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China Coal 2010 Net Profit Up 4.4% At CNY6.91 Bln

China Coal Energy Co. said Tuesday its 2010 net profit rose 4.4% as it boosted coal production to meet an increase in domestic demand. The country's second-largest coal producer by revenue said its net profit for the 12 months ended Dec. 31 was CNY6.91 billion ($1.05 billion) ...

China's coal imports drops to 6.76 mln tons in Feb

China imported 6.76 million metric tons of coal in February this year, 48% less than in the same month of last year, according to the latest statistics released by the General Customs Administration, sources reported. The figure was 59.25% less than 9.8 million metric tons ...

Puda Coal sees revenue surge 50.3% in Q4

Puda Coal Inc, a supplier of high-grade metallurgical coking coal to the industrial sector in China, has posted US$90.5 million for the fourth quarter of last year, reflecting an increase of 50.3% year on year, according to a statement filed with the New York Stock Exchange. The ...

China's Net Coal Imports May Rise to 174 Million Tons, CCB Says

China, the world's biggest coal consumer and producer, may increase net imports of the fuel to 174 million metric tons this year to cover a supply shortfall, CCB International Securities Ltd. said in a research note. The nation may purchase as much as 230 million tons of coal ...

Power service still abnormal in parts of south China

A total of 47 Power transmission lines and three substations in areas covered by China Southern Power Grid Corp were still out of service on Jan. 10 due to icy weather, the National Development and Reform Commission said on Jan 12. At least 104 towns experienced electricity ...

China Resources Power's electricity sales up 13.9pct in Dec

China Resources Power Holdings Co Ltd, a subsidiary of conglomerate China Resources Holdings, saw its electricity sales total 9,610 gigawatt hours in Dec last year, reflecting a year-on-year increase of 13.9% from 8,430 GWh, according to a statement filed with the Hong Kong Stock ...

China's Power Plants Hit as Freeze Bites

Power generation giant China Datang shut some plants after sleet and freezing weather in the southern part of the nation disrupted fuel deliveries, sources reported. Units in Hunan's Leiyang plant owned by China Datang halted operations due to a coal shortage, the provincial ...

China to expand installed power by 500m kW in 5-yrs

China plans to increase its installed power generation capacity by 500 million kilowatts over the coming five years, a State Grid Corporation of China (SGCC) official said Friday. China's installed electricity capacity had reached 960 million kilowatts at the end of 2010, SGCC ...

SGCC plows US$181 bln into power grid upgrades

State Grid Corp of China, the country largest power grid network operator has deployed 1.2 trillion yuan on domestic power grid upgrades over the past five years, Interfax-China reported. SGCC said the 1.2 trillion yuan is larger than the combined domestic power grid network ...

State Grid Will Invest 322 Billion RMB This Year

On January 9, it is learned that in 2011, the first year of the Twelfth Five-Year Plan, State Grid plans to default 322 billion investment in fixed assets, which 292.5 billion for power grid investment, increased nearly 300 billion compared to the last year's 264.4 billion. In ...

China's electricity consumption jumps 14.56% in 2010

China's electricity consumption maintained its steady growth last year, up 14.56 percent year on year to well over 4.19 trillion kWh, the China Electricity Council (CEC) said Monday. The electricity consumption growth rate was 8.12 percentage points higher than the previous year, ...

China Huaneng Targets 32 Percent Increase in Sales by 2015

China Huaneng Group plans to increase its annual sales by at least 32 percent within the next five years as the country s biggest power producer builds new plants to meet energy demand, Xinhua News Agency reported. Annual revenue may exceed 300 billion yuan ($45.5 billion) by ...

China Huaneng targets 32pct increase in sales by 2015

China Huaneng Group plans to increase its annual sales by at least 32% within the next five years as the country's biggest power producer builds new plants to meet energy demand, Xinhua News Agency reported. Annual revenue may exceed 300 billion yuan by 2015, compared with 227 ...

Tight Electricity Supply and Demand Situationin might Cause over six million kilowatts' gap in 2011

It is learned from 2011 Southern Power Grid s briefing on the situation of supply and demand that "It is expected that this year five southern provinces' (or regions') electricity demand may increase by about 10% compared with the previous times, but the installed capacity is ...

China Guodian, UPC Management Sign 10 Billion Yuan Wind Power Deals

China Guodian Corp. and Miami, Florida-based UPC Management LLC have signed 10 billion yuan of wind power agreements, the Chinese company said on its website today. The companies will develop seven wind power projects with capacity exceeding 1,075 megawatts in total, according to ...

Datang Int'l Power expects 2010 net profit to rise 50%

Datang International Power Generation Co<601991><0991>, China's second-largest publicly traded electricity producer, announced yesterday that it expected its net profit in 2010 to surge more than 50% year on year. The company said in a statement that the strong growth in net ...

China ready for flood of hydropower

With 2020 clean-energy targets to meet, China is set to accelerate the building of hydroelectric dams, reversing a long halt caused by environmental concerns and the social upheaval of relocating people living in the shadow of dam sites. The trend will create a "golden decade" ...

Three Gorges Project to be completed by 2015

All construction work on the Three Gorges Project, the largest hydropower project in the world, is scheduled to be completed by 2015, said a spokesman with the developer, China Three Gorges Corp. The remaining parts to be constructed are an underground power station with six ...

China Power Regulator Says Must Consider Inflation for Electricity Prices

China must consider inflation when deciding if to raise electricity prices, Wang Xudong, chairman of the State Electricity Regulatory Commission, told reporters at a meeting being held in Beijing as part of the National People s Congress. The power regulator supports solar power ...

China Longyuan Power's electricity output up 18.79% in Feb

China Longyuan Power Group Corp Ltd<0916>, which is mainly engaged in the design, development, construction, management and operation of wind farms, yesterday announced that it generated 1.75 terawatt hours of power in February, 18.79% more than it realized in the same month of ...
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