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    China Shenhua lowers 2024 coal output, sales targets

    sxcoal.com Company,  Production & Sales 2024-02-27 10:33:40

    China Shenhua Energy Co., Ltd., one of the leading coal producers in the country, has announced its production and sales guidances for 2024, which are slightly lower than 2023's realized volumes.

     

    The company sets its commercial coal production target at 316 million tonnes for 2024, a little lower than 324.5 million tonnes it produced in 2023.

     

    Its coal sales goal stands at 435.3 million tonnes for this year, while the 2023 sales reached 450.0 million tonnes.

     

    Meanwhile, China Shenhua set its electricity generation target at 216.3 TWh, excluding generation from captive power plants and projects that account for financial asset assessments under the BOT model. This compares with the generation of 212.3 TWh in 2023.

     

    The capital expenditure plan, excluding equity investments, is slated at 36.8 billion yuan ($5.1 billion) for 2024. That includes 9.8 billion yuan for coal business, 17.2 billion yuan for power generation, 6.8 billion yuan for transportation, 2.4 billion yuan for coal chemical industry, and 6 billion yuan for other purposes.

     

    These operational objectives are within a comprehensive plan approved during the 26th meeting of the fifth Board of Directors, according to the company's announcement.

     

    The company's general manager is authorized to make necessary adjustments within a range of ±20% based on actual circumstances concerning the total investment for the year.

     

    (Writing by Alex Guo  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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