GD Power Development Co., Ltd., a subsidiary of CHN Energy, reported that its annual power generation reached 459.461 billion kWh in 2024, while grid-connected electricity totaled 436.687 billion kWh. This performance marks year-on-year increases of 2.00% and 2.08% respectively, driven by the company's accelerated green transition and improvements in its market trading management system.
As part of its push toward a cleaner energy future, GD Power implemented a tailored "one-unit, one-policy" strategy for its coal-fired power plants, advancing transformation and upgrades. Over the course of the year, 24 coal-fired units were retrofitted, and 13 units received national recognition for their reliability or energy efficiency benchmarks. The company also bolstered its low-carbon efforts with several key projects: The biomass co-firing project at Jinjie Company commenced operations; construction began on a salix biomass pellet production line at Bulian Power Plant; Shengli Power Plant completed China’s first experimental trial of cow dung co-firing. By December 31, 2024, GD Power’s consolidated installed capacity stood at 111,733.9 MW, comprising 74,629 MW of thermal power, 14,950.6 MW of hydropower, 9,839.8 MW of wind power and 12,314.5 MW of PV power. In addition, the company added 4,319.2 MW of new energy capacity during the year, further advancing its shift towards green and low-carbon energy.
GD Power also refined its market trading management to strengthen revenue growth. Key efforts included conducting in-depth analyses of capacity and electricity market balances, securing high-value transactions in inter-provincial spot markets and cross-regional power transmission, and ensuring the complete collection of capacity-related fees. Additionally, the company improved the management of the Two Detailed Rules and auxiliary services, further boosting operational efficiency and reinforcing its competitive edge in the market.
