| 2005 | 2006
Significant Events in 2006
On January 20th, the restructured
plan on shareholders of the Tianchuang Property Limited Corporation
belonging to the company was approved by State-owned Assets Supervision
and Administration Commission of Beijing Municipal Government
and passed the checking of the related shareholders' meeting of
On January 21st, No.2 machine
set of Daihai Power Station passed the test of 168 hours began
to be put into use. By then the first Stage Project including
2x60 MW machine set project and 1500MW transfusion route project
of Daihai Power Plant belonging to Beijing Energy and Resource
Limited Corporation were completed thoroughly, entering running
On January 29th, the Second Period
Project 2x300MW thermal power machine set of Hebei Sanhe Power
Plant gained the formal approval of National Development and Reform
On February 18th, the GROUP was
named ”°the perfect enterprise in the electric industry all over
China ”± by Chinese Power Enterprise Union.
On February 24th, the company
held a summery conference on double choice for common managing
posts in headquarters, which lasted about two months from designing
”¢ forming to carrying out.
On March 1st, the second period
project of Hebei Sanhe Power Plant held a solemn start ceremony
in Yanjiao Development Area. The vice-dean of National Development
and Reform Committee, Zhang Guobao, President of Hebei Province
Government, Ji Runshi, the vice-major of Beijing Municipal Government,
Zhang Mao and other leaders were present on the start ceremony.
On March 15th, the reforming plan
was approved by State-owned Assets Supervision and Administration
Commission of Beijing Municipal Government and was checked and
passed by the related shareholders of the GROUP on shareholders
of Beijing Jingneng Thermal Power limited corporation controlled
by the GROUP.
In March, Beijing Energy Investment
Company purchased 51% shares of Beijing Jiajie Boda Motor Car
limited Company; the GROUP entered a new region of energy.
On May 15th, the 2x300MW engineering
project of Shanxi Zhangshan generating electricity limited company
controlled by the GROUP passed the checking and evaluating of
”°Chinese Power Perfect Projects”± aroused by Chinese Power Association,
ranked the top level of ”°Chinese Power Excellent Project”±
On May 19th, the celebration ceremony
of JINGNENG GROUP Financial Limited Corporation was held in Beijing
followed by a news release, which indicated the first financial
company of State-owned Assets Supervision and Administration Commission
of Beijing Municipal Government started to function formally,
suggesting the GROUP developed greatly in creating merge methods
and connecting the producing and merging.
In June, the GROUP finished the
purchase of 34% shares of Dalian Zhuanghe Generating Electricity
Limited Company of Guodian Power Company, becoming the second
shareholders of the company. During which two 600MW overlimited
coal-burnt motivators were planned to make electricity by the
end of 2007.
On June 28 th , Shangxi Zhangshan
Generating Electricity Limited Corporation controlled by the GROUP
gained the glory of ”°Leading Enterprise in Power Information Region”±
awarded by Technology Service Center of Chinese Power Enterprise
Union. Development Research Institute of Power Information Industry
”¢ Chinese Information Development Union jointly.
On July 30th, Zhai Hongxiang,
the executive vice-major of Beijing Municipal Government ”¢ Xiong
Daxin, the dean of State-owned Assets Supervision and Administration
Commission of Beijing Municipal Government ”¢ Zhang Fengchao, secretary
of the Party Committee of Beijing Government and other leaders
of State-owned Assets Supervision and Administration Commission
of Beijing Municipal Government inspected the Daihai Generating
Electricity Limited Corporation and Daihai Protection Construction
and Development Limited Corporation in Inner Mongolia.
On August 25th, the two 600MW
machines set on first stage project of Shangdu Power Plant in
Inner Mongolia passed the 168 hours test was put into use form
On August 28 th , the newly-built
railway from Yimin to Yiershi started to be built completely in
the Hubutegai Tunnel.
In September, the company toped
142 in the 500 strong of Chinese Service Enterprises chosen by
Chinese Enterprise Union ”¢ toped 91 in the 200 strong of Chinese
Enterprise Efficiency and 195 of the 200 strong of the Chinese
Paying Taxes Enterprises
On September 6th, the city vice-
secretary Du Deyin ”¢ the communist secretary of the Municipal
State Resource Committee Zhang Fengchao, the City Deputy Secretary-general
Zhang Qing, vice- director of State-owned Assets Supervision and
Administration Commission of Beijing Municipal Government, Shen
Rubing, Gong Li and others went to the GROUP to inspect the owner-managing
structure and the operating system.
On September 14th, the GROUP issued
2 billion dollar margin coupon successfully.
On September 20th, the 2 ”Į 135
MW Newly-set up Engineering Project belonging to Inner Mongolia
Chifeng Meiganshi Power Plant was permitted by National Development
and Reform Committee.
On October11th, Jingneng 100MW
Wind Power CDM Project belonging to Huitengxile of Inner Mongolia
was approved by National Development and Reform Committee.
In October, the first period project
of Zhangshan Generating Electricity Company was praised as ”°Chinese
Excellent Project Prize in 2006”± by Judging Committee of National
Engineering Construction Quality Prize, only seven generating
electricity enterprises in the whole country have got this unusual
In other investment fields, BEIC
owns the two largest venture investment companies, with its venture
investment capacity ranking 1 st in Beijing and 3 rd in the whole
country; it involves in active development of new energies and
renewable energies. It has investment in the largest geothermal
development company in the country; it has Grade A real estate
development qualification and Tianchuang Property (600790). Its
annual development capacity amounts to more than 1 million square
meters; it is the second largest shareholder of Bank of Beijing,
Beijing International Trust and Investment Corporation Limited
and Beijing Securities Co., Ltd.
With the development of the economy
and the guarantee of the power supply of Beijing as its own responsibility,
Jingneng Group takes the ”°economic benefit as focus, market demand
as orientation, and energy safety supply as goal”±. Through deepening
reform, innovation and development, and constantly improving its
own operation and management as well as economic strength, the
group makes efforts to build it into an international standard
and modern large group company. Jingneng Group would like to cooperate
with people of all walks, and make positive contributions to the
development of Beijing 's energy industry and the realization
of the strategic concept of ”°New Beijing, Great Olympics”±.