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China's daily power generation up 8.5% in mid-July

(Xinhua)
Updated: 2009-07-24 15:05

China's daily power generation in the second 10-day period rose 8.5 percent year on year, a big increase over the first ten days of the month, according to the latest figures from the power dispatch center of State Grid Corporation of China on Thursday.

Special Coverage: China Biz & Economic Statistics Related readings:  China's power generation in July continues to rise  Power generation may see growth in third quarter  Power firm shows stable results despite consumption drop  Power consumption down 4% in first quarter

The growth rate was three percent from a year ago in the first 10 days of July.

Wang Wei, analyst at the Guotai Junan Securities, attributed the big growth mainly to high temperature in the southern region and areas along the Yangtze River.

For example, Shanghai saw a rebound of power generation of 2.1 percent from a year earlier in mid-July from the 19.1 percent decline in the first ten days. Power generation in Zhejiang Province climbed 9.8 percent in the day period from the 8.3 percent drop in the first ten days.

Analysts said growth of power generation would gradually become stable and continue to rise till the end of this year, boosted by the ongoing recovery of industrial production.

Power consumption and generation resumed growth in June, putting an end to eight consecutive months of decline since last October.