HPI(SH:600011) Xin Hua Ri Bao·2026-01-05 22:02Core Insights - The new coal-fired power generation capacity in Jiangsu province is set to reach 10.4 million kilowatts by the end of 2025, marking the highest increase in nearly 20 years [1] - Renewable energy sources, primarily wind and solar, have become the largest power source in the province, although coal remains a crucial support and regulatory power source [1] - The peak output of coal power during the winter season is projected to reach 84.5 million kilowatts, an increase of 11.5% year-on-year, providing essential support for the expected maximum electricity load of 138 million kilowatts in the province [2] Group 1 - The commissioning of Guoxin Jingjiang Power Co., Ltd. Unit 4 and Jiangyin Ligang Power Co., Ltd. Unit 10 will contribute to a total of 10.4 million kilowatts of new coal-fired capacity in Jiangsu by December 30, 2025 [1] - In August 2022, during a peak demand period, coal-fired power plants operated at an average load factor exceeding 96%, contributing to 85% of the total output from the main power sources in the province [1] - Jiangsu has announced two batches of coal power projects since 2022, with a total planned capacity of 23.94 million kilowatts, alongside previously approved coal and gas projects, aiming for a total new coal-fired capacity of 33.94 million kilowatts [1] Group 2 - The coal power peak output is expected to support the anticipated maximum electricity load of 138 million kilowatts during the winter peak season [2] - The increase in coal power output is essential for maintaining the balance of electricity supply and demand, especially during high-demand periods [2]