Huaihua, Hunan (Platts)--7Feb2013/522 am EST/1022 GMT
Combined coal stocks held by six major power generation companies, in eastern and southern China, averaged 14.863 million in the week ended Tuesday, up 2.5% from the previous week, Qinhuangdao Port said in a weekly report Thursday. The stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng represent 26.2 days of consumption, up 4.2 days week on week, the report said. The six utilities consumed a combined 3.993 million mt of coal, or an average 570,400 mt/day, in the week to Tuesday, down 13.6% week on week. Plummeting electricity consumption across the country on the eve of the Lunar New Year holiday is to blame for the sizable drop in coal consumption by the six power generators, the report said. Zhejiang Power, Shanghai Power and Guangdong Power are regional electricity companies while the rest are national power generation companies. Article continues below...Sign up to Power in Asia today. Power in Asia is a fortnightly newsletter that provides incisive comment and analysis on the policies and projects that shape the electricity market in Asia. You will receive information on corporate activity and performance, utility strategy and trends plus country-by-country news, market commentary, statistics and results.
Combined coal stocks held by six major power generation companies, in eastern and southern China, averaged 14.863 million in the week ended Tuesday, up 2.5% from the previous week, Qinhuangdao Port said in a weekly report Thursday. The stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng represent 26.2 days of consumption, up 4.2 days week on week, the report said. The six utilities consumed a combined 3.993 million mt of coal, or an average 570,400 mt/day, in the week to Tuesday, down 13.6% week on week. Plummeting electricity consumption across the country on the eve of the Lunar New Year holiday is to blame for the sizable drop in coal consumption by the six power generators, the report said. Zhejiang Power, Shanghai Power and Guangdong Power are regional electricity companies while the rest are national power generation companies.
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Power in Asia is a fortnightly newsletter that provides incisive comment and analysis on the policies and projects that shape the electricity market in Asia. You will receive information on corporate activity and performance, utility strategy and trends plus country-by-country news, market commentary, statistics and results.
For comparison, combined coal stocks at all key power plants across the country totaled 80.59 million mt at the end of January, representing 19 days of consumption, according to figures from the report. This was down from 81.13 million mt at the end of December. --Reggie Le, newsdesk@platts.com--Edited by Jonathan Fox, jonathan_fox@platts.com
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