Financial Wire

Guangdong Electric Power Development's Power Generation Rises 18% in Q1

-- Guangdong Electric Power Development's (SHE:000539) power generation increased 18% year over year to 29.8 billion kilowatt-hours in the first quarter, according to a Tuesday filing with the Shenzhen bourse.

Coal-fired power generation jumped 23% year over year to 22.3 billion kWh, while gas-fired power generation fell 4.9% year on year to 4.55 billion kWh.

Wind power generation surged 22% to 1.63 billion kWh, while photovoltaic power generation jumped 17% to 1.03 billion kWh.

Hydropower generation rose 31% to 84 million kWh and biomass power output grew 13% to 195 million kWh.

Installed capacity for the first quarter reached 47.5 million kilowatts.

Shares increased nearly 1% during afternoon trading on Tuesday.

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Guangdong Electric Power Development's Power Generation Rises 18% in Q1 | Financial Wire