[3] In 1998 CPIH became a subsidiary of a mega-conglomerate, the State Power Corporation of China,[3] which replacing the commercial function of the Ministry.

[6][7] The formal approval of the formation of China Power Investment Corporation was on 2 February 2003, at first it had 5 wholly owned first-tier subsidiaries.

[1] The new group made one of its first acquisition in July 2003, acquiring a minority stake of Companhia de Electricidade de Macau (CEM) via CPI Group's subsidiary China Power International Holding (CPI Holding).

In 2010, it was reported that Resourcehouse, a private company owned by Australian businessman and politician Clive Palmer, had signed an agreement to supply coal to China Power Investment Holding for 20 years.

[20][21] She is the daughter of Li Peng,[11] former Premier of the People's Republic of China from 1988 to 1998, who also served as the Ministry of Power Industry [zh] in 1981 to 1982 as well as vice-minister from 1979 to 1981.

The last general manager of CPI Group was Lu Qizhou [zh] who retired after the merger, despite still served as a member of the national committee of Chinese People's Political Consultative Conference.

Among the deputy general managers, Meng Zhenping (Chinese: 孟振平) was remained in the successor State Power Investment Corporation in 2015 after the merger as general manager,[22] while Li Xiaolin was re-appointed to China Datang Corporation.