http://mynews.mychinab2b.com Your Source for Latest B2B iNews Sun, 25 Mar 2012 14:14:52 MDT en http://mynews.mychinab2b.com/Energy/energy-us-carbon-tech-firms-flock-to-china-for-coal-projects/ Sun, 25 Mar 2012 14:14:52 MDT admin Energy 2 http://mynews.mychinab2b.com/Energy/energy-us-carbon-tech-firms-flock-to-china-for-coal-projects/ http://mynews.mychinab2b.com/Energy/times-right-to-raise-power-prices-experts/
BEIJING - Now is a good time to raise electricity prices to ease power plants' losses while China's inflationary pressure is easing, experts with the Energy Research Institute of the National Development and Reform Commission (NDRC) said on Monday.

The government has to confront the severe discrepancy between coal and power prices when power shortages become serious again this winter, said Jiang Kejun, a researcher at the institute, which is an energy policy think tank for the country's top economic planner.

"Considering the effect on inflation, the government has been hesitant to raise the on-grid power prices," Jiang said. "But with China's inflation easing to a five-month low last month, this is a good moment to make the move."

The consumer price index edged down to 5.5 percent year-on-year in October from 6.1 percent in September, according to the National Bureau of Statistics.

"Coal prices are soaring, which has increased the costs of power plants," Jiang said. "To raise the electricity price could ease the situation to some extent, but it is still not a complete solution."

He said China needs an effective system to balance the discrepancy between coal and power prices, which has gone on for many years.

The coal prices in China are market-oriented while the government sets the price of electricity. Many coal-fired power plants operate at a loss because of the on-going increase of coal prices.

To tackle the power shortage, the NDRC raised on-grid electricity prices twice this year, in April and June. The price of electricity for industrial use was raised by an average of 0.02 yuan in some provinces on April 10 and by an average of 0.0167 yuan again in June.

China is considering increasing on-grid power prices for a third time this year, and the government is likely to give the approval soon, the China Securities Journal reported on Monday.

According to the China Electricity Council (CEC), the power industry association, China Guodian Corp, China Huadian Corp, China Datang Corp, China Huaneng Group and China Power Investment Corp all face increasing losses from power generation - a 7.46 billion yuan ($1.2 billion) total loss in the first seven months this year.

However, Han Wenke, director of the Energy Research Institute, said the discrepancy cannot be solved just by raising the cost of electricity because coal prices will rise again later, as has happened before.

"Ultimately, we will see that a coal price increase will soon offset the higher electricity price for the power plants," he said. "And the problem will still stay in place."

Coal prices will remain high in the following months because of the increasing demand in winter, said Dai Bing, a senior analyst at coal trading website coal.com.cn.

According to the State Electricity Regulatory Commission, China will have a power shortage of 26 million kilowatts at periods of peak use in the coming months. The CEC estimated that the power shortage will even reach 30 million to 40 million kilowatts.

The council said that because of the bad climate, less water and tight thermal coal resources, the power supply in the winter will be insufficient. The provinces in southern China, in particular, will be hard hit.

Many provinces in South China have already set the power supply limits for factories to ensure the supply for households.

Jiang said the country should increase its efforts to develop various means of power generation to complement coal-fired power generation.

