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Shanxi looks to cut rail coal transport cost

Shanxi province, a leading coal production area in northern China, will coordinate with relevant authorities to cut rail transport cost to ease coal producers' burden and enhance their competitiveness, while improving rail coal transport volume, said the provincial government in a document recently.

The move is part of the coal-rich province’s efforts to shore up industrial growth in the wake of increasing downward pressure, as its economic growth fell to 2.7% in the first half of the year, the second lowest in China, partly due to its heavy reliance on the coal sector, which tumbled amid sluggish demand and an excess of supply.

Shanxi will promote energy cooperation with major partners, including central Hunan and Hubei provinces, and expand new markets outside of the province.

It will endeavor to establish a long-term and stable strategic partnership between large coal groups and the nation’s five state-owned power groups – China Huanneng Group, China Datang Corporation, China Huadian Corporation, China Guodian Corporation and State Power Investment Corporation.

Shanxi will further promote coal-electricity integration and cooperation with the Beijing-Tianjin-Hebei and central China regions.

Meanwhile, the provincial government would support large industrial power supply for projects newly-added or operation restarted after suspension in the second half of the year.

source: http://en.sxcoal.com