CPI’s Aluminum Output Reached 2.03 Million Tons in 2011

In an interview, Lu Qizhou, general manager of China Power Investment Corp. (CPI), noted that from 2008 on power generation companies have been operating at a loss. Against such background, it is more difficult for a power generation company to go public as a whole. In the future, CPI will help enterprises in the hydropower and nuclear power sectors get listed separately.

Considering that thermal power companies are in the red, Lu Qizhou said CPI planned to turn listed companies in the electric power industry into environmentally-friendly companies. In the new energy industry, currently CPI has one company listed in Hong Kong - China Power New Energy Development Co., Ltd.

In Lu Qizhou’s view, on the one hand, new energy technology keeps advancing and cost is falling; on the other hand, overcapacity in the PV industry and the wind power industry will gradually be curbed, and the new energy industry will get on the track of benign development.On the topic of re-launch of nuclear power projects, in Lu Qizhou’s opinion, in the future China’s nuclear power industry must develop in a safe and efficient manner, and nuclear power safety ultimately requires technological progress. At present, the third-generation and fourth-generation nuclear power units have emerged, with increasingly improved safety factor and disaster resilience.

According to statistics, as of the end of 2011 CPI’s installed capacity has come to 76.8 million kW, coal production capacity 73.5 million tons, and aluminum production capacity 2.6 million tons, with total assets of 503.4 billion yuan. In 2011, the company generated 325.9 billion kWh of power, 60.68 million tons of coal, and 2.03 million tons of aluminum, with 9.68 million tons of railway traffic. Its operating income reached 157.6 billion yuan, and total profit 2.6 billion yuan.