SPIC Deploys Comprehensive Measures: Maximizing Power Generation, Stabilizing Prices, Reducing Costs, and Strengthening “Dual-Loss” Governance

On October 14, the State Power Investment Corporation Limited (SPIC) convened its third-quarter operations and special deployment meeting to review the Group’s performance from January to September, conduct an in-depth assessment of the current development landscape and existing challenges, and systematically plan key tasks for the next stage. Xu Shubiao, General Manager and Deputy Secretary of the Party Leadership Group of SPIC, presided over the meeting and delivered a speech. Group leaders Chen Haibin, Yan Hang, and Wang Shaomin attended.

It was noted at the meeting that since the beginning of this year, SPIC has advanced all major priorities in a coordinated manner, made steady progress in safeguarding energy supply, and carried out rectification measures in response to the central environmental inspection. The Group has maintained overall stability in safety and environmental protection. Key work areas—including major initiatives and projects, capital operations, financial risk management, and corporate structure optimization—have all moved forward in an orderly way. The fourth quarter marks a decisive stage for achieving annual goals and laying out plans for the year ahead. All subsidiaries and departments are required to review their performance against annual objectives, prepare budgets in a scientific and prudent manner, and make comprehensive arrangements for both year-end achievements and next-year planning.

The meeting underscored SPIC’s commitment to pursuing value creation with greater depth, fully implementing the “Every Penny Counts” quality and efficiency campaign, and working to maximize power generation, stabilize electricity prices, reduce operating costs, and strengthen governance over ‘dual-loss’ enterprises, ensuring the accomplishment of annual business objectives.

The Group must uphold its foremost responsibility for energy supply, particularly in northern regions, by securing adequate coal reserves, and ensuring stable power and heat supply during the winter season. It must attach great importance to the management of projects under construction and operational equipment, and focus on eliminating major potential risks and hidden hazards.

SPIC will accelerate the advancement of key projects, strengthen project management, actively pursue high-quality resources, and ensure that development targets deliver practical and measurable results.

The Group must strictly adhere to red lines and bottom lines, effectively guard against and resolve financial risks, and ensure steady progress in addressing issues identified by regulators, auditors, and inspection authorities.

At the meeting, Party Leadership members and Vice Presidents Chen Haibin and Wang Shaomin delivered thematic remarks. Departments including Finance & Treasury, Operations, Safety & Environmental Protection, Nuclear Energy, Strategic Development, Infrastructure & Industry, and the General Office reported on progress in their respective areas and outlined key priorities for the next stage.

Chief Engineers, General Assistants, and representatives from headquarters departments and subsidiary companies also attended the meeting.