On August 14th, China Resources Power announced its interim results of year 2019.

In the first half of 2019, CR Power achieved a turnover of HKD 32.92 billion and a net profit of HKD 4.02 billion with an increase of 35.8% compared with the first half of 2018.

By June 30th, 2019, CR Power’s total asset has reached HKD 215.41 billion approximately and its operating equity installed capacity was 38,005MW, of which the operating equity installed capacities of coal-fired power generation as well as clean and renewable energy were 29,389MW and 8,616MW, accounting for 77.3% and 22.7% respectively, with the latter increasing by 2.3% compared with that at the end of 2018. The wind power operating equity installed capacity was 7752MW, increasing by 13.7% from the end of December 2018, and that of photovoltaic power was 453MW, and 280MW for hydropower.

In the first half of the year, the average full-load unit utilization hour of coal-fired power plants affiliated to the company was 2,252 hours, exceeding the national average utilization time by 186 hours; the average full-load utilization hour of wind farm was 1,185 hours, exceeding the national average level by 52 hours. The average net coal consumption rate of coal-fired power plants was 296.2 g/kWh, decreasing by 2.1 g/kWh compared with the corresponding period last year. The company’s market-based electricity sales accounted for 60.5% of the total electricity sold by affiliated power plants, of which 53% were directly achieved by auxiliary power plants (including bilateral long-term agreement and price bidding online).

By the end of June 2019, the company’s installed capacity under construction in terms of wind power, photovoltaic power and hydropower were 2412MW, 6MW and 107MW respectively. A total of 1937MW wind power and photovoltaic projects will be put into production in 2019.