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SPIC Achieves Record 700 TWh Power Production

On December 24, 2024, State Power Investment Corporation (SPIC) announced a significant milestone in its annual electricity generation, having surpassed the 700 terawatt-hour (TWh) mark for the first time. The company reported an impressive annual production of 707.2 TWh, marking a 6.11% increase from the previous year. Notably, 383.2 TWh of this output came from clean energy sources, reinforcing SPIC's commitment to sustainable practices.

This record achievement aligns with SPIC's strategic focus on becoming a globally competitive clean energy company. Central to this vision is their Balanced Growth Strategy, which emphasizes targeted investments in critical sectors, projects, and regions. By directing a substantial portion of their investments towards clean energy, SPIC has been able to maintain a high level of development and investment intensity within this essential sector.

Moreover, SPIC has continued to make strides in nuclear energy and electric projects, while also expanding its efforts in offshore wind and solar power initiatives. These advancements are not only vital for the company's growth but are also pivotal in promoting energy security and contributing to the sustainable and resilient development of both the economy and society.

As of the end of November 2024, SPIC boasts a total installed capacity of 250 GW, with clean energy capacity making up 70.86% of this total, amounting to 177 GW. This positions SPIC as a world leader in photovoltaic (PV) capacity, new energy capacity, and clean energy capacity, showcasing their dominance in the rapidly evolving energy landscape.

Looking ahead, SPIC is determined to continue fostering energy security through both new investments and the careful management of existing assets. This commitment is expected to usher in a new era of clean energy development, serving both the needs of the society and the pursuit of economic stability.

The company remains resolute in its mission to leverage clean energy as a growth engine, thereby contributing positively to the pressing challenges of climate change. As SPIC leads by example in the energy sector, its ongoing projects and clean energy advancements represent a significant step towards a more sustainable future for all.

In summary, SPIC's landmark achievement of surpassing 700 TWh in annual power output is a testament to its robust growth strategy and unwavering commitment to clean energy, setting the stage for further advancements in the realm of sustainable energy production.