Beijing, February 15, 2024, The Europe Today: China’s central state-owned enterprises (SOEs) achieved a historic milestone in 2023 as the coal output soared to 1.13 billion tonnes, marking a 4.5 percent increase from the previous year. This record-breaking production reflects the commitment of coal enterprises to enhance production safety, meet growing energy demands, and ensure a stable power supply for the nation.
The State-owned Assets Supervision and Administration Commission of the State Council highlighted the concerted efforts of coal enterprises in prioritizing production safety while ramping up coal mining activities. The objective was to maximize coal supply, contributing significantly to China’s energy and power requirements.
In response to the surge in coal production, power generation enterprises implemented robust coal inventory management strategies throughout the year. The result was a sustained high level of coal inventory, providing a buffer for potential fluctuations in demand.
In addition to the impressive coal output, the power generation sector of these state-owned enterprises played a pivotal role in China’s overall energy landscape. In 2023, the cumulative power generated by these enterprises reached a staggering 5.35 trillion kWh, representing a substantial 63 percent of the total power generation in the country.
The focus on coal production and power generation underlines China’s commitment to maintaining energy security, supporting industrial activities, and meeting the increasing electricity needs of its growing population. The record-setting coal output attests to the resilience and efficiency of China’s state-owned enterprises in navigating challenges and contributing to the nation’s economic vitality.
