ESG & Investing
China’s Top Coal Miner Boosts First-Half Investment, Production
- CEIC increased first-half investments by more than 50%
- Government has pushed companies to secure energy supplies
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China Energy Investment Corp., the country’s top coal miner, lifted its investments and production as the government pushes for energy security and increased spending on infrastructure.
Development investment rose by 51% to 49.3 billion yuan ($7.3 billion) in the first six months from the same period in 2021, the Beijing-based company said in a statement posted on the state-backed China Electric Power News WeChat account. CEIC started work on 11 power projects with 12.4 gigawatts of capacity that will cost 86.1 billion yuan.