The story appears on

Page A9

July 22, 2015

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Energy

Slowdown affects top power firms

Two leading Chinese power companies reported lower electricity generation as the economy slows.

Huadian Power International Corp yesterday reported that the total amount of power generated in the first half of this year decreased 7.29 percent from a year earlier. The company’s total amount of on-grid electricity tumbled 7.33 percent in the first half of last year.

Last week, Datang International Power Generation Co reported that its power generation had dipped 4.32 percent. Total on-grid power decreased 4.1 percent.

China’s total electricity consumption in the first six months climbed 1.3 percent over the same period in 2014, according to National Energy Administration. The growth was significantly slower than last year’s 5.3 percent.

The electricity consumption is expected to recover in the second half as easing policies revive industrial production. The industrial output in June picked up to 6.8 percent for the third straight month since a growth of 5.6 percent in March.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend