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Shandong Energy Group launches Opening Ceremony

 

The Opening Ceremony

 

Jinan, March 21 - The grand opening of the Shandong Energy Group Co., Ltd. is launched in Jinan. The Party Secretary of CPC Shandong Provincial Committee and Director of the Shandong Provincial People's Congress Jiang Yikang, and the Deputy Party Secretary of CPC Shandong Provincial Committee and Governor of Shandong Jiang Daming attended the ceremony and unveiled the plague for Shandong Energy Group Co., Ltd.

Shandong Energy Group is a provincial level wholly state-owned company restructured from six companies, Xinwen Mining Group Co., Ltd., Zaozhuang Mining (Group) Co., Ltd., Zibo Mining Group Co., Ltd., Feicheng Mining Group Co., Ltd, Linyi Mining Group Co., Ltd. and Longkou Mining Group Co., Ltd. Incorporated on December 16, 2010 with registered capital of 10 billion yuan, the Company currently has 230,000 employees and total assets of 167.3 billion yuan, ranking 75 of China top 500 enterprises. The Company is headquartered in Jinan. This is the biggest reorganization of corporate assets managed by the Provincial Government and yet another major achievement in implementing the Big Groups Strategy after the successful restructuring of Shandong Iron and Steel Group, Shandong Heavy Industry Group, Shandong Marine Investment Corporation, and Taishan Property Insurance Company.

Mr. Jiang Daming dedicated a speech at the opening ceremony. He said that as Shandong consumes large quantities of traditional energies, especially coal, the coal industry plays an important role in supporting the province's economic and social development. Upsizing, increase in scale and intensification are the trend and the way to success in the reform and development of the coal industry. The foundation of the Energy Group is the right choice made to keep up with the industrial trend, as well as an important move towards an accelerated change for a better economic development pattern catering to the need of enhancing the resource development capability and market competitiveness of the companies in Shandong. This is bound to have great and far-reaching significance in consolidating the province's position in the national energy strategy, creating new advantages for economic development, and promoting fast and sound economic and social development of Shandong.

According to Mr. Jiang Daming’s instruction, Shandong Energy Group should work towards the goal of building an international, modern and large-scale energy company, which, while consolidating the development of traditional energies such as coal, also focuses on wind, nuclear, solar, biomass and other green energies to achieve the balance of economic efficiency and social and ecological benefits. Efforts should also be put in vigorously developing energy equipment manufacturing industry, improving the equipment of the energy industry, and developing modern services associated with the integration of the energy industry and equipment manufacturing to enhance the Company’s overall strength. The Company should establish a world vision and, by using the “two markets” and “two resources” at home and abroad, actively participate in the development and cooperation of international energy resources on a higher level across a broader spectrum. Meanwhile, a modern enterprise system and an improved corporate governance structure should be built and the corporate culture should be enhanced to increase the Company’s vitality. Talents should be considered a strategically important factor, and independent innovation should be promoted to put the Company on the track of development driven by innovation. The Company should fulfill the social responsibilities of a state-owned enterprise, focus on energy conservation and efficiency and adhere to the safe and efficient, green, low-carbon development while establishing a good image of an outstanding energy company.

According to Mr. Bu Changsen, Chairman and General Manager of Shandong Energy Group, the Company will be depending on coal while seeking modest diversity by developing wind, solar, biomass and other new energies on the basis of coal, electricity, oil and gas. The goal is to enter Fortune 500 with doubled major economic indicators as a result of hard work and innovations during the “Twelfth Five Year Plan”.

The meeting was chaired by the member of the Standing Committee of the CPC Shandong Provincial Committee and Executive Vice Governor Wang Renyuan, and attended by the member of the Standing Committee of the CPC Shandong Provincial Committee and Secretary-General Wang Min, the member of the Standing Committee of the CPC Shandong Provincial Committee and Party Secretary of the Provincial Commission for Discipline Inspection Li Faquan, Deputy Director of the Provincial People's Congress Bao Zhiqiang, Vice Chairman of the CPPCC Shandong Provincial Committee Qi Naigui, and Vice President of China Coal Industry Association Zhao Anqing.

 

 

Jiang Yikang and Jiang Daming unveil the plaque for Shandong Energy Group.

 

 

Jiang Yikang is on the meeting.

 

 

Jiang Daming is delivering a speech.

 

 

Zhao Anqing is giving a speech.

 

 

Wang Min is on the meeting.

 

 

Li Faquan is on the meeting.

 

 

Bao Zhiqiang is on the meeting.

 

 

Qi Naigui is on the meeting.

 

 

Tan Chengyi is introducing the foundation of Shandong Energy Group.

 

 

Bu Changsen is delivering a speech.