Power stocks rebounded.$China Resources Power Holdings (00836.HK) $Up 4.67%, Huaneng International Power (00902) rose 4.68%, China Electric Power (02380) rose 3.91%, Datang Power (00991) rose 2.31%, and Huadian International Power (01071) rose 1.78%.
On the face of the news, construction of the national Anhua pumped storage power station, a major energy project in the country's 14th five-year Plan and the largest installed pumped storage power station in Central China, began on the 29th.
Yang Kun, executive vice chairman of the China Federation of Electric Power Enterprises, said that new energy generation has gradually become an important part of China's power supply. From January to May, it accounts for 40.6% of the total power generation, which provides a more and more important support for the power balance of the system.