国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

Rising coal prices slash profit of power producers

(Xinhua)
Updated: 2008-07-21 07:48

BEIJING -- China's power producers were feeling the pinch of soaring coal prices with more and more companies starting to report huge losses in the first half.

Related readings:  Supply crunch hits coal cradle  More coal supply to ease power strain in Beijing  Shanxi increases coal output to ease power coal strain  Energy: China's coal exports surge in June

Of the 31 power producers who had released profit forecasts for the first half, 19 expected losses and six forecast profit decrease, the Wind Info., a provider of financial data, said on Sunday.

Shanghai Electric Power Co., which suffered the heaviest losses, forecast 560 million yuan (US$82.11 million) in losses in the first half, compared with a net profit of 211 million yuan during the same period of 2007.

The Huaneng Power International Inc, the listed arm of China Huaneng Group, also forecast losses early this week. According to the China Securities News, the company would lose 500 million yuan in the first half as the rising coal price added one billion yuan in fuel costs.

The government has raised retail electricity price by 0.025 yuan per kwh starting from July 1. Prices directly related to people's livelihoods, however, remained unchanged, including public transport, taxis and household electricity.

The price increase, however, could only cover 15 percent of the losses in coal-fired power plants, said a Citic Securities analyst.