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Power companies see continued losses in January
By Wan Zhihong (chinadaily.com.cn)
Updated: 2009-03-06 12:29

皇冠体育app's five leading power-generating companies all saw losses in January, following full-year losses in 2008.

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The companies are 皇冠体育app Huaneng Group, 皇冠体育app Datang Corp, 皇冠体育app Guodian Corp, 皇冠体育app Huadian Corp and 皇冠体育app Power Investment Corp.

"We expect to see continuous losses in February," said Zhai Ruoyu, general manager of 皇冠体育app Datang Corp.

The current coal price is still "too high" for power companies, said Zhai, who cited that as the main reason for the losses.

The five companies posted around 40 billion yuan of losses in 2008, and the country's coal-fired power generators saw losses of 70 billion yuan last year, according to the National Bureau of Statistics.


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