Carbon Trading Will Help to Phase out Inefficient Coal-Fired Generation Capacity in Power Sector
China’s launch of carbon trading in the power sector due to rising emission costs will accelerate the sector’s supply side reform, helping to phase out low-efficient coal-fired generation capacity, . We think market leaders, including Huaneng, Datang and China Resources Power, with high-efficiencies and low emissions will stand to benefit from the improving supply demand balance over a longer term. By the first half of 2017, more than 80% of Huaneng, Datang and China Resources Powers’ generation...Huaneng Power International is engaged in investment, construction, operation and management of power plants. Through its subsidiaries, Co. is also engaged in power generation; development of wind power project; production and sale of electricity; heat supply; construction and operation of power plants and related construction projects; wholesale of coal; construction, operation and management of hydropower, cogeneration power and related projects; provision of utility services; and consultancy in waste recycling industrial waste management and recycling. As of Dec 31 2010, Co. had controlling generation capacity and equity-based generation capacity of 50,935 MW and 45,340 MW, respectively.
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