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China coal miners have 140 GW power capacity by end-2014

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Publish time: 20th July, 2015      Source: www.cnchemicals.com
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Installed power generation capacity from coal-fired plants partly or fully owned by China’s coal producers hit 140 GW by the end of 2014, taking 17% of the country’s total coal-fired power capacity, said Wang Xianzheng, director of China National Coal Association, at an industry meeting earlier this month.The government has been urging coal miners to engage more in power or integrated coal-power business, to better use their coal resources to improve profitability.With a combined power capacity of 65 GW, coal giant Shenhua Group, parent of China Shenhua Energy, realized profit of over 20 billion yuan ($3.27) in the first half, thanks to its coal-power integration, said Ling Wen, the general manager of the group.Datong coal mine Group, the biggest Shanxi-based coal producer, gained 900 million yuan of profit last year from its power business, with power output hitting 36.45 TWh. It has an installed power capacity of 14 GW.And also, power producers are encouraged to tap the upstream coal industry to lower cost and help advance structural adjustment and transitioning of the coal sector.China’s top five power producing companies hold a combined coal production capacity of 320 million tonnes per annum, with output at 260 million tonnes each year or 20% of their coal consumption.