Chinese power plant

Photo: Reuters

China: Power Production Utility Claims 58% Loss In Profits

China on October 27, reported heavy loss in profits due to the surging coal prices. Huadian Power International, a subsidiary of China Huadian Corp, reported that the profits for January- September period dropped 58% which is estimated to be 1.8 billion Yuan. Analysts blame the losses incurred due to an incredible surge in thermal coal prices, along with a high demand of electricity in the country.

Wed, 27 Oct 2021 - 04:51 PM / by SAM RAHUL RAJA…

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