SPIC WeChat: Our H1 Performance Report

SEP Boosts Innovative Development, Value Creation

 

SEP focused on value creation, implemented the action plans set in the beginning of the year, spared no effort to increase electricity and heating output and managed to realize over 5 percent growth for both of them on a year-on-year basis, with the relative values of utilization hours and marginal income both exceeding the advanced value standard of SPIC. Besides, the company's profit from thermal power sector increased by 11.4 percent YoY in the first half of 2018, and the profit from renewable energy sector expanded by 27.8 percent YoY, with the controllable cost in H1 reduced by RMB 107 million compared with that set by the annual budget time schedule.

 

SEP Strives to Promote "Three Sea-related" Strategy

 

So far, the company has pushed forward the construction of Minhang Gas-fired Power Generation Project with high quality, completed the installation of offshore booster station for Dafeng Offshore Wind Power Project, the offshore wind farm with the longest offshore distance in China at present, finished hoisting of wind turbine generator for Mozura Wind Power Project in Montenegro, the first wind power project developed by SEP in Europe, and realized commencement of site excavation for Hunutlu Coal-fired Power Plant in Turkey.

 

In the first half of 2018, the accumulated electricity trading amount of the company reached 245 GWh, with aggregated marginal income of around RMB 11.7 million. In addition, the company was reported by media, e.g. CCTV, People's Daily, Xinhua, for a total of 24 times in H1.

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