"Shanxi Coal and Electricity Co., Ltd., known as the 'Coal Province,' has recently made significant progress in its coal and power sector. Seven major coal groups have signed long-term supply agreements with five national power companies and several local utilities. This is the first time that such agreements have been formalized through economic contracts, adding a stronger legal binding force to the deals. Additionally, both sides have clearly defined the settlement price, ensuring transparency and stability in transactions.
Historically, coal-fired power plants have also entered into long-term agreements, but these often suffered from unrealistic pricing, leading to imbalances. With the current downturn in the coal industry, the strict terms of this new agreement reflect a growing trend toward coal and electricity integration, accelerating the pace of joint ventures between the two sectors.
Since the start of this year, domestic and global economic slowdowns, along with falling international commodity prices, have led to reduced coal demand and continued price declines. As of August 6, the Bohai Thermal Coal Price Index, a key benchmark for China's coal market, has remained flat for nine consecutive months. Data from the China Coal Industry Association shows that in the first half of the year, coal output and sales declined year-on-year, while railway transportation volumes remained negative for 13 months. Six provinces, including Heilongjiang, Jilin, Chongqing, Sichuan, Yunnan, and Anhui, reported losses in the coal industry.
In Shanxi, a region heavily reliant on coal, conditions are similarly challenging. According to data from the Shanxi Provincial Department of Coal, coal sales in the first half of the year increased by only 0.1%, while the average price per ton dropped sharply—from 656 yuan in May 2011 to 450 yuan in June of this year, a decrease of 31%. Industry-wide profits fell by 53% year-on-year.
To address these challenges, the Shanxi Provincial Government issued 20 emergency measures in July, emphasizing the need for coal and electricity integration. The plan encourages coal companies to sign contracts with key users like power, metallurgy, and coke industries, aiming for a more harmonious relationship between coal and power sectors. Soon after, Shaanxi announced plans to explore policies supporting its coal industry, once again highlighting the importance of coal and electricity cooperation.
For years, the coal and power sectors have had a tense relationship, each dependent on the other. When coal shortages occur, power companies struggle to secure supplies, often scrambling to find coal. Conversely, when coal oversupply happens, coal companies face pressure to sell at lower prices, reducing their margins.
Prior to signing the agreement, both parties conducted detailed assessments of energy availability and coal demand. Based on this, they signed a supply and demand agreement using an economic contract model, following principles of resource autonomy, independent contract signing, price negotiation, and voluntary compliance. They also clearly outlined coal quantity and quality, and set various forms of settlement prices to ensure mutual benefits.
Zhang Youxi, chairman of China’s third-largest state-owned coal enterprise, stated that the medium- and long-term agreement includes 120 million tons of coal. Of this, 33 million tons are for this year, accounting for a quarter of the group’s total commercial coal, significantly easing coal sales pressure.
Qiao Baoping, chairman of China Guodian Corporation, emphasized that these long-term agreements not only help resolve supply-demand imbalances but also create a win-win situation for both coal and power sectors. These efforts contribute to national energy security and support the healthy development of the economy.
Beyond long-term agreements, capital-linked coal-electricity joint ventures are also gaining attention. For example, Shanxi Coal Group merged with International Power to restructure Jinneng Company, while Lu'an Group signed a coal-power cooperation agreement with Gemini International. Among the 34 main thermal power enterprises in Shanxi, 22 are integrated coal-electricity companies, and 17 have long-term contracts, greatly enhancing market resilience.
Additionally, Shenhua Group, China’s leading coal company, has accelerated its coal-power joint venture strategy, with its power generation business accounting for over 25% of its operations in 2012."
Jig Saw
The Jigsaw is the wood working power tools, Perfect for cutting curve, hole digging,can cut 3cm circle.
Quick Clamp Chuck Portable Jig Saws With Laser is used for Cutting Wood, Plastic Tube, Aluminum Bar, with 6 speed 0-3000rpm, 4 Pendulum Settings, Bevel Cutting 45°, 20mm Stroke Distance, With Aluminum Base, and Laser Function.
No burrs with good blade.
Portable Jigsaw With variable speed, 0-3000rpm, for different material cutting.
The Jigsaw can cutting Capacity: Wood:80mm, steel:10mm
The Jig Saw with 4 Pendulum, 0 setting for metal, 1 setting for wood, 2-3 setting for soft wood.
Normal clamp chuck or quick clamping chuck is optional.
Iron base or Aluminum base is optional
Hand Jig Saw with a counterbalanced low-vibration plunge mechanism
Power Saw With a dust blower for max cut-line visibility.
Wood Cutting Power Tools with protection button for your safety, soft rubber handle for comfortable use.
The external laser function for better cutting line ability.
The Jig Saw is equipped with Guide ruler, to control the cutting width.
CE/GS/EMC/UKCA certificate.
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