Posted on 12/06/2004 1:57:08 PM PST by snopercod
BEIJING (AFX) - Beijing will curb excessive investment in the energy sector by cracking down on the construction of power plants lacking approval from the authorities, the China Daily said, quoting a senior Chinese official.
Xu Dingming, director of the Energy Bureau of the National Development and Reform Commission, said power plants with a generating capacity of 120,000 megawatts are being constructed without permission, putting China's sparse coal supplies and railway transportation system under "great stress," the China Daily said.
"We are moving now," Xu told the paper, offering no further explanation.
The paper added the projected capacity of the illegal power plants is equivalent to more than 30 pct of the nation's total generating capacity by the end of 2003.
The paper said China's five big power conglomerates - Huaneng, China Huadian, China Power Investment, Datang and China Guodian - are all vying with each other to expand their presence.
But it quoted unidentified sources as saying the authorities would have difficulties stopping the projects and that they had previously been unsuccessful in doing so.
The China Daily also quoted Xu as saying China's energy industry needs 10 trln yuan of investment by 2020, excluding the investment involved in the import of overseas resources.
It said Xu told journalists the government plans to spend 40 bln yuan to find new sources of coal by 2020, and that hydropower projects with a capacity equivalent to the Three Gorges Dam project would have to be built every two years until 2020.
(1 usd = 8.3 yuan)
In Communist China, they just go build them.
What's wrong with this picture?
Know anybody who might be interested in this?
There is no need for China to develop expensive hydroelectric facilities or construct coal, gas, or oil burning power plants.
They have been aware for many years that a very reasonable new hydropower system can be made available to them if they would ease up on their persecution of Christians. So, it their own fault if they don't like the way things are going with their scarce resources.
Some one's making a stink cause they didn't get their kickback like the other guys...
welcome to FR
What is this "very reasonable new hydropower system"?
It remains, that oil is to Arabs as labor is to the Red Chinese. Both have and expect to maintain their hegemony, and they use terrorism to maintain their dominance and control prices, redefining "demand" in the marketplace.
Well, perhaps they are not following the Kyoto protocols?
Maybe the free enterprise system is more alive in China than the US?
All kinds of answers come to mind.
China is exempt from those requirements, even if they go into effect here in America.
Maybe the free enterprise system is more alive in China than the US?
I think you might be right on that. Here in the US, you can't even set up a hot dog stand without getting permission from several bureaucracies.
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