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China Resources Power Holdings Output dips, but recovery noted
July 11, 2009, Saturday
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CHINA Resources Power Holdings, the country's fourth-largest listed power company by market value, yesterday said power output in the first half of this year fell 0.9 percent from a year earlier.
The group said in a statement it produced 31.5 million megawatt-hours in the first half of the year. But the firm said its power output last month rose 2.9 percent to 5.6 million megawatt-hours. The declines in China's power generation have been narrowing in the past several months after near double-digit falls late last year, thanks to economic stimulus policies.
The group said in a statement it produced 31.5 million megawatt-hours in the first half of the year. But the firm said its power output last month rose 2.9 percent to 5.6 million megawatt-hours. The declines in China's power generation have been narrowing in the past several months after near double-digit falls late last year, thanks to economic stimulus policies.
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