On July 25, 2022, at the press conference on key work in the first half of the year held by the National Energy Group, it was learned that in the first half of the year, the group invested 49.3 billion yuan in development, a year-on-year increase of 51.4%; 11 power projects were started intensively, with a total installed capacity of 12.38 million. kilowatts, involving a total investment of 86.1 billion yuan. These projects are distributed in 10 provinces and autonomous regions, of which clean and renewable energy installed capacity accounts for about 60%.

On May 18, 2022, the National Energy Group announced at the 2022 power project centralized start (pre-commencement) ceremony that it plans to invest 200 billion yuan in development in 2022, and strive for 31 million kilowatts of power projects to start and 22 million kilowatts into production, of which new More than 20 million kilowatts of energy were started and 15 million kilowatts were put into production, accounting for 60% and 70% respectively.

In the first half of the year, the National Energy Group obtained a renewable energy construction target of 18.26 million kilowatts, approved/recorded 19.16 million kilowatts, started construction of 4.25 million kilowatts, and put into operation the first domestic Chaoguang complementary power station and photovoltaic direct supply and replacement power station.

In terms of hydropower development, Benzilan, Danba and other projects were included in the 14th Five-Year Plan of Modern Energy System, Xulong Project was officially approved, and the construction of 7.8 million kilowatt key projects such as Mardan, Shuangjiangkou and Jinchuan was accelerated.

National Energy Group is also accelerating the construction of clean and efficient coal power. Among them, Luoyuan Bay and Shanghai Temple Phase I have been completed and put into production; Hanchuan Phase IV No. 7, Zhoushan Phase III, Jiangyin Phase II, Chizhou Phase II and other projects have been approved.

At the same time, the "three transformations and linkages" of coal-fired power projects continued to be promoted, with 61 projects started and 12 transformation projects completed. "Three reforms linked together" refers to energy-saving and carbon-reduction retrofits, flexibility retrofits, and heating retrofit linked.

The National Energy Group stated that its revenue, total profit and net profit in the first half of the year were the best in history, but did not release specific financial data.

Among them, China Shenhua, its listed coal company, is expected to achieve a net profit of 40.6 billion-41.6 billion yuan, a year-on-year increase of 56.1%-59.9%.

In the first half of the year, the National Energy Group produced 300 million tons of coal, a year-on-year increase of 6.2%, and its sales volume was 390 million tons; its power generation was 526.4 billion kWh, a year-on-year increase of 1%, of which thermal power generation accounted for about 17% of the national total.

In addition, the railway transportation volume was 230 million tons, and the coal loading volume of Xinshuo Railway set new records for the handover of Shenchi South and Datong East ports for many times, and the shipping volume increased by 12% year-on-year.

Affected by factors such as the continuous growth of coal consumption driven by economic stabilization measures and the continued pressure on international coal imports, ensuring coal supply has become an important task for coal enterprises this year.

Coal reserves play the role of a "bottom tool" and a "regulator" for regulating the energy resource market and stabilizing coal price fluctuations. At the national level, it is clear that through measures such as increasing production capacity, expanding production, and starting new production, the task of increasing production and ensuring supply will be fully completed, and this year's new coal production capacity will be 300 million tons.

The National Energy Group said that in the first half of the year, it completed the nuclear increase of 58 million tons of production capacity of 18 coal mines, and the monthly average of self-produced coal exceeded 50 million tons. Construction of coal storage bases such as Langang and Beihai, Guangxi.

Luotuoshan Coal Mine is affiliated to National Energy Group Wuhai Energy Co., Ltd., with a designed production capacity of 1.5 million tons per year; Zhundong No. 2 Mine is the first underground coal mine with an annual output of 6 million tons built by National Energy Group in Zhundong Coalfield.

During the same period, the coal production and sales volume of Shendong Coal, Pingzhuang Coal Industry, Guoshen Company, Shengli Energy, Yulin Energy and other units under the National Energy Group hit new highs.

Among them, Zhuneng Group completed 29.43 million tons of commercial coal in the first half of the year, a record high in the past five years; the power generation completed 1.8 billion kwh.

Increasing the proportion of long-term coal agreements signed is conducive to stabilizing coal prices. Zhang Yuxin, a spokesman for the National Energy Group, said that in the first half of the year, the group's self-produced thermal coal contract fulfillment rate exceeded 100%, the purchase and sale prices remained stable, and the accumulated profits to the society exceeded 56 billion yuan.

During the same period, the National Energy Group realized the dynamic clearing of thermal coal inventory for power plants less than 15 days. In December 2021, the National Development and Reform Commission issued a notice requiring power generation companies to increase the number of days available for coal storage to more than 20 days on the basis of achieving full coverage of medium- and long-term contracts for coal for power generation and heating, and dynamic clearing of power plants with coal storage for less than 15 days. zero.

National Energy Group was formed by the merger and reorganization of the former China Guodian Corporation and Shenhua Group Co., Ltd., and was officially established on November 28, 2017.

The group is currently the world's largest coal production company, thermal power generation company, wind power generation company and coal-to-liquids coal chemical company, with total assets of 1,788.1 billion yuan, and will be ranked 101st in the world's top 500 in 2021. Editor/He Yuting