Eastday-Soaring coal prices set to hit power generators
Huaneng, like other power producers, is facing a bleak outlook because of soaring prices of coal, which accounts for 70 to 80 percent of power generation.
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Coal consumption is expected to increase as cold weather creates more demand for heating.
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Coal imports will grow by 16 percent from last year's figure to 120 million tons, according to the NEA.
Major power producers including Huaneng, Huadian, Datang and China Resources also reported a 20 percent growth in power generation so far this year, indicating more pressure from fuel costs.
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