China Power International Development issues RMB2bn paper, reports mixed sales

China Power International Development Limited announced the issuance of RMB2 billion in super & short-term commercial paper, the SCP-2025-1st-tranche, on August 27, 2025. The unsecured paper has a maturity period of 270 days and an annual coupon rate of 1.69%, with proceeds intended to repay maturing debts. Golden Credit Rating International Co., Ltd. assigned the company an 'AAA' corporate credit rating with a stable outlook.

The company also reported its electricity sales for July 2025. The group's total electricity sold by wholly-owned or controlled power plants increased by 2.45% year-on-year to 12,543,235 MWh, though the first seven months of 2025 saw a 1.97% decrease to 75,079,795 MWh compared to the same period last year. Notably, photovoltaic power sales from wholly-owned plants surged by 25.20% in July and 12.14% for the seven-month period.

Electricity sold by major associates' or joint ventures' power plants increased by 40.44% in July 2025 to 5,151,575 MWh, primarily driven by a 44.17% increase in coal-fired power sales. However, wind power sales from these entities decreased by 46.78% in July. The company's re-classification of certain power plants between "major associates" and "controlled power plants" significantly impacts these comparative figures, as detailed in prior announcements.