Power generation turns to increase after the maintenance factor is deducted by CR

China Resources Power, which has been awarded a maximum of 3 billion yuan per year for the Wind power investment scheme, has a slight rise of 0.45% to HK $17.88 this morning, with a deal of 1.46 million shares, which has not been dragged down by a notable decline in May. The company reported a decline of 8.3% to 5.35 million MW in May over a year earlier, less than 5.84 million MW in May 2008, and a decline of 6.3% in April and a 2.4% per cent increase in operating conditions in the first quarter.　　25.85 million MW in the first 5 months of the year, down 6.1% per cent from 27.52 million MW in the same period last year. But Daiwa still maintains the stock-buying rating, with a target price of HK $19.54, at a premium of 9% per cent. The main reason for its May decline was the overhaul of several of its power plants this month. If these power plants are not taken into account, the net output of CR power is expected to increase by 1.6% over a year earlier. Daiwa also predicts that if China resources power is to complete its acquisition in Jiangsu in the fourth quarter of this year, and demand for electricity is fully recovered in the second half of this year, net generating capacity will increase by 4.8%