Ningbo Thermal Power Co., Ltd was founded in 1995. It is the largest public thermoelectric production enterprise and the only heat, electricity and refrigeration power generating enterprise in Ningbo. The company main heat and power products provide industrial users with steam by coal combustion and power by steam turbine power generation.

The company supplies heat and electricity to the Economic and Technological Development Zone of Ningbo Beilun, dozens of textiles, chemicals and food enterprises in the Ningbo Bonded Zone.