On January 27, Shanghai Shendian Green Power Technology Development Co., Ltd. (hereinafter referred to as “Green Power Technology”) was inaugurated and the signing ceremony of power generation system renovation project was held under the witness of Wu Qing, member of the Standing Committee of CPC Shanghai Municipal Committee and Executive Vice Mayor of Shanghai. Hua Yuan, Deputy Secretary General of Shanghai Municipal Government, Secretary of Leading Party Members’ Group and Director of Shanghai Municipal Development and Reform Commission and Director of Yangtze River Delta Regional Cooperation Office, presided over the meeting. Leng Weiqing, Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Electric Group, and Huang Dinan, Secretary of the Party Committee and Chairman of the Board of Directors of Shenergy Group, attended the meeting.

Green Power Technology is held by Shenergy Group, and jointly funded by Shenergy Group and Shanghai Electric. After its establishment, the company will be engaged in the promotion of high-temperature subcritical technology. It will give full play to Shanghai Electric’s advantages in industrial manufacturing and Shenergy Group’s proprietary technology integration and innovation, to serve the coal-fired power upgrade and transformation across the country with “Shanghai strength”.

The clean and efficient use of coal-fired power is an inevitable choice for China’s transition to a low-carbon economy, as well as the most economical and important means of large-scale peak regulation of renewable energy at the current stage. China’s existing installed coal power generation capacity is about 1.08 billion kilowatts, of which about 365 million kilowatts are sub-critical coal-fired power generators with high coal consumption and poor flexibility. It is of great strategic importance for China’s low-carbon energy transformation to make these generators more efficient, cleaner and more flexible.

Shanghai has always embraced comprehensive advantages in coal-fired power generation technology and equipment services. As one of the three major power generation system manufacturers in China, Shanghai Electric has produced about one-third of the main equipment of sub-critical power generation systems and undertaken the upgrade of many generation systems in China. It is transforming into a comprehensive system integrator and renovator. Shenergy Group focuses on the integrated innovation of science and technology in the field of power generation. Its Shanghai Waigaoqiao No.3 Power Plant has been a world leader in coal consumption rate for power supply, having been rated by the International Energy Agency Clean Coal Center (IEACCC) as the cleanest thermal power plant in the world. The “Shanghai solution” is dedicated to the clean and efficient use of coal-fired power by coordinating the resources of Shanghai Electric, Shenergy Group and other state-owned enterprises in professional technology, financial services and equipment support, and integrating their expertise in design, manufacturing, construction and finance. It is the first “one-stop” comprehensive service solution tailored to serve the upgrading of coal-fired power generation systems and the green transformation of coal-fired power in China.

Focusing on the three goals of “promoting high-quality development of coal-fired power, creating a new state-owned brand and strengthening the energy equipment industry”, Green Power Technology will give full play to Shanghai’s scientific and technological advantages in energy utilization, and actively cooperate with SPIC, Huaneng and other major central enterprises in power generation to create the “Shanghai standards”, build the “Shanghai brand”, and continuously amplify the spillover effect of “Shanghai solutions”, thus to serve the technological upgrading and green transformation of coal-fired power enterprises in China.

Leng Weiqing said at the unveiling ceremony that Shanghai Electric, as one of the most important equipment manufacturing groups in China, has a 120-year history of industrial practices as well as strong manufacturing capacity and systematic integration capability. With global leading technology, clean, efficient, advanced and energy-saving coal-fired power equipment is the traditional competitive business of Shanghai Electric. In the new energy development pattern integrating wind energy, photovoltaic energy, hydrogen energy and energy storage, Shanghai Electric is confident to build itself into a group for smart energy and power equipment in the new era with a focus on efficient clean energy, new energy and industrial drive. The Group also has the confidence, ability and conditions to work together with Shenergy Group to create the “Shanghai solution”. It will contribute its wisdom and strength to become a pioneer in the achievement of carbon peaking and carbon neutrality goals, a leader in the development of new energy equipment, and a main force in the independent production of high-end equipment, so as to firmly follow the path of high-quality development. Shanghai Electric will shoulder the responsibility to achieve the country’s carbon peaking and carbon neutrality goals, strive to promote the upgrading of coal-fired power generation systems, support the development of Green Power Technology, help to build high-quality demonstration projects, and serve the carbon peaking and carbon neutrality goals with the “Shanghai solution”.

At the ceremony, Green Power Technology signed cooperation framework agreements with Baostell., Shanghai Wujing No.2 Power Plant under Shenergy Group, and SPIC, respectively. The leaders of Shanghai Municipal Development and Reform Commission, Shanghai Municipal State-owned Assets Supervision and Administration Commission, Shanghai Municipal Comission of Economy and Information Technology, East China Energy Regulatory Bureau, Shanghai Local Financial Supervision Bureau, Shanghai Electric, Shenergy Group, Baosteel and Shanghai Electric Power were present.