Shanghai Electric Power & Energy Development

From Global Energy Monitor

Shanghai Electric Power & Energy Development is the parent company of Shanghai Electric Australia Power & Energy Development, an unlisted company registered in Australia to develop a brown coal project in Victoria, Australia. The ultimate owner of Shanghai Electric Power & Energy Development is China Power Investment Corporation, one of the largest state-owned Chinese power companies.

Shanghai Electric Australia Power & Energy Development

In September 2012 the then Victorian Premier, Ted Baillieu, met with senior officials from Shanghai Electric Power and Han Zheng -the Deputy Party Secretary and Mayor in Shanghai at Hengshan Hotel "to boost the Sino-Australia project cooperation on upgrading and moulding of lignite."[1] Shanghai Electric Power does not provide details of Shanghai Electric Power & Energy Development on its website, it states that it is "one of the major listed companies of China Power Investment Corporation."[2]

Shanghai Electric Australia Power & Energy Development was registered with the Australian Securities and Investment Commission (ASIC) on November 16, 2012.[3]

Of the 1 million shares, 95% have been allocated to Shanghai Electric Power & Energy Development, the direct parent company, with the remaining five per cent allocated to the Shanghai Pacific Power Pty Ltd, a company registered in Australia in October 2010. Shanghai Pacific Power is a small Australian registered company with 9,000 $1 shares issued with 51% owned by Allan Farrar, who is also company secretary of Shanghai Electric Australia Power & Energy Development.[4]

In its application for registration as an Australian company, Shanghai Electric Australia Power & Energy Development states that its ultimate holding company is China Power Investment Corporation.[5] (See Shanghai Electric Australia Power & Energy Development for more details on the proposed Australian operation.)

Contact details[6]

Shanghai Electric Power & Energy Development
Room 1701 (153)
17/f Henan Building
No 90 Jaffe Road
Wanchai, Hong Kong, China

Articles and resources

References

  1. Shanghai Electric Power, "The leaders of Shanghai Electric Power accompanied the mayor - Han Zheng to meet with the government delegation from the State of Victoria in Australia", Shanghai Electric Power website, September 21, 2012.
  2. Shanghai Electric Power, "Corporate Profile", Shanghai Electric Power website, accessed May 2014.
  3. "Shanghai Electric Australia Power & Energy Development", Australian Securities and Investment Commission website, accessed August 7, 2013.
  4. Shanghai Pacific Power, “Current & Historical Company Extract”, Australian Securities and Investment Commission, September 6, 2013, page 2.
  5. Shanghai Electric Australia Power & Energy Development, "Shanghai Electric Australia Power & Energy Development Application for Registration as a Proprietary Company", Australian Securities & Investment Commission, as November 16, 2012, page 4.
  6. Shanghai Electric Australia Power & Energy Development, "Shanghai Electric Australia Power & Energy Development Application for Registration as a Proprietary Company", Australian Securities & Investment Commission, as November 16, 2012, page 2.

Related SourceWatch articles

External resources

External articles