SDIC Power Holdings Co., LTD Operating Results from January to August 2023 (7138N)
September 26 2023 - 6:39AM
UK Regulatory
TIDMSDIC
RNS Number : 7138N
SDIC Power Holdings Co., LTD
26 September 2023
SDIC Power Holdings Co., Ltd.
(GDR under the symbol: "SDIC")
Operating Results from January to August 2023
This announcement contains the English translation of the
Chinese version of "SDIC Power Holdings Co., Ltd. Operating Results
from January to August 2023" as published on the website of the
Shanghai Stock Exchange, and is provided for your reference only.
In case of discrepancy between the Chinese version and the English
version, the Chinese version shall prevail.
According to the preliminary statistics of SDIC Power Holdings
Co., Ltd. ("the company"), the company's domestic holding
enterprises have completed a total of 103.805 TWh of gross
electricity generated and 100.892 TWh of net electricity generated
from January to August 2023, representing a decrease of 0.98% and
1.31% respectively compared with the same period last year.
From January to August 2023, the average on-grid tariff of the
company's domestic holding enterprises is 0.383 RMB / kWh,
representing an increase of 9.74% compared with the same period
last year.
The operating results of the company's domestic holding
enterprises from January to August 2023 is as followed:
Items Gross Electricity Net Electricity Average On-grid
Generated Generated Tariff
(TWh) (TWh) (RMB / kWh)
Current Same Change Current Same Change Current Same Change
period period (YOY%) period period (YOY%) period period (YOY%)
last last last
year year year
-------- -------- -------- -------- -------- -------- -------- -------- --------
Hydropower 57.883 67.732 -14.54% 57.532 67.348 -14.57% 0.306 0.271 12.92%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Thermal
Power 39.818 32.465 22.65% 37.383 30.343 23.20% 0.473 0.482 -1.87%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Wind Power 4.428 3.356 31.94% 4.323 3.277 31.92% 0.486 0.509 -4.52%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Solar
Power 1.675 1.276 31.26% 1.654 1.26 31.21% 0.74 0.876 -15.53%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Total 103.805 104.829 -0.98% 100.892 102.228 -1.31% 0.383 0.349 9.74%
-------- -------- -------- -------- -------- -------- -------- -------- --------
Explanation of year-on-year changes in gross electricity
generated of domestic power plants from January to August 2023:
1. Main Reasons for the Year-on-Year Decrease in Hydropower
Generation
The decrease in hydropower generation is primarily due to
reduced water inflow in the catchment areas of various hydropower
stations.
2. Main Reasons for the Year-on-Year Increase in Thermal Power
Generation
The increase in thermal power generation is attributed to the
growth in electricity demand in the respective regions where
thermal power plants are located, as well as the impact of reduced
rainfall, leading to an increase in power generation.
3. Main Reasons for the Year-on-Year Increase in Wind Power
Generation
The increase in wind power generation can be attributed to two
primary factors: first, the continuous commissioning and
acquisition of multiple wind power projects, and second, favorable
wind resources in certain regions compared to the same period last
year.
4. Main Reasons for the Year-on-Year Increase in Solar Power
Generation
The increase in solar power generation can be attributed to two
primary factors: first, the continuous commissioning of multiple
projects, and second, superior solar resources in certain regions
compared to the same period last year.
Explanation of year-on-year changes in average on-grid tariff of
domestic power plants from January to August 2023:
Influenced by settlement prices and settlement periods, the
on-grid electricity prices of various power plants have experienced
some fluctuations. Among these:
Thermal power electricity prices are entirely determined by the
market and have remained relatively stable compared to the same
period.
The decrease in wind and solar electricity prices compared to
the same period is primarily due to the company's newly
commissioned units participating in grid parity projects.
The electricity prices for Yalong River hydropower have
increased compared to the same period, mainly because the prices of
some of the electricity supplied to Jiangsu by the Jin Guan power
generation unit increased last year.
Additionally, Yangfanggou has not yet defined the electricity
price mechanism, and Lianghekou is temporarily settled according to
the transition period electricity price.
Operating results of overseas power plants from January to
August 2023:
The 50,000 kW onshore wind power project Afton Wind Farm Limited
has completed a total power generation of 74 million kWh from
January to August in 2023; The 9,800 kW waste-to-energy power
project in Bangkok has completed a total power generation of 44
million kWh from January to August in 2023.
The Board of Directors of SDIC Power Holdings Co., Ltd.
September 26, 2023
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDFQLFLXKLXBBD
(END) Dow Jones Newswires
September 26, 2023 07:39 ET (11:39 GMT)
Sdic Power (LSE:SDIC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sdic Power (LSE:SDIC)
Historical Stock Chart
From Sep 2023 to Sep 2024