China Shenhua Brings Second Qingyuan Phase II 1,000 MW Unit into Commercial Operation

China Shenhua Energy Co ( (HK:1088) ) has issued an announcement.

China Shenhua Energy said that No. 4 power generation unit of the Phase II expansion project at its 67%-owned subsidiary China Energy Qingyuan Power has successfully completed a 168-hour trial run and entered commercial operation. With this, both 1,000 MW double-reheat ultra-supercritical coal-fired units under Qingyuan Phase II are now in service.

The company reported that during testing the unit operated stably with ultra-low air pollutant emissions and zero wastewater discharge, underscoring its environmental performance. Once fully ramped up, Qingyuan Phase II is expected to deliver about 20 billion kWh of clean and efficient electricity annually, bolstering power supply security in the Greater Bay Area and supporting local high-quality economic development.

The most recent analyst rating on (HK:1088) stock is a Buy with a HK$48.00 price target. To see the full list of analyst forecasts on China Shenhua Energy Co stock, see the HK:1088 Stock Forecast page.

More about China Shenhua Energy Co

China Shenhua Energy Company Limited is a major Chinese energy group focused on coal-fired power generation and related energy operations. Through controlling subsidiaries such as China Energy Qingyuan Power Generation Co., Ltd., the company supplies large-scale electricity to key economic regions including the Guangdong-Hong Kong-Macao Greater Bay Area.

Average Trading Volume: 12,173,032

Technical Sentiment Signal: Buy

Current Market Cap: HK$949B

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