BEIJING --
China, the world’s biggest investor in renewable energy, reiterated
plans to boost construction of solar and wind power plants along with
projects to transmit electricity from the clean sources.
The nation will also start construction of some key nuclear power
projects in eastern coastal areas and “reasonable” hydropower plants,
according to comments from Premier Li Keqiang posted on the central
government’s website.
The statement reinforces China’s commitment to look
for alternative sources of energy as the nation’s policy makers grapple
with improving the nation’s air and water supplies. The world’s largest carbon emitter is planning the
energy projects to stabilize growth and adjust its energy structure
after Li declared war on smog in a speech last month, vowing to shut
coal-fired furnaces among other measures. Beijing’s air quality failed
to meet government standards 52 percent of the time last year, the
Ministry of Environmental Protection said in March.
Mainland China has 20 nuclear reactors in operation,
28 being built, and more about to start construction, which would
deliver a more-than-threefold increase in capacity by 2020, according to
the World Nuclear Association’s website. New approvals for nuclear
plants recommenced in October 2012, after their suspension following the
2011 Fukushima disaster.
Jiangsu Shentong Valve Co. led shares of Chinese
nuclear-related companies higher. The nuclear-plant valve maker rose as
much as 5.1 percent to 17.06 yuan, headed for the highest in 22 months,
and traded at 16.56 yuan as of 10:29 a.m. in Shenzhen. Shanghai Electric
Group Co. traded 3.4 percent higher in Shanghai.
China will begin building ultra-high voltage and
regular grids to deliver power from the country’s west to the east, Li
said in the statement, underscoring a previous plan. The country will
also promote clean-energy vehicles. Electricity power system reform will be speeded up and
trade between power suppliers and users will be promoted, the statement
said.
Copyright 2014 Bloomberg
http://www.renewableenergyworld.com/rea/news/article/2014/04/china-reiterates-plans-to-boost-clean-energy
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