Power giants take hit from high cost of coal
By Liu Yiyu | China Daily | Updated: 2010-12-02 07:56
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A worker inspects coal on a conveyor belt at a colliery in Lingxin, near Yinchuan, Ningxia Hui autonomous region. China's coal price is at its highest level this year, according to China Investment Consulting. Lucas Schifres / Bloomberg |
Beijing - China's five major power-generation giants are suffering serious losses due to rising coal prices while the authorities are taking measures to curb the hikes, according to the China Electricity Council.
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