China second in world in Power industry

Mar 12, 1997 01:00 AM

Mar. 3, 1997 China now ranks second in the world in term of overall electricity capacity, with a modern power industry taking shape, according to Shi Dazhen, the minister of Power Industry.China generated a record 1075 bn kWh of electricity in 1996, growing 6.8 % over 1995, and completing 100.5 % of the pre-set target.
Thermal power plants - coal and gas fired - produced 875.7 bn kWh of electricity, up 8.5 % over 1995; hydroelectric power stations produced 185 bn kWh of electricity, levelling the previous year's level; and nuclear power stations generated 14.3 bn kWh of electricity.
An installed capacity totalling 15,000 MW and 5,477 km of power transmission lines with voltage over 220 kilovolts were added last year. A total of 93.03 bn yuan was invested in large and medium-sized power projects, in which 36.55 bn yuan were state investment, 10.68 bn yuan overseas funds, and the rest investment by enterprises and local bodies. Shi said recently in Shanghai that there are now 12 provinces, municipalities and autonomous regions where electricity is available in every village.
China has seen quick growth in its power industry in recent years, and the tension between supply and demand in power has eased up, he said. The country will realise the goal of bringing electricity to 95 % of its rural families and make it available in every county by the year 2000, he added.
Construction has started on two nuclear power units for the second stage of the country's Qinshan Nuclear Power Station in Zhejiang Province, each with a generating capacity of 600 MW.
China will start issuing bonds for power industry enterprises to raise funds and will speed up the listing of those enterprises on the stock market this year, an official said. In the past several years, China has utilised $ 12 bn in foreign investment in its power industry. Shi said that China will focus on clarifying the relationship between the state power industry and its major subsidiaries

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