Slowdown affects top power firms
Print Edition
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鈥檚 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鈥檚 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鈥檚 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.
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