Coal prices hammer Chinese power giants
China Guodian Corporation and China Huadian Corporation have recorded losses in the first six months of this year.
It is estimated China Datang Corporation has lost about 2 billion yuan.
The China Power Investment Corporation is estimated to have have lost 1 billion yuan.
The coal-fired power plants, which supply 78 percent of the country's electricity, were let down by soaring coal prices, government control of electricity prices, and the rising financial costs resulting from expanding investment and the country's tight monetary policy.
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Environmentalist calls for reduction in biomass use to generate electricity
OTTAWA - The Ecology Action Centre's senior wilderness coordinator is calling on the Nova Scotia government to reduce the use of biomass to generate electricity now that more hydroelectric power is flowing into the province.
In 2020, the government of the day signed a directive for Nova Scotia Power to burn more wood chips, waste wood and other residuals from the forest industry to generate electricity. At the time, power from Muskrat Falls hydroelectric project in Labrador was not flowing into the province at high enough levels to reach provincial targets for electricity generated by renewable resources.
In recent months, however, the…
