The development of Jiangsu Natural Power Group Co, Ltd is based on regional state owned mine in xuzhou city with xuzhou mining Bureau and Xuzhou Coal Industrial Company as its predecessor. In 1994, Jiangsu Natural Power Group Co, Ltd was established approved by Jiangsu mechanism reform committee, became a solely state-owned company in 1998 and gained import and export right in March 1999.

Jiangsu Natural Power Group Co, Ltd, mainly produce coal with total annual production ability of 200 tons. It is large scale enterprise in second grade with 8 mines, 3 non-profit units, 3 joint venture and 12 direct controlled production companies. The total staff number is 14064, total assets 800 million yuan, sales income 640 million yuan, profit 16.22 yuan, tax 57.75 million yuan.

When developing coal industries, the company has paid attention on diversified operation either. Now it possess two thermoelectricity stations, one white cement company, one compounded fertilizer plant, costume plant, and knitting plant with total non-coal profit reaches 25 million yuan.

By the year of 2005, the group will mainly focus on coal mining and electricity generation. Expected coal output is 3 million tons, total volume of generated electricity reach 800 million kilowatts, sales income exceed one billion yuan and profit 100 million yuan.

The group was awarded as quality standardized enterprise, civilized enterprise and member of 100 largest mining companies. Mr. LI Naizhao was awarded as excellent manager in Jiangsu province and by Ministry of Coal Industry.