In the third quarter of 2024, CHN Energy made significant progress, contributing to the country’s energy security and economic growth. Looking ahead to the fourth quarter, the group plans to expand its energy investments to ensure the successful completion of its annual targets and further support the national economy.

A green dock at the Ma'anshan Power Plant in Anhui Province. Photo/Chen Chuan Zhao Xiaojing, China Economic Herald

During Q3, CHN Energy achieved remarkable results in energy supply, project development, technological innovation, and state-owned enterprise reform. Several operational indicators hit record highs, with nine key metrics exceeding annual progress targets, including coal sales, power generation and shipping volumes. These successes stem from the group’s ongoing efforts to ensure energy supply and its focus on low-carbon transition and project management improvements.

By the end of Q3, the group’s total coal output surpassed the planned target by 25 million tons, a 2.1% year-on-year increase, securing coal demand in key regions like East and Central China. The group also saw power generation surge during peak summer demand, with daily output exceeding 4 billion kWh on 18 occasions, and August’s total power generation up 7.3% year-on-year. Ship transport volumes hit record levels, with non-coal logistics increasing by 4.4%.

Committed to balancing energy security and low-carbon development, CHN Energy has invested 153.3 billion RMB in fixed assets this year, a 23.5% increase from 2023, including 97.1 billion RMB in renewable energy. Fourth-quarter investment is expected to approach 100 billion RMB, with total annual investment surpassing 250 billion RMB, marking a growth of over 10%.

In technology, the group has achieved breakthroughs such as successful testing of unmanned heavy-load trains on the Shuozhou-Huanghua Railway and the completion of the world’s largest digital platform for new energy production by China Longyuan Power Group Corporation Limited. As of the end of September, CHN Energy had filed 3,584 patents this year, a 14.8% increase, with a 20.3% rise in invention patents.

Looking ahead, the group will focus on ensuring energy supply for the winter and spring, expanding investments and driving technological innovation to support the country’s energy security and sustainable development.