HUADIAN POWER (01071) is expected to achieve a total power generation of approximately 2.226 billion kilowatt-hours in the full year of 2024, a year-on-year decrease of about 0.52%.

date
07/02/2025
avatar
GMT Eight
HUADIAN POWER (01071) announced that the group's total electricity generation for the full year of 2024, calculated on a consolidated basis in accordance with Chinese accounting standards, was 222.63 million megawatt-hours, a decrease of approximately 0.52% compared to the same period last year; the total grid-connected electricity generation was 208.45 million megawatt-hours, a decrease of approximately 0.52% compared to the same period last year. The main reason for the slight decrease in electricity generation and grid-connected electricity in 2024 was the continuous increase in new energy installed capacity and good water supply conditions for hydropower in most regions in the first half of the year, which squeezed the space for grid-connected electricity of the group's coal-fired generating units. In 2024, the group's average grid-connected electricity price was approximately RMB 511.89 per megawatt-hour. The two 501.65 megawatt gas-fired generating units of Huadian Jinan Zhangqiu Thermal Power Co., Ltd., in which the company holds a 70% stake, have been put into commercial operation in the second half of 2024. As of December 31, 2024, a total of 46 controlling power generation enterprises in which the company has invested are operational, with a total controlling installed capacity of 59,818.62 megawatts.

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