AUEP Focus Company: CRP

Company Information

Name: China Resources Power Holdings Co Ltd (CRP)

Market: China

Installed capacity (as of2024):¹38.2 GW (thermal), 34.2 GW (non-thermal)

Climate-related targets committed:

Long-term: Achieve carbon neutrality before 2060

Medium-term:

• Reduce carbon emissions per kWh by more than 30% compared to the 2020 level by 2030  

• Increase renewable energy attributable grid-connected installed capacity by 60% by 2030  

Engagement Updates

CRP is a major independent power producer in China involved in power generation, power transmission, and other operations such as smart energy and coal mining. CRP is a subsidiary of the state-owned conglomerate China Resources Holdings.  

Engagement with CRP resumed last year, with a focus on encouraging the company to implement its decarbonisation strategy and meet other AUEP expectations, including setting climate-related targets.   

Decarbonisation Strategy 

In 2024, CRP reported spending HKD37,652 million²(≈ USD4.85 billion) on building wind and photovoltaic power plants, accounting for 70% of the company’s capital expenditure.