Datang International Power can break-even when coal prices are about 400 yuan ($58.46) per tonne, general manager Zhai Ruoyu said on Wednesday.
"We can solve the problem of losses if coal prices fall to around 400 yuan per tonne," he told reporters in Beijing.
Datang, along with other major Chinese power firms, have been locked in negotiations with coal miners for months about a term price for 2009. But Zhai said he was not worried about the failure to sign a deal because some coal firms were still supplying even though no new contracts had been agreed.
He said Datang would increase generating capacity by 13 gigawatts to more than 90 gigawatts this year.
Source: Reuters
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