Who are the financiers and investors behind the global coal plant pipeline?
In cooperation with Banktrack, Les Amis de la Terre, RAN and Re:Common, Urgewald also regularly publishes research that identifies which financial institutions are backing the world’s top coal plant developers. Our finance database provides an overview of bond and shareholdings by institutional investors in these companies as well as loans and investment banking services provided to these companies by commercial banks.
Please note: Our finance database was last compiled in November 2018 (Media Briefing: Financiers of Coal Plant Developers, December 2018). A new and expanded update will be published in December 2019.
BlackRock
USA
| Company | Country of HQ | Shareholding (Mio $) | Bondholding (Mio $) | Total (Mio $) Sort ascending |
|---|---|---|---|---|
| RWE | Germany | 1.744,56 | 298,66 | 2.043,23 |
| POSCO | South Korea | 1.433,17 | 3,80 | 1.436,98 |
| CLP Group | Hong Kong | 1.274,61 | 1,70 | 1.276,31 |
| Marubeni Corporation | Japan | 794,14 | 0,20 | 794,34 |
| China Energy Investment Corporation | China | 760,31 | 0,80 | 761,11 |
| First Quantum Minerals | Canada | 472,01 | 127,93 | 599,94 |
| Tenaga Nasional Berhad (TNB) | Malaysia | 360,59 | 0,80 | 361,39 |
| NTPC | India | 324,30 | 8,04 | 332,34 |
| China Huaneng Group | China | 301,68 | 19,77 | 321,45 |
| Uniper | Germany | 265,29 | 265,29 | |
| Eskom Holdings | South Africa | 252,07 | 252,07 | |
| Korea Electric Power Corporation (KEPCO) | South Korea | 214,65 | 18,04 | 232,68 |
| Chubu Electric Power | Japan | 214,17 | 214,17 | |
| Adani Group | India | 100,90 | 69,84 | 170,73 |
| Tokyo Electric Power Company (TEPCO) | Japan | 159,47 | 159,47 | |
| CEZ | Czech Republic | 143,37 | 2,40 | 145,76 |
| Perusahaan Listrik Negara (PLN Persero) | Indonesia | 123,64 | 123,64 | |
| Jindal Steel & Power (JSPL) | India | 121,17 | 121,17 | |
| Kyushu Electric Power | Japan | 110,01 | 3,52 | 113,53 |
| Ayala Corporation | Philippines | 112,84 | 112,84 | |
| China Resources | Hong Kong | 102,74 | 102,74 | |
| Aboitiz Power | Philippines | 102,62 | 102,62 | |
| Chugoku Electric Power | Japan | 88,38 | 4,87 | 93,25 |
| J-POWER (Electric Power Development Company) | Japan | 92,87 | 92,87 | |
| Inter RAO | Russia | 79,46 | 79,46 | |
| JG Summit Holdings | Philippines | 74,06 | 1,30 | 75,36 |
| Power Finance Corporation | India | 12,88 | 55,81 | 68,68 |
| Polska Grupa Energetyczna (PGE) | Poland | 62,12 | 5,46 | 67,58 |
| China Huadian Corporation | China | 63,62 | 63,62 | |
| Adaro | Indonesia | 48,92 | 48,92 | |
| PowerChina (Power Construction Corporation of China) | China | 0,73 | 46,90 | 47,63 |
| State Power Investment Corporation (SPIC) | China | 35,44 | 4,18 | 39,62 |
| State Grid Corporation of China (SGCC) | China | 35,90 | 35,90 | |
| Tata Power | India | 35,82 | 35,82 | |
| Manila Electric Company (Meralco) | Philippines | 31,63 | 31,63 | |
| RusHydro | Russia | 29,13 | 29,13 | |
| Daewoo E&C | South Korea | 28,00 | 28,00 | |
| DMCI Holdings | Philippines | 21,87 | 21,87 | |
| China Energy Engineering Corporation | China | 0,37 | 20,10 | 20,48 |
| ContourGlobal | United Kingdom | 0,04 | 19,91 | 19,95 |
| China Datang Corporation | China | 16,82 | 16,82 | |
| Tauron Group | Poland | 9,66 | 5,69 | 15,35 |
| Enea | Poland | 13,47 | 13,47 | |
| Public Power Corporation | Greece | 2,89 | 6,75 | 9,64 |
| ACWA Power | Saudi Arabia | 6,83 | 6,83 | |
| Hub Power Company | Pakistan | 6,43 | 6,43 | |
| Energa | Poland | 3,80 | 1,03 | 4,82 |
| China Southern Power Grid | China | 2,80 | 2,80 | |
| Bukit Asam | Indonesia | 2,25 | 2,25 | |
| Eneva | Brazil | 1,90 | 1,90 | |
| Harbin Electric | China | 1,13 | 1,13 | |
| Shaanxi Coal & Chemical Industry Group | China | 1,08 | 1,08 | |
| San Miguel Corporation (SMC) | Philippines | 0,90 | 0,90 | |
| Texhong Textile Group Ltd | Hong Kong | 0,58 | 0,07 | 0,65 |
| State Development and Investment Corporation (SDIC) | China | 0,62 | 0,62 | |
| Dongfang Electric Corporation | China | 0,02 | 0,02 |
TOTAL (in US$ million)
Shareholding:
9.878,63
Bondholding:
1.149,68
Total:
11.028,30