the end of 2025, the group's total installed capacity will reach 0.287 billion kilowatts, an increase of 63.1 percent over the beginning of the 14th five-year Plan, and its annual power generation will exceed 740 billion kilowatt-hours, an increase of about 33 percent over 2020. The heating area is about 0.5 billion square meters, benefiting 13.6 million people and covering 8 provinces.
Photovoltaic, new energy, clean energy installed capacity to maintain the world's first. By the end of 2025, the scale of clean energy of the State Power Investment Group will exceed 0.23 billion kilowatts, and the installed capacity of clean energy will account for 74%, an increase of 18 percentage points from the beginning of the 14th Five-Year Plan. The scale of offshore wind power ranks among the top in China, and nuclear power forms a ladder development pattern, with the installed capacity in the plan accounting for about 1/3 of the national total plan.
In addition, the State Power Investment Group actively participates in the high-quality joint construction of "the belt and road initiative". Overseas projects cover 25 countries and regions, with an installed capacity of 13.12 million kilowatts and 76% of clean energy, providing the world with clean energy "China Plan". The State Power Investment Group insists on putting ecological and environmental protection in a more prominent strategic position, vigorously promotes the transformation and upgrading of the traditional coal power industry, accelerates the elimination of outdated production capacity, and continues to amplify the advantages of green development. Since the "double carbon" goal was put forward, the cumulative carbon reduction has exceeded 1.4 billion tons.
Fully grasp the third-generation non-active nuclear power technology with completely independent intellectual property rights
Xu Shubiao introduced that the State Power Investment Group has vigorously promoted technological innovation in key fields such as nuclear energy, photovoltaic, wind power, and hydrogen energy. After 18 years of hard work, it has fully mastered the third-generation non-active nuclear power technology with completely independent intellectual property rights, the "Guohe No.1" nuclear power plant, which has been put into commercial operation, meets the highest international standards. It is a large-scale non-active nuclear power plant with the most advanced technology, the safest, the largest single unit power and superior economy in the world. This marks that China is at the forefront of the mainstream nuclear power track in the world. After 10 years of tackling tough problems, the technical performance indexes of the first prototype of the 300 MW class F-class heavy gas turbine independently developed have reached the international mainstream F-class gas turbine level, and basically have the conditions for industrialization. During the "14th Five-Year Plan" period, the State Power Investment actively explored the layout of the integration of the development of new business, in Jilin Da'an development and construction of the scenery of green hydrogen synthetic ammonia integration project, access to the world's first green ammonia certification.
plans to invest 200 billion yuan in 2026, up 17% year-on-year
Xu shubiao introduced that 2026 is the first year of the 15th five-year plan. in the new development pattern of domestic and international double cycles, the state power investment group actively implements the state's expansion of effective investment deployment, highlights effective investment orientation, and plans to invest 200 billion yuan for the whole year, year-on-year growth of 17%. Among them, the investment of 23 billion billion yuan will be completed in the first quarter, achieving a year-on-year increase of 35%, and giving full play to the leading role of backbone energy central enterprises.
In view of the pain points of the construction of the new power system regulation capacity, the State Power Investment Group has carried out demonstration and application verification of new technologies such as consumer side, green hydrogen-based energy, new energy storage, and network construction, and actively cultivated new quality productivity. Accelerate the iterative and industrial development of 300 MW class F gas turbine products.
The State Power Investment Group will also accelerate the promotion of industrial upgrading and kinetic energy conversion, adhere to the direction of intelligence, greening, and integration, vigorously promote the construction of modern infrastructure, and comprehensively promote the batch construction of "Guohe No. 1" Vigorously obtain large bases, high-quality land breeze and sea breeze resources, develop coal power and photovoltaics according to local conditions, and accelerate the opening of the aluminum industry chain value chain.
Xu Shubiao introduced that the State Power Investment Group will closely focus on the deployment requirements of building a unified national market and a new energy system, accelerate the construction of a management and control system that meets the needs of current and future development, and promote industrial specialization and regional integration., Asset capitalization, management penetration, authorization differentiation, to ensure new vitality, high efficiency, and a broad space for high-quality development.