Priding itself on industry-leading efficiency, China Resources Power is poised to take advantage of the country’s move to renewable energy.
Founded in 2001, China Resources Power (CRP) operates and manages a network of coal-fired power plants as its core business and has recently diversified into other forms of power production, including wind power, solar PV, hydropower and distributed generation. President Min Hu has been in his role since 2016, having caught the eye of senior management when he ran a power plant for a joint venture CRP partnered in. Min says that energy efficiency is one of the strengths of the Hong Kong-listed company.
“For our coal-fired power stations, there is little room to improve on CRP’s side. We currently have one of the most energy-efficient power stations in the world in terms of coal consumption per megawatt hour.”
Utilising synergies across its supply chain has been a major efficiency driver, Min explains. “We oversee and control everything from construction to operations. This approach has meant we currently don’t have many challenges on the efficiency front.”
This story is from the May 2018 edition of The CEO Magazine Asia.
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This story is from the May 2018 edition of The CEO Magazine Asia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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