Oct 13, 2014 - Chinese power company SDIC Power Holdings Co Ltd (SHA:600886) said Friday its total power generation for the first three quarters of 2014 has surged by 30.38% on the year to 86.22 TWh.
Beijing-based SDIC Power is active in the development, construction and operation of photovoltaic (PV) plants and wind farms, hydropower plants (HPP) and thermal power facilities. Hydropower had the biggest share of the firm's total generation with 52.89 TWh of electricity produced during the first nine months of 2014. The company explained that the 53.71% year-on-year HPP output increase is mainly due to the abundant water resources during the nine months.
During the reporting period, the company also saw its thermal power generation rise 4.99% to 32.45 TWh. The electricity, generated from other sources amounted 88 GWh, marking a 7.84% jump, despite the unfavorable wind conditions during the third quarter of the year.
In the July-September quarter alone, SDIC's power plants generated 39.38 TWh of electricity, up 38.03% year-on-year.
The company is a unit of China's State Development & Investment Corporation (SDIC).