SHANGHAI, Aug. 8 (SMM) –Shandong Weiqiao Pioneering Group ranks 163th in the latest Fortune Global 500, 99 higher than Chalco, thepaper.cn reported.
The group has allowed its average power tariff to be over 30% lower than on-grid power tariff by building captive power plants and power grid over the past years.
The group’s power generating costs were as low as 0.17 yuan/kwh in Q1 2016, down from 0.29 yuan/kwh in 2013, 0.21 yuan/kwh in 2014 and 0.18 yuan/kwh in 2015, according to latest report from Dagong Global Credit Rating.
Besides meeting its own demand, the group also sells surplus electricity to surrounding enterprises at prices lower than those charged by power grid operators, Dagong Global added.
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