Breaking News

Tweet TWEET

China’s Power Demand May Rise 12% This Year, State Grid Says

China’s power demand may gain 12 percent this year, said the research unit of the nation’s largest electricity distributor.

Power consumption may rise to 4.7 trillion kilowatt-hours, according to slides presented by State Grid Corp. of China’s research institute at a conference in Beijing today. First- quarter electricity use grew 13 percent from a year earlier to 1.1 trillion kilowatt-hours, State Grid said.

The forecast is higher than an earlier estimate from the National Energy Administration. Power demand may rise 9 percent to 4.5 trillion kilowatt-hours this year, slowing from a 15 percent gain in 2010, the administration said on Jan. 28.

China’s power-station coal use may increase 9 percent to 1.9 billion tons this year, according to the slides.

Electricity demand may rise to 6.57 trillion kilowatt-hours by 2015, China Huaneng Group Corp.’s Chief Economist Wu Dawei said at the conference. Demand for coal to fuel power plants will climb to 1.4 billion tons, he said.

Generators using non-fossil fuels may account for 33 percent of China’s total by then, according to Wu.

--Chua Baizhen, Winnie Zhu. Editors: Ryan Woo.

To contact the reporter on this story: Baizhen Chua in Beijing at bchua14@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.