CHINA RES POWER(HK:00836) Yang Shi Wang·2025-10-15 12:33Core Insights - The 4th unit of China Resources Power Shenwan Company has officially commenced commercial operation after a successful 168-hour full-load trial run, marking it as the first approved and "dual investment" supercritical coal-fired power project in South China during the 14th Five-Year Plan [1][3] - The total installed capacity of the company’s thermal power now reaches 4 million kilowatts, making it the largest clean coal power plant in Shenzhen, supporting the modern energy system of the Guangdong-Hong Kong-Macao Greater Bay Area [1][3] Summary by Sections - Project Details - The 3rd and 4th units (2×1 million kilowatts) are key projects for clean coal power in Guangdong's 14th Five-Year Plan, utilizing advanced supercritical reheat technology and APS systems, leading the industry in intelligence and reliability [3] - Economic Impact - The dual-unit operation is expected to generate an additional annual electricity output of over 10.5 billion kilowatt-hours, with an estimated output value of approximately 5 billion yuan, saving 120,000 tons of standard coal and reducing carbon emissions by 400,000 tons annually, while generating tax revenue of about 350 million yuan [3] - Environmental Initiatives - The company has established the world's largest sludge co-firing project, having co-fired over 2.3 million tons of sludge, with plans to integrate sludge co-firing systems for the 3rd and 4th units [3] - Future Outlook - China Resources Power Shenwan Company aims to continue playing a stabilizing role in the energy supply of the Greater Bay Area, contributing to the establishment of a clean, low-carbon, safe, and efficient new energy landscape [3]