Guangzhou Development Group Incorporated (600098.SH): It is expected that there will be a tight supply of electrical utilities in the event of extreme high temperatures or a reduction in western power supply during the summer.

Gelonghui Finance · Jun 25 05:07

Guangzhou Development Group Incorporated (600098.SH) stated in an investor relations event on June 25th that in the first quarter of 2024, Guangdong Province's unified power generation increased by 11.85% year-on-year, with a faster growth rate. It is expected that under normal climate conditions, the annual growth rate will be between 6%-8%, and the year-on-year growth rate in the first half of the year will slightly higher at 8%. Due to the high base figure in the second half of 2023, it is expected that the growth rate will fall slightly in the second half of 2024. Based on the current production plan of Guangdong's backbone power sources and the spot market situation, it is predicted that there will be a shortage of electrical utilities in case of extremely high temperatures in summer or in the event of a reduction of westward power transmission, while the power supply will be balanced or relatively loose at other times.

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广州发展(600098.SH)：预计夏季出现极端高温或西电减送的情况下出现电力供应紧张情况

Guangzhou Development Group Incorporated (600098.SH): It is expected that there will be a tight supply of electrical utilities in the event of extreme high temperatures or a reduction in western power supply during the summer.

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