Summary by Futu AI
According to the latest announcement issued by Huaneng International Power Co., Ltd., in the first quarter of 2024, when the company's power plants operating in China completed their grid capacity reached 1,130.36 billion kWh, an increase of 5.63% over the same period last year. However, average internet settlement electricity prices fell by 3.99% year-on-year to $497.97/MWh. Marketed trading volume ratio was 86.60%, down slightly by 0.18 percentage points. The company's power growth was mainly driven by a steady increase in national electricity usage, high-load operation of coal-fired power plants in the heating season, and a significant increase in the capacity of new energy installations. Among them, wind and photovoltaic generation achieved year-on-year growth of 24.08% and 73.73%, respectively. In addition...Show More