Cao Peixi: China Huangeng Corporation Chairman

Cao Peixi is not a familiar name to many. He holds a degree in electrical engineering from Shandong University. Cao also earned a post graduate degree of master engineering issued by the Party School of the Central Committee and is a researcher-level senior engineer.

He was previously the Vice President and President of China Huadian Corporation and Chairman of Huadian Power International Corporation Limited.  Cao is currently the Chairman of China Huaneng Group. He is also the President of Huangeng Group and Chairman of HIPDC and Huaneng Renewables Co., Ltd.

China Huaneng Group Corporations is one of the five largest state-owned electric utility enterprises in China. It is administered by the State Council of the People’s Republic of China, engaging in the investment, construction, operation and management of power generation assets and the production and sales of electricity power. The company was founded in 1985 and has headquarters in Beijing.

The firm handles the interest of the national government in 10 subsidiaries, including a 51 percent stake in Huaneng Power International. Through its subsidiaries it develops and operates more than 85 thermal and hydropower plants.

Ranked in global terms Cao carries a lot responsibilities, Fortune magazine ranges China Huaneng Group as one of the largest corporations in the world.