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July 31 – China's electricity consumption rose 5.5% year on year to 2.38 trillion kW hours in 1H 2012, the China Electricity Council said. The rate was 6.7 percentage points slower than in 1H 2011 as the nation's Q2 economic growth recorded its slowest pace in three years. The council predicted year-round electricity consumption would grow 6% to 7% to between 4.98 trillion and 5.03 trillion kW hours.
July 26 – The national government plans to invest ¥700 billion ($1 = ¥6.34) in resource-rich Xinjiang in the five years through 2015, according to a plan on regional development. The majority of the money will go into energy projects.
July 17 – China's electricity consumption rose 5.5% year on year to 2.37 trillion kW hours in 1H 2012; the growth rate was 6.7 percentage points slower than in 1H 2011, the State Electricity Regulatory Commission said.
July 17 – China plans to install 21GW of solar power capacity for electricity generation during the five years through 2015, up from its original target of 15GW, according to the National Energy Administration.
July 6 – China plans to save the equivalent of 400 million tons of coal per year and attract up to ¥1 trillion in investment in its clean technology industry by 2015, according to a five-year plan released by the National Development and Reform Commission. The energy saving service industry will also benefit from the plan, and is expected to provide ¥300 billion worth of such services per year by 2015.
July 2 – China contributed as much as 71% of the growth in global energy consumption last year, according to a report released by BP.
June 28 – China's five state-run power generators reported a combined ¥15.12 billion in losses with a combined 85.7% liabilities-to-assets ratio in 2011, the State Electricity Regulatory Commission said in its latest annual report, citing rising coal prices. Higher coal prices also resulted in the first annual decline in investment in coal-fired capacity last year. The commission predicted China's power consumption would rise 9.5% to over 5.1 trillion kW hours this year.
June 21 – Investment in China's power generation assets dropped 2% year on year to ¥114.3 billion in the first five months of the year, where investment in coal-fired plants slumped 25.3% to ¥29.5 billion, the China Electricity Council said. In comparison, investment in hydropower plants climbed 45.5% to ¥44.4 billion as the government steps up developing cleaner energy.
@2011 China Economy @ The China Perspective.
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