China halts over 100 coal-fired power projects
[BEIJING] China's energy regulator has ordered 11 provinces to stop more than 100 coal-fired power projects, some of which are under construction, with a combined installed capacity of more than 100 gigawatts, Caixin reported on Tuesday.
In a document issued on Jan 14 , Caixin said, the National Energy Administration (NEA) suspended coal projects already under construction in some provinces and autonomous regions including Xinjiang, Inner Mongolia, Shanxi, Gansu, Ningxia, Qinghai, Shaanxi and other northwestern regions.
About 430 billion yuan (S$88.90 billion) was invested in these projects.
The move is in line with the government's prolonged effort to produce power from renewable sources such as solar and wind, and wean the country off coal, which accounts for the majority of the nation's power supply.
In October, the NEA said it would postpone construction of some coal-fired plants that already had approvals.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop