www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Markets

Industries

Insights

Reports

Events

Power companies see continued losses in January

By Wan Zhihong (chinadaily.com.cn)
Updated: 2009-03-06 12:29

China's five leading power-generating companies all saw losses in January, following full-year losses in 2008.

Related readings:  Energy: SDIC Huajing plans share placement  Gezhouba wins 1.14b yuan hydropower contract  China Power to inject hydro projects into listed unit  Power companies attracted by clean, green nuclear

The companies are China Huaneng Group, China Datang Corp, China Guodian Corp, China Huadian Corp and China Power Investment Corp.

"We expect to see continuous losses in February," said Zhai Ruoyu, general manager of China Datang Corp.

The current coal price is still "too high" for power companies, said Zhai, who cited that as the main reason for the losses.

The five companies posted around 40 billion yuan of losses in 2008, and the country's coal-fired power generators saw losses of 70 billion yuan last year, according to the National Bureau of Statistics.