After more than six months of negotiations, on May 28, Shandong Energy Group and Huaneng Group Shandong Subsidiary signed the 2020 coal provison contract. The signing of this contract marks a breakthrough in the province's electricity coal contract negotiations.
Huaneng is the largest coal customer in the Shandong, Shandong Energy Group supplied 7 million tons annually to its nine power plants.
In 2020, Shandong’s coal trade was delayed due to a combination of lower thermal power generation and COVID-19 epidemic.
Shandong Energy Group, the largest coal enterprise in the province, supplies nearly 12 million tons of coal to 17 power plants of the five major power companies annually.