"For coal-fired power plants, it is important to employ advanced technologies to increase generation efficiency and reduce the costs," he said. "I believe forming a low-carbon society is the best solution for the energy shortage, and local governments should include it in the power safety plan." ]]> Mon, 14 Nov 2011 13:11:49 MST admin Energy 1 http://mynews.mychinab2b.com/Energy/times-right-to-raise-power-prices-experts/ http://mynews.mychinab2b.com/Energy/green-energy-chinas-largest-solar-power-station-above-3000-meters-/ Sun, 28 Aug 2011 20:25:52 MDT admin Energy 2 http://mynews.mychinab2b.com/Energy/green-energy-chinas-largest-solar-power-station-above-3000-meters-/ http://mynews.mychinab2b.com/Energy/solar-hanergy-to-gamble-b-on-solar-power-niche/ Fri, 24 Jun 2011 21:02:38 MDT admin Energy 4 http://mynews.mychinab2b.com/Energy/solar-hanergy-to-gamble-b-on-solar-power-niche/ http://mynews.mychinab2b.com/Energy/energy-nuclear-safety-plan-may-come-soon/ Fri, 24 Jun 2011 20:54:35 MDT admin Energy 3 http://mynews.mychinab2b.com/Energy/energy-nuclear-safety-plan-may-come-soon/ http://mynews.mychinab2b.com/Energy/energy-efficiency-china-offers-rewards-to-energy-efficient-companies/ Fri, 24 Jun 2011 20:51:45 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/energy-efficiency-china-offers-rewards-to-energy-efficient-companies/ http://mynews.mychinab2b.com/Energy/solar-china-plans-african-ventures/
China, the world's biggest maker of solar panels, plans to build power projects using the devices in 40 African nations, aiming to cut the continent's reliance on fossil fuels and open a new market for Chinese manufacturers. ]]> Wed, 08 Jun 2011 00:55:10 MDT admin Energy 3 http://mynews.mychinab2b.com/Energy/solar-china-plans-african-ventures/ http://mynews.mychinab2b.com/Energy/china-to-spend-23m-to-ensure-nuke-safety/ The Ministry of Environmental Protection said in a budgetary report for 2011 on its website that the ministry's total budgetary expenditure is about 1.92 billion yuan this year, of which, 1.12 billion yuan will be used to carry out 61 environmental protection projects.

Among the major projects listed, the ministry will use 100 million yuan for tasks including nuclear and radiation safety monitoring, radioactive environment monitoring across the country, and electromagnetic radiation at key facilities, and offering technical support for supervising civilian nuclear facilities, the report said.

Another 50 million yuan will be used to assess technologies in ensuring safety of nuclear works, according to the report.

The ministry's budgetary report last year did not include nuclear safety projects.

The ministry also planned to allocate 220 million yuan this year for ensuring its environment monitoring and information gathering network runs smoothly. ]]> Mon, 16 May 2011 01:31:59 MDT admin Energy 4 http://mynews.mychinab2b.com/Energy/china-to-spend-23m-to-ensure-nuke-safety/ http://mynews.mychinab2b.com/Energy/energy-china-production-battles-against-the-dark-ages/
Xu Shuhui had to tell his customers, once again, that their orders would be delayed because power cuts and blackouts had suspended production.

Since April, many businesses in Zhejiang province, one of China's most resilient economic engines in the Yangtze River Delta, have been hit by the worst power shortage in years. ]]> Tue, 10 May 2011 20:29:43 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/energy-china-production-battles-against-the-dark-ages/ http://mynews.mychinab2b.com/Energy/energy-china-set-to-increase-use-of-biofuels/
China can become a leader in the production of second-generation (2G) biofuels, made from agricultural waste instead of foodstuffs, such as sugar, starch and vegetable oils said a senior executive from one of the industries' leading companies.

