CPIC meaning in Business ?

Answer:

What is China Power Investment Corporation mean?

China Power Investment Corporation also known as CPI Group was one of the five largest state-owned electricity producers in mainland China. It was administrated by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. It was engaged in development, investment, construction, operation, and management of power plants and power generation in twenty-seven Chinese provinces. It supplies approximately ten percent of the country's electricity.

China Power Investment Corporation was the parent company of 4 listed companies, China Power International Development, China Power New Energy Development (later became joint-significant shareholder, after China Three Gorges Corporation acquired the share of that company), Shanghai Electric Power and Yuanda Environmental Protection. The group also significantly owned Jilin Electric Power.

It was merged with the State Nuclear Power Technology Corporation to form the State Power Investment Corporation in 2015.

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