China Coal Giant ‘Seizing’ Window of Opportunity for New Plants
05 Sep 2023
(Bloomberg) — China’s
biggest coal company said it is “seizing” the opportunity to build more fossil
fuel power plants before 2025 as the government prioritizes energy security
after a series of power shortages.
China Shenhua Energy Co.
Ltd. has 11.75 gigawatts of coal and gas generation under construction and is
reviewing previously postponed and suspended projects to see which can be
revived under current conditions, General Manager Xu Mingjun said at a briefing
on Friday. The company is also renovating and expanding existing plants and
expects to put the new projects into operation by 2025, he said.