Bei­jing sus­pends ap­proval for new coal plants

New Straits Times - - Business / World -

BEI­JING: China will sus­pend ap­provals for new coal-fired power plants in 29 prov­inces to re­duce over­ca­pac­ity in the sec­tor, the of­fi­cial China Se­cu­ri­ties Jour­nal re­ported yes­ter­day.

The Na­tional En­ergy Ad­min­is­tra­tion (NEA) had put as many as 25 prov­inces on “red alert”, mean­ing that new projects would cre­ate se­vere over­ca­pac­ity or en­vi­ron­men­tal risks, while an­other four re­gions were put on “or­ange alert”, said the news­pa­per.

The NEA said util­i­sa­tion rates at coal-fired power plants were fall­ing as a re­sult of slow­ing growth in power con­sump­tion, and it es­tab­lished the warn­ing sys­tem to iden­tify re­gions that need to curb over­ca­pac­ity. Reuters

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