Power consumption expected to climb
By Richard Fu |
August 1, 2012, Wednesday
|
Print Edition
Print Edition
POWER consumption is set to grow faster in the second half of this year as China's economic growth stabilizes, an industry group said yesterday.
An economic slowdown has hit activity in the industrial sector, the main power consumer, capping growth in the single digits and leading to less investment in power generation.
Power consumption may grow 6-8 percent in the second half from a year earlier and 6-7 percent for the full year, the China Electricity Council said. It increased 5.5 percent in the first half after rising 11.7 percent in 2011.
"It's likely economic growth will stabilize and improve in the second half," the council said. "This has a direct effect on power consumption."
The economy grew 7.6 percent in the second quarter, the slowest pace in three years, and 7.8 percent in the first half.
The International Monetary Fund forecast growth of 8 percent in 2012, citing policy easing and stimulus measures.
Investment in power generation capacity fell 2.6 percent in the first half, led by a 37.3 percent decline for wind power and a 16.8 percent drop for coal-fired power, the China Electricity Council said. Spending on the power grid increased 8 percent.
It said the approval of a number of hydropower projects in southeast regions will be accelerated in the second half.
The council also said China has a general surplus of power during the peak summer season.
However, it added shortages are possible in some provinces in the north, east and south.
An economic slowdown has hit activity in the industrial sector, the main power consumer, capping growth in the single digits and leading to less investment in power generation.
Power consumption may grow 6-8 percent in the second half from a year earlier and 6-7 percent for the full year, the China Electricity Council said. It increased 5.5 percent in the first half after rising 11.7 percent in 2011.
"It's likely economic growth will stabilize and improve in the second half," the council said. "This has a direct effect on power consumption."
The economy grew 7.6 percent in the second quarter, the slowest pace in three years, and 7.8 percent in the first half.
The International Monetary Fund forecast growth of 8 percent in 2012, citing policy easing and stimulus measures.
Investment in power generation capacity fell 2.6 percent in the first half, led by a 37.3 percent decline for wind power and a 16.8 percent drop for coal-fired power, the China Electricity Council said. Spending on the power grid increased 8 percent.
It said the approval of a number of hydropower projects in southeast regions will be accelerated in the second half.
The council also said China has a general surplus of power during the peak summer season.
However, it added shortages are possible in some provinces in the north, east and south.
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