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Government Crackdowns to Affect Mainly Private Aluminum Smelters with Captive Power Plants, SMM Says

iconJul 31, 2017 14:47
Source:SMM
China’s NDRC and NEA issued Notice on Carrying out Special Checks on Standard Construction and Operations of Coal-Fired Captive Power Plants.

SHANGHAI, Jul. 31 (SMM) – China’s National Development & Reform Commission (NDRC) and National Energy Administration (NEA) issued Notice on Carrying out Special Checks on Standard Construction and Operations of Coal-Fired Captive Power Plants in May this year.

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The Notice urged aluminum smelters with captive power plants to pay government funds and surcharges in arrears.

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SMM learned the money owed is small among SOEs, but high among private smelters. SMM expects the average power cost to increase 0.02 yuan/kwh at smelters that need to pay government funds and surcharges owed.  

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