17 February 2019

China Power cuts provincial on-grid prices, filing says

China Power International Development Ltd. (02380.HK) has cut on-grid power prices in its wholly owned or controlled thermal power plants in several provinces, it said in a regulatory filing Thursday. The adjustments are retroactive to Sept. 25. On-grid prices in Anhui, Henan, Shanxi and Hubei have been cut by 1.49 fen, 1.3 fen, 0.9 fen and 1.98 fen per kilowatt-hour, respectively. Those in Sichuan are unchanged. Meanwhile, the company has raised the denitration tariff subsidy to 1 fen from 0.8 fen, the filing said.

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