China’s cleaner power firms feel unfairly squeezed
Some of China’s cleaner but small energy producers said on Monday Beijing does not recognize their efficiency, and with profits squeezed between rising coal costs and falling tariffs they had been forced to halt operations.
Jiang Zhangshui, chairman of Zhejiang Tianma Heat and Power Co Ltd, said the on-grid tariff for their electricity was cut by some 10 percent since mid-December, as they are improperly classified as small coal-fired generators.