China's Guizhou Provincial: The Coal Industry Profits Increased Significantly In 2018
2019-04-10 03:24:05.0

<p><span style="font-size:16px"><br/></span></p><p style="text-align: center;"><span style="font-size:16px"><img src="//" title="1554880903343722.png" alt="1.png"/></span></p><p><span style="font-size:16px"><br/></span></p><p><span style="font-size:16px">GUIZHOU</span><span style="font-size:16px;font-family:&#39;Georgia&#39;,&#39;serif&#39;;color:#222222"> —&nbsp;</span><span style="font-size:16px">According to the Press conference held by The Information Office of Guizhou Provincial People&#39;s Government , it was learned that in 2018, Guizhou &#39;s Thermal Power Plants reduced their losses by 2.6 billion yuan (RMB, the same below), and the coal industry in Guizhou realized a total profit of 5.58 billion RMB, increased 20% compared with the last year .</span></p><p><span style="font-size:16px">&nbsp;</span></p><p><span style="font-size:16px">For the past many years, the “coal, fire and water” in Guizhou Province have always developed in a state of mutual competition. In order to accelerate the structural reform of the energy supply side, Guizhou issued and commissioned the “Guizhou Energy Industry Operation New Mechanism Implementation Plan” (hereinafter referred to as “the new mechanism”) in May 2017, striving to solve the problem of unbalanced development for building interests community of coal, thermal power and Hydropower ,make a composition of forces to become a big&quot; energy cake&quot;.</span></p><p><span style="font-size:16px">&nbsp;</span></p><p><span style="font-size:16px">The data shows that in 2018, Guizhou&#39;s GDP reached 1,480,645 million RMB, ranking at the forefront in China for eight consecutive years. The added Gross industrial production above Certain scale in Guizhou Province increased by 9.0% over the previous year, and the contribution rate of energy to industrial growth reached 23.8%, an increase of 13.8 percentage points year-on-year.</span></p><p><span style="font-size:16px">&nbsp;</span></p><p><span style="font-size:16px">The new mechanism promotes the balanced development of coal, thermal power and hydropower. In 2018, Guizhou Province supplied 63 million tons of electricity coal, an increase of 7.95 million tons year-on-year. </span></p><p><span style="font-size:16px">&nbsp;</span></p><p><span style="font-size:16px">It is understood that Guizhou&#39;s water and fire power trading income is all used for coal storage and reducing the cost of electricity for industrial enterprises. At present, Guizhou Province&#39;s large industrial catalogue is ranked 24th in China, one of the provinces with the lowest electricity price in China.</span></p><p><span style="font-size:16px">&nbsp;</span></p><p><span style="font-size:16px">The “new mechanism” brought “new power”. At the same time, Guizhou&#39;s high-quality coal production capacity was gradually released. It also took the lead in formulating the standard and acceptance method for coal mine intelligent mechanization transformation. In 2018, the mechanization rate of coal mining in coal production reached 71.7%. The Coal mine gas drainage utilization rate reached 41%,and the extraction rate and utilization rate rank second in China.</span></p><p><br/></p>