China to surge in power capacity
Source: Xinhua |
January 27, 2010, Wednesday
|
Print Edition
Print Edition
CHINA, with the world's second-largest power capacity after the United States, will add 85 million kilowatts of new capacity in 2010 to bring the total to about 950 million kw, an industry association said yesterday.
Of the newly increased capacity, 55 million kw will be coal-fired, 15 million kw for hydropower, 13 million kw for wind power and 1.08 million kw for nuclear power, the China Electricity Council said in a report.
Power consumption increase is estimated to quicken to 9 percent in 2010 from 6 percent in 2009 to 3.97 trillion kilowatt-hours driven by continuous economic recovery, the report said.
The nation will spend 660 billion yuan (US$97 billion) to upgrade power infrastructure, less than 755.8 billion yuan in 2009.
Last year's hefty spending was boosted by a government stimulus package to tackle the global economic recession. As the measures gradually wind down, the investment will be less aggressive this year, said Xue Jing, analyst with CEC.
The CEC said coal will face pressure for price hikes in 2010 due to tight supply. It called for further reform of electricity prices and a bigger say for the market in setting coal prices to better reflect real demand.
Of the newly increased capacity, 55 million kw will be coal-fired, 15 million kw for hydropower, 13 million kw for wind power and 1.08 million kw for nuclear power, the China Electricity Council said in a report.
Power consumption increase is estimated to quicken to 9 percent in 2010 from 6 percent in 2009 to 3.97 trillion kilowatt-hours driven by continuous economic recovery, the report said.
The nation will spend 660 billion yuan (US$97 billion) to upgrade power infrastructure, less than 755.8 billion yuan in 2009.
Last year's hefty spending was boosted by a government stimulus package to tackle the global economic recession. As the measures gradually wind down, the investment will be less aggressive this year, said Xue Jing, analyst with CEC.
The CEC said coal will face pressure for price hikes in 2010 due to tight supply. It called for further reform of electricity prices and a bigger say for the market in setting coal prices to better reflect real demand.
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