IPP WATCH

摘要

Even with a track record as one of the best operators in China, CR Power could underperform on utilization hours in the next 2-3 years, says Barclays. The key concern is the potential risk to utilization hours in the medium to long term, due to its c50% exposure to Jiangsu, Guangdong and other provinces that are potentially affected by the import of power using UHV lines and the nuclear build-out, explains Barclays analyst Ephrem Ravi.