BUSINESS China achieves sufficient energy supply in H1: official

BUSINESS

China achieves sufficient energy supply in H1: official

China Daily

16:34, July 28, 2022

State Grid employees inspect photovoltaic panels in Chuzhou, Anhui province. [Photo: CHINA DAILY]

BEIJING - China secured a sufficient energy supply in the first half of this year, a senior energy official said on Wednesday.

With coordinated efforts to meet the demand for electricity, coal stocks in the country's coal-fired power plants exceeded 170 million tons in the January-June period, a surge of 51.7 percent year-on-year, Li Fulong, director of the development planning department of the National Energy Administration (NEA), told a press conference.

Investment in energy projects picked up pace during the period, with total investment in major energy projects up 15.9 percent year-on-year.

Li expected that the country's energy consumption will continue to expand in the second half of this year, with a higher growth rate than seen during the first half.

"Over the years, the NEA, local governments and enterprises have developed effective measures to deal with energy use peaks. The energy supply will be boosted further to ensure stable operations in the second half of 2022," Li said.

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