A brief history of POWERCHINA during the past 40 years of development
At the end of the 1950s, POWERCHINA's subsidiaries actively followed the country's diplomatic strategy and worked endlessly to develop foreign economic aid projects.
In the 1980s, HydroChina Corporation, a subsidiary of POWERCHINA, obtained the necessary documents for foreign economic and technological cooperation issued by the relevant departments of the Chinese government.
Sinohydro Group Ltd, another subsidiary of POWERCHINA, obtained foreign trade rights on April 10, 1993, which meant that POWERCHINA could officially open its doors to international business by undertaking engineering projects and exporting the necessary equipment and labor.
In 2000, Sinohydro proposed "four unities" in international operations. They include: unified management of foreign business operations, unified allocation of foreign operational resources, unified use of the CWNEC brand, and unified management and control of foreign cooperation.
Since 2004, POWERCHINA has undertaken a number of thermal power, hydropower, solar photovoltaic and wind power generation projects. The total combined installation capacity of all the projects has reached 108 million kilowatts.
In 2006, Sinohydro proposed an international business development strategy in which it would build its own international business development platform and constantly improve the international business system.
In order to integrate the internal management resources of POWERCHINA, Sinohydro proposed an internationalization strategy in 2009.
By the end of 2010, POWERCHINA had 69 overseas agencies in 53 countries and regions around the world, and had 261 projects underway in 57 countries. This global presence helped spur the company's internationalization and industrial development.
After being approved by the State Council, POWERCHINA was formally established in 2011 as a wholly state-owned company consisting of 105 subsidiaries.
POWERCHINA began restructuring its international operations on March 10, 2016. It merged its Overseas Business Department, Sinohydro Corporation and HydroChina Corporation to form POWERCHINA Int'l.
In 2018, POWERCHINA ranked 6th and 10th on the ENR (Engineering News-Record) Top 250 Global Contractors and Top 250 International Contractors lists, making it the top power company in the world.