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Article: CHINA'S 5 MAJOR POWER PRODUCERS INCUR US$3.9 BLN LOSS IN JAN-OCT.
- Article from:
- AsiaPulse News
- Article date:
- December 8, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Dec 8 Asia Pulse - China's five major power generation groups incurred a total loss of 27 billion yuan (US$3.927555 billion) in January-October due mainly to the coal price surge in the first half of 2008 and the slide in power demand after July, according to a report by Shanghai Securities News Monday.
Included power groups are China Huaneng Group, China Datang Corp., China Huadian Corp., Guodian Corp., and China Power Investment Corp.
In Jan.-Oct., the average coal cost for generating every ...