• Most Popular
  • Most Shared

China Resources Power H1 output down 0.9 pct on year

Fri Jul 10, 2009 5:50am EDT

Stocks

   

HONG KONG, July 10 (Reuters) - China Resources Power Holdings (0836.HK), the country's fourth-largest listed power company by market value, said on Friday that power output in the first half of 2009 fell 0.9 percent from a year earlier.

China Resources Power 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 in June 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, as consumption gradually picked up, thanks to Beijing's economic stimulus policies.

Huaneng Power (0902.HK) (HNP.N), China's biggest power provider, said on Thursday that its power output fell 5.84 percent in the first half of 2009 from a year earlier, on the back of weakening power demand amid the global economic downturn. [IDnHKG195012].

Yangtze Electric Power Co (600900.SS), operator of the country's largest hydropower project, the Three Gorges Dam, said on Wednesday its power output in the first half of the year edged up 0.7 percent from a year earlier. [ID:nSHA86473]. (Reporting by Sui-Lee Wee, Editing by Jacqueline Wong)



More from Reuters

An Iranian woman supporting former prime Mmnister Mirhossein Mousavi, who is a candidate for the upcoming presidential elections, covers her face with his picture during a pre-election gathering at a stadium in Tehran June 9, 2009. REUTERS/Damir Sagolj

A nation on the brink?

Nukes may not be the only ticking clock in Iran. The reformist movement is swelling and "it is going to get very violent."  Full Article 

A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video