Xinhua news agency, quoting China's energy chief, reported that fixed asset investments in China's electricity, coal and oil industry rose by 17% YoY in the first 11 months of 2009 to CNY 1.4 trillion (USD 205 billion).
Mr Zhang Guobao, head of the National Energy Agency, also said energy consumption in the first 15 days of this year is at 12 billion kilowatt hours compared with 11 billion kilowatt hours in November last year.
He said that “This is the strong evidence for China's quick economic recovery.”
Mr Zhang also said that 1,000 small coal mines were closed last year and the new generating capacity of China's hydropower and wind power accounted for 32.3%.
(Sourced http://www.steelguru.com/news/index/2010/01/18/MTI5MTI0/Rays_of_recovery_-_Investments_in_Chinese_electricity_coal_oil_up_by_17pct.html)
Sunday, January 17, 2010
Rays of recovery - Investments in Chinese electricity coal oil up by 17pct
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