(Yicai) Jan. 23 -- Liu Mingsheng has been appointed as the new chairman of State Power Investment Corporation, nearly two years after he left the Chinese state-owned electricity generation giant.

Liu will replace Qian Zhiming, who resigned after a six-year tenure two months ago, as chairman of SPIC and no longer serve as director and general manager at China Datang, another state-owned power firm, Beijing-based SPIC announced on its website yesterday.

Liu, 54, joined SPIC’s predecessor China Power Investment in 2007 and continued working for the company also after it merged with State Nuclear Power Technology to become SPIC in 2015. He was promoted to SPIC’s deputy GM in 2019. In May 2022, Liu left SPIC to join China Datang.

SPIC had CNY1.76 trillion (USD244.7 billion) worth of assets and a total installed capacity of 245 million kilowatts as of Nov. 30 last year. The company was the world’s largest clean power generator, as its installed capacity of clean energies, including photovoltaic, wind, and nuclear power, accounted for as much as 71 percent of the total.

SPIC will continue to enhance the development of clean energies while promoting new technologies, including nuclear heat, hydrogen energy, and carbon-capture utilization and storage, to help China realize the targets of reaching carbon dioxide emission peak by 2030 and being carbon-neutral by 2060, Liu said in 2021.

Editors: Dou Shicong, Futura Costaglione