image

China Resources Power

China Resources Power Holdings was incorporated and registered in Hong Kong in 2001. It is a subsidiary of China Resources Holdings, a conglomerate in China and Hong Kong. Its business is focuses on developing, operating and managing coal-burning power plants in China, including Beijing, Hebei, Henan, Liaoning, Shandong, Jiangsu, Anhui, Zhejiang, Hubei, Hunan, Guangdong and Yunnan. 

China’s coal-fired power producers have seen their profits hampered by surging coal prices for the last couple of years. Photo: AP

Wholesale price rise boosts Chinese power shares

Shares of Chinese coal-fired power generators surged as much as 6 to 8 per cent on expectations of a wholesale power price increase next month, which is likely to bolster profits that have been dented by surging coal costs in the past two years.

  • 1
  • 2