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Minggu, 15 Mei 2011

China’s Power Output Falls Amid Shortages, High Coal Costs - Businessweek

China, the world’s fastest-growing major economy, posted a decline in electricity generation in April from a seven-month high amid high coal prices.

Output fell to 366.4 billion kilowatt-hours last month, a drop of 4.3 percent from March and a gain of 12 percent from a year earlier, according to data from the Beijing-based National Bureau of Statistics today.

China’s central and eastern regions have been facing tight electricity supply this year, the National Development and Reform Commission, the top economic planner, said on April 15. Higher-than-expected production at factories, which consume more than 70 percent of the nation’s electricity, has strained power plants that are also facing high fuel costs.

Power-station coal prices at Qinhuangdao port, a Chinese benchmark, rose 5 percent to as high as 810 yuan ($125) a metric ton at the end of April compared with a month earlier, according to data from China Coal Transport and Distribution Association.

Huaneng Power International Inc., the listed unit of China’s biggest power producer, fell 1.8 percent to HK$4.49 in Hong Kong trading at 10:20 a.m. local time. Datang International Power Generation Co., a unit of the second-biggest power producer, dropped 1 percent to HK$3.05. The benchmark Hang Seng Index fell 0.3 percent.

Electricity demand may climb 12 percent to 4.7 trillion kilowatt-hours in 2011, according to estimates released last month by State Grid Corp. of China, the nation’s largest power distributor. That’s higher than the forecast of 4.5 trillion kilowatt-hours by the National Energy Administration in January.

--Chua Baizhen. Editors: Jane, Ching Shen Lee, Baldave Singh

To contact the reporter on this story: Baizhen Chua in Beijing at bchua14@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski
Posted by Saham Pilihan at 21.30

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