The three largest power producers in China, which account for 44 percent of total generation capacity in the country, swung to losses in the third quarter of 2021 amid soaring coal prices and the state policy of price caps for consumers, Caixin Global reports. Datang International Power Generation, Huadian Power International, and Huaneng Power International have all recently reported losses for the third quarter, compared to profits for the same period last year.
The main drag on financials of the three major power producers was the price of coal,…Surging Coal Prices Push Top Chinese Power Producers To Losses
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