Tuesday, 02 January 2024 12:17 GMT

SPIC reports revenue growth in 2017


(MENAFN) Chinese State Power Investment Corporation (SPIC) has posted revenue growth in 2017, topping the CNY200 billion mark for the first time.

The energy giant is one the country's top five power generators, and its business covers thermal power and clean energy, as it has been included on the Fortune 500 list for six consecutive years.

Last year, the company has minimized its coal consumption by 1.5 gram per kilowatt hour, shut down 510,000 kilowatts of coal-fired power aptitude, and cut excess coal aptitude by over 1.5 million tonnes.

The company's total installed power aptitude has reached 126 million kilowatts, with over 45 percent coming from new energy sources; while its total installed photovoltaic power aptitude was more than 10 million kilowatts.

MENAFN0302201800450000ID1096424037



MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search