Firm set to develop energy in Chongqing
Source: Xinhua |
May 23, 2011, Monday
|
Print Edition
Print Edition
CHINA Guodian Corp is planning to invest 20 billion yuan (US$3.1 billion) to develop energy programs in Chongqing over the next five years, the company said in a statement yesterday.
According to an agreement between the company and the Chongqing government, the company will fund a variety of energy projects, including thermal power stations, wind power stations, natural gas power stations as well as biomass power stations in the sprawling city, located in southwest China, and its surrounding regions.
"Chongqing's fast economic growth has brought great opportunities for the development of energy," said Zhu Yongpeng, general manager of China Guodian Corp, one of the country's largest state-owned power companies.
Zhu estimates that Chongqing's power consumption will increase at an annual average rate of 12.1 percent over the next five years.
In 2010, energy consumption in Chongqing totalled 62.5 billion kilowatt hours.
Tong Xiaoping, vice mayor of Chongqing, said the total installed capacity of Chongqing's power stations will double to 22 million kwh by the end of 2015 to accommodate the growing demand for energy.
China Guodian is a Fortune Global 500 company that focuses on the development, investment, construction, operation and management of electrical power.
The company's assets totaled 522.4 billion yuan by the end of 2010.
According to an agreement between the company and the Chongqing government, the company will fund a variety of energy projects, including thermal power stations, wind power stations, natural gas power stations as well as biomass power stations in the sprawling city, located in southwest China, and its surrounding regions.
"Chongqing's fast economic growth has brought great opportunities for the development of energy," said Zhu Yongpeng, general manager of China Guodian Corp, one of the country's largest state-owned power companies.
Zhu estimates that Chongqing's power consumption will increase at an annual average rate of 12.1 percent over the next five years.
In 2010, energy consumption in Chongqing totalled 62.5 billion kilowatt hours.
Tong Xiaoping, vice mayor of Chongqing, said the total installed capacity of Chongqing's power stations will double to 22 million kwh by the end of 2015 to accommodate the growing demand for energy.
China Guodian is a Fortune Global 500 company that focuses on the development, investment, construction, operation and management of electrical power.
The company's assets totaled 522.4 billion yuan by the end of 2010.
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