2023, the People's Court announced that on November 28, 2023, it ruled that Shanxi Electric Power Construction Company II of China Energy Construction Group was declared bankrupt. The
announcement also said that the debtor's asset-liability ratio after the liquidation audit of Shanxi Electric Power Construction Company II of China Energy Construction Group was-418.16%, and the court held that the debtor was seriously insolvent and obviously lacked the ability to pay off debts. It is unable to pay off the debts due and meets the conditions for bankruptcy.
It is understood that Shanxi Electric Power Construction Company II is 100% controlled by China Energy Construction Group Co., Ltd. and was established in 1981. It has many qualifications, such as general contracting of electric power engineering, general contracting of housing construction engineering, general contracting of municipal public works, professional contracting of high-rise structures, installation of civil nuclear pressure equipment, etc.
Its business scope includes: electric power engineering construction (Grade I) (operated with qualification certificates), general contracting of housing construction, thermal power equipment, high-rise structures, non-destructive testing, installation of lifting equipment (Grade I), engineering technology consulting services, cement ditch parts, metal components, automobile freight, leasing of materials, machinery and equipment, concrete distribution, building metallographic testing, etc.
Shanxi No.2 Electric Power Construction Company has undertaken the construction of more than 180 generating units of various types, with a total capacity of more than 65 million kilowatts; completed more than 70 substations and power transmission and transformation projects of various levels; the projects are distributed in 30 provinces (municipalities and autonomous regions) in China, overseas projects are distributed in nearly 20 countries, and overseas branches have been established in 7 countries. It has won 5 Luban Awards, 10 National Excellent Gold Awards, 19 National Excellent Silver Awards and more than 110 provincial and ministerial awards. It has won the honors of "Meritorious Unit of Electric Power Construction" and "Excellent Enterprise of National Electric Power Construction". It is one of the first first-class enterprises of national electric power safety production standardization.
Some netizens said that the compulsory bankruptcy and bankruptcy of Shanxi No.2 Electric Power Construction Company would cause a devastating blow to hundreds of private subcontracting teams, labor service companies, supplier enterprises, and employees of No.2 Electric Power Construction Company.
Previously, during the company's operation, serious dishonesty occurred many times, and it was listed as a discredited executor for many times.
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