China's central state-owned enterprises produced over 1 billion tonnes of coal in 2021 for the first time in history, Peng Huagang, Secretary General of the State-owned Assets Supervision and Administration Commission said in a conference release on January 19.
China Energy Investment Corporation and China Coal Energy Co., Ltd., two large state-run coal majors have taken the lead in the long-term coal supply contracts fulfillment, surrendering over 80 billion yuan in profit to downstream users, Peng said.
Central state-owned enterprises generated a total of 4,950 TWh of power in 2021, rising 10.2% compared with the year-ago level and contributing 64.6% of the country's total.
State Grid and China Southern Power Grid had arranged 732 times of cross-province power transmission, supplying 5.3 TWh of power and helping ensure orderly power consumption since November 7.
(Writing by Emma Yang Editing by Tammy Yang)
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