China Electricity Council: SEP Running Full Steam to Aid SPIC's 'Corner Overtaking'

Recently, SEP held a symposium of main leaders within the company, and drew up new plans for the coming year's development on the basis of summarizing results, dissecting problems and analyzing situation.

 

In 2016, due to the impact of macroeconomic situation, SEP's production and operation were confronted with a series of severe challenges such as falling electricity output, power tariff cuts and spiking coal prices. Nevertheless, the whole staff of the company kept in mind SPIC's general objective of "Corner Overtaking", continued to carry forward "Three Thousands" hardworking spirit to walk thousands of miles, tackled formidable headwinds, exhausted all efforts to increase profits, resorted to ultra-clean emission rehabilitation, service and new energy business growth as well as strengthening overseas asset management in the accomplishment of value creation despite enormous difficulties, and endeavored to enhance net profit attributable to the parent company. Meanwhile, the successful acquisition of the Pakistan's K-Electric (KE) marks the company's solid step in "multinational operation" and the initial shaping of "global regional organizational structure".

 

In the next stage, the company will continue to follow the five concepts of "innovation, coordination, green development, opening-up and sharing", further reinforce its Party committee's ability to control the overall situation and the decision-making capacity of the board of directors, take the opportunity of SPIC's "Breakthrough Year", focus closely on SPIC's vision to "build an innovative, international, integrated energy group and modern SOE with outstanding core competitiveness" and the general objective of "corner overtaking", take SPIC's "Three Optimizations and Three Improvements" in deepening reform as the driving force, appreciate the situation, adapt to the trend, and realize value creation, adhere to the principle of "increasing profit, focusing on development, and promoting harmony", and make every effort to achieve the targets set by SPIC. Moreover, the company will further consolidate the concept of "Safety first", build up a solid foundation of work safety, improve the existing business with lean management while expanding incremental business with value creation, realize innovative development, transformation and upgrading, and position itself as a "pioneer" of SPIC by achieving the grand vision of "building another SEP overseas by 2020", in order to greet the opening of the 19th CPC National Congress with outstanding results.

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