Anhui requires contract prices for coal to maintain last year's level

The Anhui Provincial Price Bureau, the Economic and Information Commission, and the Energy Bureau jointly issued the "Implementation Opinions on Assuring the Stable Coal Power Supply Prices for Coal Power Supply" (hereinafter referred to as "opinions"), requesting the annual price of major coal power contracts for the four major mining groups in the province. Maintaining the same level as last year, and defining the discounted value of calorific value in the contract, must not be disguised in any form.

The "Opinions" emphasizes ensuring the supply of coal by contract in the province. The coal companies in the province must consider the overall situation, and in accordance with the principle of "coal coal for energy conservation and energy conservation, use of Yancoal," priority should be given to meet the demand for coal for power generation in the province. The four major mining groups (Huainan Mining Group, Huaibei Mining Group, SDIC Xinji, and Wanbei Coal and Electricity Group) have an increase in the number of coal contracts in the province by more than 10% from 2010. The contract was signed in accordance with the principles of first province and later province, and the first priority was to implement the annual power coal supply and demand contract for the main thermal power plant in the province.

The Opinions require that the price of coal in the province be basically stable. Coal companies must strengthen self-discipline. In 2011, production and transportation needs to be linked, and the annual price of key coal contracts will remain unchanged from the previous year. In accordance with the principle of equivalence between the price of the card and the price of coal, the price of the calorific value shall be clearly defined in the contract, and the price may not be disguised in any form.

The "Opinions" pointed out that the coal and electricity companies must sign the 2011 annual coal supply contract in a fair and just manner. The monthly supply of coal for coal supply will be adjusted and the balance will be balanced annually. The responsibility for breach of contract between coal and electricity should be clarified and the contract redemption rate should be ensured. The Anhui Provincial Price Bureau, the Provincial Economic and Information Commission, and the Provincial Energy Bureau will strengthen the inspection of the relevant conditions of the implementation of the coal power contract in 2010, supervise the implementation of the coal power contract, supervise the signing of the contract in 2011, and will not implement the contract. Conduct regular inspections.