Gelonghui, April 8, 丨 Guiguan Electric Power (600236.SH) announced that as of March 31, 2024, the power plants directly under and holding of Guangxi Guiguan Electric Power Co., Ltd. completed a cumulative total of 7.109 billion kilowatt-hours of power generation in the first quarter of 2024, a decrease of 1.20% over the previous year. Among them: hydropower 5,097 billion kilowatt-hours, a year-on-year decrease of 7.38%; thermal power 1,196 million kilowatt-hours, up 8.83% year on year; wind power 664 million kilowatt-hours, up 28.19% year on year; and PV 152 million kilowatt-hours, up 102.67% year on year.
The main reason for the year-on-year decline in the company's power generation in the first quarter of 2024 is that in the Hongshui River basin, where the company's backbone power plant is located, incoming water was 30% dry compared to many years, resulting in a decrease in power generation. The company's hydropower plants in Yunnan and Guizhou also saw varying degrees of power generation decline over the same period last year due to the depletion of incoming water in the region.