That's as the nation attempts to improve energy efficiency and reduce reliance on fossil fuels.
]]> Thu, 28 Apr 2011 20:08:54 MDT admin Energy 2 http://mynews.mychinab2b.com/Energy/energy-china-set-to-increase-use-of-biofuels/ http://mynews.mychinab2b.com/Energy/green-energy-ministry-unveils-geothermal-power-plan/
Guan Fengjun, director of the ministry's department of geological environment, made the comment on Friday, International Mother Earth Day - which this year the ministry gave the motto "cherishing the earth's natural resources and transforming our economic growth pattern".
]]> Sat, 23 Apr 2011 21:52:25 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/green-energy-ministry-unveils-geothermal-power-plan/ http://mynews.mychinab2b.com/Energy/chinese-new-nuclear-power-plants-set-to-be-approved-1/
New nuclear power projects may be approved, following suspension of the procedure on March 16 by the State Council after the Japanese tsunami, when the nuclear safety plan is issued, probably in August, a senior nuclear expert said.
]]> Thu, 21 Apr 2011 21:02:02 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/chinese-new-nuclear-power-plants-set-to-be-approved-1/ http://mynews.mychinab2b.com/Energy/electricity-supply-to-face-shortage-this-summer-globaltimes/ Tue, 19 Apr 2011 05:14:27 MDT admin Energy 2 http://mynews.mychinab2b.com/Energy/electricity-supply-to-face-shortage-this-summer-globaltimes/ http://mynews.mychinab2b.com/Energy/energy-china-to-encourage-foreign-investment-in-oil-and-gas/ Sat, 09 Apr 2011 21:18:02 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/energy-china-to-encourage-foreign-investment-in-oil-and-gas/ http://mynews.mychinab2b.com/Energy/shanghai-is-struggling-to-find-enough-nuclear-professionals/
By 2015, the city will need to recruit 1,000 nuclear professionals a year, yet only 100 students majoring in nuclear science graduate annually, according to the Shanghai Nuclear Society, a social organization of nuclear experts.

The group reiterated the importance of nuclear power in moving the country away from relying on burning polluting coal. ]]> Sun, 03 Apr 2011 19:44:28 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/shanghai-is-struggling-to-find-enough-nuclear-professionals/ http://mynews.mychinab2b.com/Energy/chinese-nuclear-plant-to-be-built-in-shandong-1/
"The world's first high-temperature, gas-cooled reactor" will be installed at Rongcheng in Shandong province, Cui Shaozhang, deputy general manager at Huaneng Nuclear Power Development Co, said in an interview on Tuesday in Singapore.
]]> Thu, 24 Mar 2011 02:38:34 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/chinese-nuclear-plant-to-be-built-in-shandong-1/ http://mynews.mychinab2b.com/Energy/japan-quake-prompts-petrochina-ma/ Tue, 22 Mar 2011 21:39:41 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/japan-quake-prompts-petrochina-ma/ http://mynews.mychinab2b.com/Energy/china-acts-as-japanese-crisis-out-of-control-chinese-cabinet-has-suspended-approval-for-new-nuclear-plants/
The decision signals a slowdown in the development of China's nuclear industry, which is the world's No. 1 in terms of capacity under construction.
]]> Wed, 16 Mar 2011 23:04:14 MDT admin Energy 1 http://mynews.mychinab2b.com/Energy/china-acts-as-japanese-crisis-out-of-control-chinese-cabinet-has-suspended-approval-for-new-nuclear-plants/ http://mynews.mychinab2b.com/Energy/energy-after-japan-earthquake-china-not-to-change-plan-for-nuclear-power-projects/
"China has 13 sets of functional nuclear power equipment and tests have shown all of them are safe," Zhang told a press conference on the sidelines of the national parliamentary session in Beijing.

China is "keeping a close eye" on the development of the earthquake's impact on Japan's nuclear facilities, he said.
]]> Fri, 11 Mar 2011 23:34:53 MST admin Energy 1 http://mynews.mychinab2b.com/Energy/energy-after-japan-earthquake-china-not-to-change-plan-for-nuclear-power-projects/ http://mynews.mychinab2b.com/Energy/natural-gas-stockpiles-crucial-to-energy-security/
"A plan for emergency gas-stockpiling must be a top priority in the next five years. It is necessary for safeguarding national energy security," Li Junfeng, deputy director of the Energy Research Institute, told China Daily.

The organization is affiliated with the National Development and Reform Commission (NDRC), China's top economic planner. ]]> Tue, 22 Feb 2011 23:35:58 MST admin Energy 1 http://mynews.mychinab2b.com/Energy/natural-gas-stockpiles-crucial-to-energy-security/