Top Five Power Generators Lose 15 Bln in 2011
The five major state-owned power generators reported a combined loss of 15.1 billion yuan in 2011, mainly due to rising costs, the electricity regulator reports.
The State Electricity Regulatory Commission 2011 report on the industry said that core business revenue of Huaneng Group, Huadian Corp., Datang Corp., Guodian Corp. and China Power Investment Corp., totaled 980.5 billion yuan, rising 20.1 percent from the previous year. However, the companies' financial expenses rose 37.5 percent to 94.7 billion yuan.
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