The separation of power grid auxiliary industries will be carried out together with the reorganization of the four major power auxiliary industry groups directly supervised by SASAC. According to the previously disclosed plan, China Power Engineering Consulting Group and Gezhouba Group will be reorganized into China Power Engineering Group; Hydropower Consulting Engineering Group and Water Conservancy and Hydropower Construction Group will form China Electric Power Construction Group. Among them, the CLP project that Gezhouba Group is expected to marry is an out-and-out "rich woman" because its account has about 7 billion yuan in cash.
The National Development and Reform Commission (NDRC) originally planned to complete the separation reform of main and auxiliary networks in 20 10, and finally officially started. A few days ago, the reporter learned from State Grid Corporation that one of the key tasks of the company in 201011year was to promote the reform of separation of main and auxiliary parts, and its related scheme has been approved by the State Council.
The separation of power grid auxiliary industries is likely to go hand in hand with the reorganization of the four auxiliary power groups, and Gezhouba Group, the parent company of listed company Gezhouba, is expected to merge with China Power Engineering Consulting Group (hereinafter referred to as "China Power Investment Corporation"). According to our reporter's understanding, the cash in the deposit account of CLP has reached about 7 billion yuan over the years, and the merger of Gezhouba Group and it is tantamount to marrying a "rich woman".
These two new groups will have their own emphases.
According to the reporter's understanding, the separation of auxiliary industries of power grid will be carried out together with the reorganization of China Electric Power Engineering Consulting Group, Gezhouba Group, Hydropower Consulting Engineering Group and Water Conservancy and Hydropower Construction Group directly supervised by SASAC: the first two groups will be reorganized into China Electric Power Engineering Group and the last two will be reorganized into China Electric Power Construction Group.
In addition, about 30 provincial-level power grid survey and design, hydropower, thermal power, power transmission and transformation construction enterprises and maintenance enterprises of the two major power grid companies of State Grid and China Southern Power Grid will be divided into two new groups, eventually forming two comprehensive power construction groups with equal strength. China Electric Power Engineering Consulting Group and Hydropower Engineering Consulting Group are two major power design units. The former is the "overlord" in the field of thermal power engineering design, with six electric power design institutes in Northeast China, East China, Central South China, Northwest China, Southwest China and North China. The latter is the "boss" in the field of hydropower engineering design, with seven survey and design institutes in Beijing, East China, Northwest China, Central South China, Chengdu, Guiyang and Kunming. Gezhouba Group and Water Conservancy and Hydropower Construction Group are also two giants in the field of hydropower construction in China. The marriage of these four companies will create two power giants, each with its own emphasis, one is thermal power and the other is hydropower.
Relevant persons of the State-owned Assets Supervision and Administration Commission believe that through the optimization and reorganization of power design and construction enterprises, the Central Power Construction Group with strong international competitiveness can be cultivated. Moreover, this restructuring model also meets the development requirements of the international general contracting business model, conforms to the current situation of central enterprises, takes into account the needs of power system reform and central enterprise restructuring, avoids secondary restructuring, and reduces the resistance to reform. An insider of CLP Engineering told the reporter, "Originally, we considered splitting our six design institutes into two, and later it was changed to the whole group transfer. What the country means is that it hopes that the two new big groups will have different developments and do not fight with each other when dealing with foreign project contracting. "
On may 27th, 20 10, the State Council approved the opinions of the national development and reform commission on the key work of deepening economic system reform in 20 10, which clearly stated: complete the separation reform of power grid enterprises. However, due to the complexity of the separation of the main and auxiliary networks and the reorganization with the four major power auxiliary groups, the work progress is slow.
From what our reporter has learned, some middle and senior managers of these four auxiliary groups already know the basic framework of reorganization. However, due to the complexity of the reorganization of central enterprises, the progress is very slow. At present, all parties still operate independently as original independent legal persons.
Regarding the latest progress of restructuring, our reporter called Wang Jianping, general manager of CLP Engineering, and Wang Jianping refused the interview on the grounds that "it is not convenient to tell you this". Gezhouba group and water conservancy and hydropower construction group are reorganized, and their assets are expected to double. Taking the latter as an example, by the end of 2009, the total assets of the water conservancy and hydropower construction group reached 654.38+0022 billion yuan, and the net assets reached 654.38+056 billion yuan, with 6543.8+08 wholly-owned subsidiaries, 9 holding companies and 2 shareholding companies in various regions of the country. The insiders believe that the net assets of the restructured China Power Construction Group are expected to reach about 30 billion yuan.
As far as Gezhouba Group is concerned, not to mention the auxiliary assets that will be transferred to more than a dozen network companies, even the CLP project it married is a real "rich woman". A person from CLP revealed to this reporter, "The cash in the company's account is about 7 billion yuan, which may be more than that of State Grid Corporation. Because we are a design unit, we don't have much investment in fixed assets. Over the years, we have deposited a lot of cash in our operations and have no investment channels. In the face of the assessment of the SASAC, there is pressure to preserve and increase value, but the company is worried about such a large sum of money. "
The above-mentioned people believe that Gezhouba Group has a large number of projects that need funds, which just complements the advantages of CLP Engineering. "For example, Gezhouba has a real estate business and needs a lot of money. Gezhouba also has a large number of investment talents to increase the value of assets. And we have money, and the two sides just complement each other. "
Gezhouba Group successfully listed its main business assets in September 2007. The three main businesses of Gezhouba, a listed company, are: construction engineering and related engineering technology research, survey design and service, hydropower investment, construction and operation, and real estate development and operation. Around the three main businesses, an industrial chain with six closely linked and coordinated development sectors, namely, construction, expressway operation, cement production, civil explosion, real estate and finance, has been formed.
It can be seen that Gezhouba is close to a comprehensive investment holding company, especially the real estate development business is developing rapidly. It is one of the 16 central enterprises with real estate as their main business as determined by the State Council SASAC, with thousands of acres of real estate land reserves. Gezhouba Building in Pudong, Shanghai, Gezhouba International Plaza in Wuhan, the tallest building in Central China, Gezhouba Century Garden in Wuhan, and Splendid World in Yichang, etc., have been or are being built or sold.
China Power Investment Corporation is a high-quality asset with strong profitability, and it is the vanguard and "national team" of China electric power survey and design industry. It has domestic leading advantages in the frontier technologies of survey and design such as nuclear power conventional island, clean coal power generation, UHV AC /DC power transmission and transformation. Completed the survey and design of a large number of domestic power generation projects and power transmission and transformation projects, and undertook more than 200 power projects in more than a dozen countries. The design unit is a typical "fat pig" enterprise, with less investment in fixed assets, rich profits, low asset-liability ratio and high return on net assets.