China Power Renews Three-Year Coal Supply Pact with Huainan Mining

The latest announcement is out from China Power International Development ( (HK:2380) ).

China Power International Development has renewed its coal supply framework with Huainan Mining for a further three years from 1 January 2026 to 31 December 2028, ensuring continued coal supply to its subsidiaries. The new agreement sets an annual transaction cap of up to RMB6.126 billion for each of the 2026–2028 financial years, with coal pricing to be determined via arm’s length negotiations referencing national policies, market conditions, NDRC guidance, and published coal market data. As Huainan Mining is a substantial shareholder in three of China Power’s subsidiaries, the deal constitutes a continuing connected transaction under Hong Kong listing rules, but is exempt from circular and shareholder approval requirements after being approved by the board and confirmed by independent non-executive directors as fair, reasonable and in the interests of shareholders, leaving the company subject only to reporting and announcement obligations.

The most recent analyst rating on (HK:2380) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.

More about China Power International Development

China Power International Development is a Hong Kong-incorporated power producer listed on the Hong Kong Stock Exchange, primarily engaged through its subsidiaries in generating electricity, including coal-fired power, for the Chinese market. Its operations rely on stable fuel supply arrangements with major coal producers to support its power generation portfolio and ensure reliability of supply to customers.

YTD Price Performance: 13.04%

Average Trading Volume: 13,156,456

Technical Sentiment Signal: Buy

Current Market Cap: HK$41.93B

Learn more about 2380 stock on TipRanks’ Stock Analysis page.