Electricity generation up by 15%
Source: Bloomberg News |
April 16, 2011, Saturday
|
Print Edition
Print Edition
CHINA boosted electricity generation to a seven-month high in March.
Power output increased 15 percent from a year earlier to 383 billion kilowatt-hours, the National Bureau of Statistics said yesterday. That's the highest since August, when production reached 390 billion kilowatt-hours.
"Demand is still pretty strong," said Dave Dai, a Hong Kong-based analyst at Daiwa Securities Capital Markets. "There's some revival of industrial activity coming out of the fourth quarter, when there were power constraints."
Some local governments cut electricity supplies to residents and factories in the final three months of last year to meet conservation targets.
Power production rose 13 percent to 1.07 trillion kilowatt-hours in the first three months, the most in as many quarters, the data showed.
Huaneng Power International Inc, the listed unit of China's biggest power producer, increased electricity generation by a "double-digit" rate in the first quarter, the company said last month.
China is expected to have a "relatively large" deficit in power supply in some regions this summer, the National Development and Reform Commission, the top economic planner, said yesterday.
Overall electricity demand may climb 12 percent to 4.7 trillion kilowatt-hours this year, according to estimates by State Grid Corp of China, the nation's largest power distributor.
Power output increased 15 percent from a year earlier to 383 billion kilowatt-hours, the National Bureau of Statistics said yesterday. That's the highest since August, when production reached 390 billion kilowatt-hours.
"Demand is still pretty strong," said Dave Dai, a Hong Kong-based analyst at Daiwa Securities Capital Markets. "There's some revival of industrial activity coming out of the fourth quarter, when there were power constraints."
Some local governments cut electricity supplies to residents and factories in the final three months of last year to meet conservation targets.
Power production rose 13 percent to 1.07 trillion kilowatt-hours in the first three months, the most in as many quarters, the data showed.
Huaneng Power International Inc, the listed unit of China's biggest power producer, increased electricity generation by a "double-digit" rate in the first quarter, the company said last month.
China is expected to have a "relatively large" deficit in power supply in some regions this summer, the National Development and Reform Commission, the top economic planner, said yesterday.
Overall electricity demand may climb 12 percent to 4.7 trillion kilowatt-hours this year, according to estimates by State Grid Corp of China, the nation's largest power distributor.
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