Huaneng Power International Inc. China's biggest listed electricity producer, predicted that coal prices will rise eight percent in 2010, compared with a 13 percent fall in 2009.
The company will have to bear additional coal costs of about 3.2 billion yuan this year. As revenue growth stemmed from higher electricity output may not be able to cover coal costs, the company expects 2010 profits to be lower than in 2009.
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