BIZCHINA / Company Events
China Huaneng plans to power up new capacity
(China Daily)
Updated: 2007-02-02 08:50
China Huaneng Group, the nation's largest electricity producer, has set a
sales revenue target of 100 billion yuan this year.
The company plans to produce 325.1 billion kilowatt-hours of electricity
in 2007, with new installed capacity reaching 10,000 megawatts.
Last year the company's 1,000-megawatt ultra-supercritical coal-fired
generating units, the first of their kind in China, went into commercial
use.
The units, which use advanced coal-fired technology, are at Huaneng
Yuhuan Power Plant, which is in East China's Zhejiang Province. The first
phase of the Yuhuan project involves two 1,000-megawatt generating units,
with an investment of 9.6 billion yuan.
"The operation of the 1,000-megawatt ultra-supercritical coal-fired power
generating units is a milestone in China's electricity industry. The
technology, which is more energy-saving and environmentally friendly, is
the most advanced coal-fired power generating technology in the world,"
said Li Xiaopeng, the company's president.
Huaneng's sales revenue for 2006 was 84.5 billion yuan, up 14.8 percent
from 2005. The company produced 282.04 billion kilowatt-hours of
electricity last year, an increase of 10 percent from 2005.
As the world's fastest growing major economy and the second-biggest
energy consumer, China's power majors have made substantial investments
to boost capacity.
China's total installed electricity-generating capacity surpassed 622
gigawatts in 2006, up 20.3 percent from 2005.
"The electricity industry has seen quick development in the past years,
but the proportion of coal-fired power plants also increased," said Wang
Yeping, vice-chairman of the State Electricity Regulatory Commission.
Coal-fired power plants have accounted for over 77 percent of the
nation's total installed generating capacity, said Wang, adding that
China will accelerate efforts to close small coal-fired units with
outdated technology that use excessive energy.
The nation is also trying to adjust its power mix, hoping that clean
energy such as hydropower and nuclear power will make up 35 percent of
the total electricity supply in 2010.
(For more biz stories, please visit Industry Updates)
Chinese Mandarin
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