CECEP (China Energy Conservation and Environmental Protection Group)
- CECEP (China Energy Conservation and Environmental Protection Group)
- No. of employees
- 30,000 (2010)
- ¥4 billion net assets
China Energy Conservation and Environmental Protection Group (CECEP), formerly the China Energy Conservation and Investment Corporation (CECIC), was established by the Chinese Government in 1988 for the promotion of energy efficiency, and is the most powerful investment holding group in the fields of energy conservation and environmental protection in China.
Its remit includes technologies for environmental conservation and improvement. The company works within three main sectors: clean energy and technology, environmental protection and treatment, and energy-efficient construction.
CECEP has ten professional subsidiaries and six regional subsidiaries; its projects are located in the economically developed east and resource-rich west of China. It is responsible for the investment of ¥23 billion in national energy conservation capital construction projects and provides more than ¥30 billion local investment. It has so far completed more than 3,000 such projects.
As a state-owned enterprise, the company is entirely sponsored and owned by the central Government. The corporation has 172 wholly owned and holding subsidiaries with over 30,000 employees, and is China’s strongest, largest and most competitive industry group in its field.
By 2012, CECEP plans to reach ¥100 billion in total assets, ¥50 billion revenue and ¥5 billion profit and aims to save 12 million tons of carbon emissions annually.
CECEP’s aim is to apply the strategic prominence and strength of a government operation to catalyze the shift towards an energy saving and environmentally friendly society. The group provides products and services to public and private sectors for energy saving and environmental protection, contributing to the sustainable development of China’s national economy.
With domestic and foreign capital, technology, personnel and leadership, the development of China's energy saving and environmental protection industry will help build a low carbon China.
CECEP is vertically integrated, meaning that it owns its suppliers and can provide complete services and products such as planning, construction and operation of facilities. For industries and regions that have high-energy consumption and severe pollution, these can greatly help to reduce the environmental impact of industry. Through project management and consultation, CECEP advises industries and helps them build up a foundation of environmental awareness and responsibility.
The company works with domestic and foreign investment and expertise to develop the industry of energy conservation and environmental protection in China, to achieve emissions reduction targets and to support sustainable development. The company sees saving energy and resources while strengthening ecological protection as its core priorities; however, these are primarily pursued as opportunities for return on investment.
The development of ten low carbon industry parks in China, such as the West Lake Industry Park near Hangzhou, Zhejiang Province, demonstrates CECEP’s dedication and expertise in low carbon construction. In these parks, buildings are constructed with advanced energy-saving technology to make them as efficient and sustainable as possible. It is hoped that their construction methods will serve as beacons for others in future.
CECEP has wind power projects of a total generation capacity of 1.5 gigawatts in operation or under construction; with 8 gigawatts of total capacity planned for 2012. China's first 10 gigwatt wind power base located in Jiuquan, Gansu, was a joint investment by CECEP and is the first to be connected to the national power grid. The corporation is a vertically-integrated wind power provider, integrating resource exploration, turbine design, manufacture and construction, as well as operation and maintenance.
Through projects such as the CECEP-Suntech photovoltaic project at Shizuishan, the solar roof project at Hangzhou Industry Park and the BIPV project in Beijing-Shanghai High-Speed Rail Station, CECEP has proactively supported solar power generation as part of China’s energy mix. At present, the total installation capacity of solar energy power generation contracted and under construction by CECEP has reached 1,400 megawatts; the corporation plans to become one of the world’s largest solar power providers by 2014.