China Power posts 17.06% year-on-year fall in February 2026 electricity sales; two-month volume down 6.03%

Bulletin Express
03/26

China Power International Development Limited (China Power) reported that group electricity sales reached 8.13 million MWh in February 2026, a 17.06% decline versus the same month in 2025. Cumulative sales for January–February totalled 18.59 million MWh, 6.03% lower year on year.

Wholly-owned and controlled plants generated 8.13 million MWh in February. The steepest contraction came from coal-fired units, where sales fell 28.99% to 2.97 million MWh. Wind and photovoltaic (PV) output declined 10.17% and 13.98% respectively, while natural-gas power slipped 15.75%. Hydropower and environmental power provided partial offsets, rising 6.63% and 8.54% year on year.

For the first two months, coal-fired generation from wholly-owned plants dropped 7.96% to 7.64 million MWh. Wind and PV output decreased 4.13% and 5.81% respectively. Hydropower retreated 6.81% to 2.00 million MWh, whereas environmental and natural-gas power posted increases of 7.99% and 5.43%.

Major associates and joint ventures sold 2.50 million MWh in February, down 18.86% year on year. Within this portfolio, coal-fired output fell 19.89%, while wind power edged up 1.15% and PV generation rose 9.25%. Over the first two months, total associate and JV sales were broadly stable at 6.90 million MWh, rising 0.16% from the prior-year period.

The disclosed figures are based on internal management records and have not been audited or reviewed by external auditors. Investors are advised to exercise caution when dealing in China Power’s shares.

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